Life Insurance in Vietnam, Key Trends and Opportunities to 2019

Life Insurance in Vietnam, Key Trends and Opportunities to 2019

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

4 Economy and Demographics

5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual general annuity insurance
5.5.3 Individual pension insurance
5.5.4 Individual endowment insurance
5.5.5 Individual term life insurance
5.5.6 Individual supplementary insurance
5.5.7 Other individual life insurance
5.6 Life Insurance Growth Prospects by Product Type
5.6.1 Individual single-premium insurance
5.6.2 Individual non-single-premium insurance
5.6.3 Total linked insurance business
5.6.4 Total non-linked insurance business

6 Analysis by Distribution Channel
6.1 Bancassurance
6.2 Agencies

7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Vietnamese Life Insurance Segment
7.2.1 Cong ty TNHH Bao hiem nhan tho Prudential VietNam – company overview
7.2.2 Tong Cong ty Bao Viet Nhan tho – company overview
7.2.3 Cong ty TNHH Manulife (Viet Nam) – company overview
7.2.4 Cong ty bao hiem nhan tho Dai-ichi Viet Nam – company overview
7.2.5 Cong ty Bao hiem Nhan tho AIA Viet Nam – company overview
7.2.6 Cong ty TNHH Bao Hiem Nhan Tho Ace – company overview
7.2.7 Bao hiem Hanwha Life Viet Nam – company overview
7.2.8 Cong ty TNHH Bao Hiem Nhan Tho Prévoir Viet Nam – company overview
7.2.9 Cong ty bao hiem nhan tho Generali Viet Nam – company overview
7.2.10 Cong ty TNHH Bao Hiem Nhan Tho PVI Sun Life – company overview

8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Aviation third-party liability insurance
8.4.3 Social insurance
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 Ministry of Finance
8.5.3 Insurance Supervisory Authority
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a domestic company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)

