Vietnam Insurance Sector Forecast to 2013

Table of Contents

1. Analyst View

2. Vietnam - Key Growth Factors

• 2.1 Economic Stability
• 2.2 Entry in WTO
• 2.3 Income Level
• 2.4 Young Population
• 2.5 Insurance Awareness
• 2.6 Untapped Potential

3. Market Overview

4. Market Performance and Future Outlook

• 4.1 By Life Insurance
  • 4.1.1 Whole Life
  • 4.1.2 Pure Endowment
  • 4.1.3 Term
  • 4.1.4 Endowment
  • 4.1.5 Annuity
  • 4.1.6 Rider
• 4.2 By Non-life Insurance
  • 4.2.1 Motor Vehicle
  • 4.2.2 Property and Casualty
  • 4.2.3 Personal Accident and Health
  • 4.2.4 Fire
  • 4.2.5 Cargo and Hull
  • 4.2.6 Aviation
• 4.3 By Insurance Intermediaries
  • 4.3.1 Brokers
  • 4.3.2 Agents

5. Growth Prospects

• 5.1 Life Insurance
• 5.2 Investment-linked Insurance
• 5.3 Car Insurance
• 5.4 Energy Price Insurance
• 5.5 Export Credit Insurance
• 5.6 Medical Insurance
• 5.7 Agriculture Insurance
• 5.8 Expatriate Healthcare Insurance

6. Growth Barriers

• 6.1 Unhealthy Competition
• 6.2 Weak Regulatory System
• 6.3 Human Resource Crunch
• 6.4 Limited Financial Capacity
• 6.5 Market Concentration
• 6.6 Widening Gap between Rich and Poor

7. Key Players

• 7.1 Prudential Vietnam
• 7.2 Bao Viet
• 7.3 Manulife
• 7.4 Bao Minh
• 7.5 PV Insurance

List of Figures:

• Figure 2-1: Nominal GDP (Billion US$), 2002-2008
• Figure 2-2: Forecast for Nominal GDP (Billion US$), 2009-2013
• Figure 2-3: Per Head Disposable Income (US$), 2002-2008
• Figure 2-4: Forecast for Per Head Disposable Income (US$), 2009-2013
• Figure 2-5: Population (Million), 2002-2008
• Figure 2-6: Population Breakup by Age Group (%), 2008
• Figure 2-7: Forecast for Population (Million), 2009-2013
• Figure 2-8: Unemployment Rate (%), 2002-2008
• Figure 2-9: Life Insurance Penetration by Population (%)
• Figure 3-1: Insurance Premium (Trillion VND), 2002-2008
• Figure 3-2: Share of Life and Non-life Insurance Premium (2008)
• Figure 3-3: Forecast for Insurance Premium (Trillion VND), 2009-2013
• Figure 3-4: Insurance Claims Paid (Trillion VND), 2006-2008
• Figure 4-1: Life Insurance Premium (Trillion VND), 2005-2008
• Figure 4-2: Share of Key Insurance Players in Life Insurance Premium (2008)
• Figure 4-3: Forecast for Life Insurance Premium (Trillion VND), 2009-2013
• Figure 4-4: Life Insurance Premium by Business Line (%), 2008
• Figure 4-5: Whole Life Insurance Premium (Billion VND), 2005 & 2008
• Figure 4-6: Pure Endowment Insurance Premium (Billion VND), 2005 & 2008
• Figure 4-7: Term Insurance Premium (Billion VND), 2005 & 2008
• Figure 4-8: Endowment Insurance Premium (Billion VND), 2005 & 2008
• Figure 4-9: Annuity Insurance Premium (Billion VND), 2005 & 2008
• Figure 4-10: Insurance Premium written under Rider (Billion VND), 2005 & 2008
• Figure 4-11: Non-life Insurance Premium (Trillion VND), 2005-2008
• Figure 4-12: Share of Key Insurance Players in Non-life Insurance Premium (2008)
• Figure 4-13: Forecast for Non-life Insurance Premium (Trillion VND), 2009-2013
• Figure 4-14: Non-life Insurance Premium by Business Line (%), 2008
• Figure 4-15: Net Retained Non-life Insurance Premium by Business Line (%), 2006
• Figure 4-16: Motor Insurance Premium (Billion VND), 2005-2008
• Figure 4-17: Forecast for Motor Insurance Premium (Billion VND), 2009-2013
• Figure 4-18: Property and Casualty Insurance Premium (Billion VND), 2005-2008
• Figure 4-19: Forecast for Property and Casualty Insurance Premium (Billion VND), 2009-2013
• Figure 4-20: Personal Accident and Health Insurance Premium (Billion VND), 2005-2008
• Figure 4-21: Forecast for Personal Accident and Health Insurance Premium (Billion VND), 2009-2013
• Figure 4-22: Fire Insurance Premium (Billion VND), 2005-2008
• Figure 4-23: Forecast for Fire Insurance Premium (Billion VND), 2009-2013
• Figure 4-24: Cargo, Hull and P&I Insurance Premium (Billion VND), 2005-2008
• Figure 4-25: Forecast for Cargo, Hull and P&I Insurance Premium (Billion VND), 2009-2013
• Figure 4-26: Aviation Insurance Premium (Billion VND), 2005-2008
• Figure 4-27: Forecast for Aviation Insurance Premium (Billion VND), 2009-2013
• Figure 4-28: Non-life Insurance Premium Arranged by Insurance Brokers (Billion VND), 2005-2008
• Figure 4-29: Non-life Insurance Premium of Brokers by Business Line (%), 2006
• Figure 4-30: Insurance Brokerage Commission by Business Line (%), 2006
• Figure 4-31: Number of Insurance Agents (2005 & 2007)
• Figure 4-32: Share of Agents in Life and Non-life Insurance Industry (%), 2006
• Figure 5-1: Forecast for Passenger Cars Registration (‘000 Units), 2009-2013

List of Table:

• Table 3-1: Number of Insurance Companies by Category