New market study, "Vietnam Insurance Report Q4 2010", has been published

Oct. 15, 2010 - PRLog -- Writing in August 2010, we have been able to include final data for 2009 and to amend projections for the current year in order to take into account of results for H110 that have actually been released by major cross-border insurers in the Asia-Pacific. Total insurance premiums in Vietnam in 2009 amounted to VND25,478,635mn. This included non-life premiums of VND13,643,961mn and life premiums of VND11,834,674mn. In 2014, we estimate that the corresponding figures will be VND63,153,300mn, VND29,761,875mn and VND33,391,425mn. In terms of the key drivers that underpin our forecasts, we are looking for non-life penetration to rise from 0.84% of GDP in 2009 to 1.10% in 2014. We envisage that life density will increase from US$8 per capita in 2009 to US$19 in 2014. BMI's proprietary Insurance Business Environment Rating for Vietnam is 44.2 out of 100.

As was the case in previous quarters, 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.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/87985_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
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 Activity
- Vietnam - Economic Activity
- Domestic Politics
- Long-Term Political Outlook
- Challenges and Threats to Stability
- Scenarios for Political Change
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
BMI Methodology
- Insurance Business Environment Ratings
- Table: Insurance Business Environment Indicators And Rationale
- Table: Weighting Of Indicators

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.