9 Appendix
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric’s Services
9.4 Disclaimer

List of Tables

Table 1: Vietnamese Life Insurance Segment – Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Vietnamese Government Credit Ratings
Table 4: Vietnamese Life Insurance – Gross Written Premium by Category (VND Billion), 2010–2014
Table 5: Vietnamese Life Insurance – Gross Written Premium by Category (US$ Million), 2010–2014
Table 6: Vietnamese Life Insurance – Gross Written Premium by Category (VND Billion), 2014–2019
Table 7: Vietnamese Life Insurance – Gross Written Premium by Category (US$ Million), 2014–2019
Table 8: Vietnamese Life Insurance – New Business Direct Written Premium (VND Trillion), 2010–2014
Table 9: Vietnamese Life Insurance – New Business Direct Written Premium (VND Trillion), 2014–2019
Table 10: Vietnamese Life Insurance – Net Earned Premium (VND Trillion), 2010–2014
Table 11: Vietnamese Life Insurance – Net Earned Premium (VND Trillion), 2014–2019
Table 12: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2010–2014
Table 13: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2014–2019
Table 14: Vietnamese Life Insurance – Paid Claims (VND Trillion), 2010–2014
Table 15: Vietnamese Life Insurance – Paid Claims (VND Trillion), 2014–2019
Table 16: Vietnamese Life Insurance – Incurred Loss (VND Trillion), 2010–2014
Table 17: Vietnamese Life Insurance – Incurred Loss (VND Trillion), 2014–2019
Table 18: Vietnamese Life Insurance – Number of Policies per Capita, 2010–2014
Table 19: Vietnamese Life Insurance – Number of Policies per Capita, 2014–2019
Table 20: Vietnamese Life Insurance – Commissions and Expenses (VND Trillion), 2010–2014
Table 21: Vietnamese Life Insurance – Commissions and Expenses (VND Trillion), 2014–2019
Table 22: Vietnamese Life Insurance – Net Written Premium (% of GWP), 2010–2014
Table 23: Vietnamese Life Insurance – Net Written Premium (% of GWP), 2014–2019
Table 24: Vietnamese Life Insurance – Renewal Business Direct Written Premium (VND Trillion), 2010–2014
Table 25: Vietnamese Life Insurance – Renewal Business Direct Written Premium (VND Trillion), 2014–2019
Table 26: Vietnamese Life Insurance – Total Assets (VND Trillion), 2010–2014
Table 27: Vietnamese Life Insurance – Total Assets (VND Trillion), 2014–2019
Table 28: Vietnamese Life Insurance – Total Investment Income (VND Trillion), 2010–2014
Table 29: Vietnamese Life Insurance – Total Investment Income (VND Trillion), 2014–2019
Table 30: Vietnamese Life Insurance – Net Written Premium (VND Trillion), 2010–2014
Table 31: Vietnamese Life Insurance – Net Written Premium (VND Trillion), 2014–2019
Table 32: Vietnamese Individual Life Insurance – Gross Written Premium by Category (VND Billion), 2010–2014
Table 33: Vietnamese Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2010–2014
Table 34: Vietnamese Individual Life Insurance – Gross Written Premium by Category (VND Billion), 2014–2019
Table 35: Vietnamese Individual Life Insurance – Gross Written Premium by Category (US$ Million), 2014–2019
Table 36: Vietnamese Individual Life Insurance – Direct Written Premium by Category (VND Billion), 2010–2014
Table 37: Vietnamese Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2010–2014
Table 38: Vietnamese Individual Life Insurance – Direct Written Premium by Category (VND Billion), 2014–2019
Table 39: Vietnamese Individual Life Insurance – Direct Written Premium by Category (US$ Million), 2014–2019
Table 40: Vietnamese Individual Life Insurance – Policies by Category (Thousand), 2010–2014
Table 41: Vietnamese Individual Life Insurance – Policies by Category (Thousand), 2014–2019
Table 42: Vietnamese Individual Whole Life Insurance – Number of Active Policies (Thousand), 2010–2014
Table 43: Vietnamese Individual Whole Life Insurance – Number of Active Policies (Thousand), 2014–2019
Table 44: Vietnamese Individual Whole Life Insurance – Direct Written Premium (VND Billion), 2010–2014
Table 45: Vietnamese Individual Whole Life Insurance – Direct Written Premium (VND Billion), 2014–2019
Table 46: Vietnamese Individual General Annuity Insurance – Number of Active Policies (Thousand), 2010–2014
Table 47: Vietnamese Individual General Annuity Insurance – Number of Active Policies (Thousand), 2014–2019
Table 48: Vietnamese Individual General Annuity Insurance – Direct Written Premium (VND Billion), 2010–2014
Table 49: Vietnamese Individual General Annuity Insurance – Direct Written Premium (VND Billion), 2014–2019
Table 50: Vietnamese Individual Pension Insurance – Number of Active Policies (Thousand), 2010–2014
Table 51: Vietnamese Individual Pension Insurance – Number of Active Policies (Thousand), 2014–2019
Table 52: Vietnamese Individual Pension Insurance – Direct Written Premium (VND Billion), 2010–2014
Table 53: Vietnamese Individual Pension Insurance – Direct Written Premium (VND Billion), 2014–2019
Table 54: Vietnamese Individual Endowment Insurance – Number of Active Policies (Thousand), 2010–2014
Table 55: Vietnamese Individual Endowment Insurance – Number of Active Policies (Thousand), 2014–2019
Table 56: Vietnamese Individual Endowment Insurance – Direct Written Premium (VND Trillion), 2010–2014
Table 57: Vietnamese Individual Endowment Insurance – Direct Written Premium (VND Trillion), 2014–2019
