New market study, "Vietnam Insurance Report Q3 2010", has been published

July 1, 2010 - PRLog -- As was the case in Q2, we provide a ranking of the major players in each of the two main segments - as they are seen by the organisation providing the data (which is usually the regulator or the trade association). In China, for instance, the three largest non-life companies in H109, in terms of gross written premiums, were Bao Viet, PVI and Bao Minh, whose market shares were 30.3%, 27.6% and 16.5% respectively. In the life segment, the leaders in H109 were Prudential, Bao Viet and Manulife, with market shares of 39.7%, 32.9% and 10.3% respectively. We emphasise though that a decline in share of gross written premiums is not automatically a bad thing and is often the result of a deliberate corporate decision to focus on more profitable business lines.

In this report, we also provide a breakdown of the insurance sector by line, from the point of view of the regulator or the trade association. Motor vehicle insurance accounted for less than a third of the non-life segment in H109. Shipping/hull insurance was the next largest line, accounting for just over 10% of nonlife premiums.

We estimate total premiums in 2009 of VND24,610,383mn. This includes non-life premiums of VND13,500,224mn and life premiums of VND11,110,159mn. In 2014, the corresponding figures should be VND58,451,796mn, VND27,449,700mn and VND31,002,096mn respectively. In terms of the key drivers that underpin our forecasts, we expect non-life penetration to rise from 0.83% in 2009 to 1.01% in 2014, and for life density to increase from US$7.10 per capita to US$17.57. BMI's Insurance Business Environment Rating for Vietnam is 44.2.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/71619_vietnam_insurance_report...

Report Table of Contents:

Executive Summary
- Table: Overview Of Vietnam's Insurance Sector
- Key Insights On Vietnam's Insurance Sector
SWOT Analysis
- Vietnam Insurance Industry SWOT
- Vietnam Political SWOT
- Vietnam Economic SWOT
- Vietnam Business Environment SWOT
Prudential's Acquisition Of AIA
- Editor's Note
- Table: AIG's Asset Sales
- Tale: AIA - Key Facts
- Table: AIA's Market Positions
- Table: The Combined Group - Latest Rankings In Asia Pacific Life Insurance
- Table: Key Features Of Prudential plc's Proposed Acquisition Of AIA
- Table: Asia Highlights Of Prudential plc's 2009 Annual Report
- Table: Prudential plc's New Business In Annualised Premium Equivalent, 2009
- Table: Asia Pacific Life Insurance Markets At A Glance1
- Table: Global Life Insurance Profitability - Selected Figures
- Table: Who's Who - Life Insurance Joint Ventures And Businesses In India And China
MetLife's Acquisition Of ALICO
- Table: ALICO At A Glance
- Table: ALICO's Pre-Tax Profits By Segment And Region Contribution, Year To November 30 2009 (%)
- Table: ALICO - A Market Leader In Japan
- Table: MetLife's Acquisition Of ALICO
- Table: MetLife And ALICO Combined
Asia Pacific Overview
- Table: Asia Pacific Non-Life Markets At A Glance, 2008-2010
- Table: Asia Pacific Life Markets At A Glance, 2008-2010
Projections And Forecasts
- Table: Insurance Premiums, 2007-2014
- Projections And Drivers Of Growth
- Table: Growth Drivers, 2007-2014
Country Update
- Economic Outlook
- Table: Vietnam Economic Activity, 2007-2014
- Political Overview
- Foreign Policy
- Long-Term Political Outlook
Insurance Business Environment Rating
- Table: Vietnam's Insurance Business Environment Indicators
- Table: Asia Pacific Insurance Business Environment Ratings
Regional Context
- Table: Non-Life Premiums In A Regional Context, 2008
- Table: Life Premiums In A Regional Context, 2008
Major Players In Vietnam's Insurance Sector
- Table: Non-Life Segment By Lines, H109 (VNDmn)
- Table: Life Segment By Lines, H109 (VNDmn)
- Table: Leading Non-Life Companies By Gross Written Premiums, H109 (VNDmn)
- Table: Leading Life Companies By Gross Written Premiums, H109 (VNDmn)
- Analysis Of Regional Competitive Conditions
Local Company Profiles
- Bao Minh
- Bao Viet
- PJICO
Regional Company Profiles
- AEGON
- Allianz
- Aviva
- AXA
- Cardif
- Fortis
- Generali
- Groupama
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife
- Prudential Financial
- Prudential Plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services
Country Snapshot: Vietnam Demographic Data
- Section 1: Population
- Table: Demographic Indicators, 2005-2030
- Table: Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Table: Education, 2002-2005
- Table: Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Table: Employment Indicators, 1999-2004
- Table: Consumer Expenditure, 2000-2012 (US$)
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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