Table 58: Vietnamese Individual Term Life Insurance – Number of Active Policies (Thousand), 2010–2014
Table 59: Vietnamese Individual Term Life Insurance – Number of Active Policies (Million), 2014–2019
Table 60: Vietnamese Individual Term Life Insurance – Direct Written Premium (VND Billion), 2010–2014
Table 61: Vietnamese Individual Term Life Insurance – Direct Written Premium (VND Billion), 2014–2019
Table 62: Vietnamese Individual Supplementary Insurance – Number of Active Policies (Million), 2010–2014
Table 63: Vietnamese Individual Supplementary Insurance – Number of Active Policies (Million), 2014–2019
Table 64: Vietnamese Individual Supplementary Insurance – Direct Written Premium (VND Trillion), 2010–2014
Table 65: Vietnamese Individual Supplementary Insurance – Direct Written Premium (VND Trillion), 2014–2019
Table 66: Vietnamese Other Individual Life Insurance – Number of Active Policies (Million), 2010–2014
Table 67: Vietnamese Other Individual Life Insurance – Number of Active Policies (Million), 2014–2019
Table 68: Vietnamese Other Individual Life Insurance – Direct Written Premium (VND Trillion), 2010–2014
Table 69: Vietnamese Other Individual Life Insurance – Direct Written Premium (VND Trillion), 2014–2019
Table 70: Vietnamese Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2010–2014
Table 71: Vietnamese Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2014–2019
Table 72: Vietnamese Individual Single-Premium Insurance – Gross Written Premium (VND Billion), 2010–2014
Table 73: Vietnamese Individual Single-Premium Insurance – Gross Written Premium (VND Billion), 2014–2019
Table 74: Vietnamese Individual Single-Premium Insurance – Direct Written Premium (VND Billion), 2010–2014
Table 75: Vietnamese Individual Single-Premium Insurance – Direct Written Premium (VND Billion), 2014–2019
Table 76: Vietnamese Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2010–2014
Table 77: Vietnamese Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2014–2019
Table 78: Vietnamese Individual Non-Single-Premium Insurance – Gross Written Premium (VND Trillion), 2010–2014
Table 79: Vietnamese Individual Non-Single-Premium Insurance – Gross Written Premium (VND Trillion), 2014–2019
Table 80: Vietnamese Individual Non-Single-Premium Insurance – Direct Written Premium (VND Trillion), 2010–2014
Table 81: Vietnamese Individual Non-Single-Premium Insurance – Direct Written Premium (VND Trillion), 2014–2019
Table 82: Vietnamese Linked Insurance Business – Number of Active Policies (Million), 2010–2014
Table 83: Vietnamese Linked Insurance Business – Number of Active Policies (Million), 2014–2019
Table 84: Vietnamese Linked Insurance Business – Gross Written Premium (VND Trillion), 2010–2014
Table 85: Vietnamese Linked Insurance Business – Gross Written Premium (VND Trillion), 2014–2019
Table 86: Vietnamese Linked Insurance Business – Direct Written Premium (VND Trillion), 2010–2014
Table 87: Vietnamese Linked Insurance Business – Direct Written Premium (VND Billion), 2014–2019
Table 88: Vietnamese Non-Linked Insurance Business – Number of Active Policies (Million), 2010–2014
Table 89: Vietnamese Non-Linked Insurance Business – Number of Active Policies (Million), 2014–2019
Table 90: Vietnamese Non-Linked Insurance Business – Gross Written Premium (VND Trillion), 2010–2014
Table 91: Vietnamese Non-Linked Insurance Business – Gross Written Premium (VND Trillion), 2014–2019
Table 92: Vietnamese Non-Linked Insurance Business – Direct Written Premium (VND Trillion), 2010–2014
Table 93: Vietnamese Non-Linked Insurance Business – Direct Written Premium (VND Trillion), 2014–2019
Table 94: Vietnamese Life Insurance – Key Bancassurance Partnerships Formed, 2013–2015
Table 95: Vietnamese Life Insurance – Bancassurance Value of Commissions (VND Billion), 2010–2014
Table 96: Vietnamese Life Insurance – Bancassurance Value of Commissions (VND Billion), 2014–2019
Table 97: Vietnamese Life Insurance – Bancassurance New Business Direct Written Premium (VND Billion), 2010–2014
Table 98: Vietnamese Life Insurance – Bancassurance New Business Direct Written Premium (VND Billion), 2014–2019
Table 99: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2010–2014
Table 100: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2014–2019
Table 101: Vietnamese Life Insurance – Number of Banking Entities, 2010–2014
Table 102: Vietnamese Life Insurance – Number of Banking Entities, 2014–2019
Table 103: Vietnamese Life Insurance – Agencies’ Value of Commissions (VND Trillion), 2010–2014
Table 104: Vietnamese Life Insurance – Agencies’ Value of Commissions (VND Trillion), 2014–2019
Table 105: Vietnamese Life Insurance – Agencies’ New Business Direct Written Premium (VND Trillion), 2010–2014
Table 106: Vietnamese Life Insurance – Agencies’ New Business Direct Written Premium (VND Trillion), 2014–2019
Table 107: Vietnamese Life Insurance – New Policies Sold Through Agencies (Million), 2010–2014
Table 108: Vietnamese Life Insurance – New Policies Sold Through Agencies (Million), 2014–2019
Table 109: Vietnamese Life Insurance – Number of Insurance Agents, 2010–2014
Table 110: Vietnamese Life Insurance – Number of Insurance Agents, 2014–2019
Table 111: Vietnamese Life Insurance – Segment Shares (%), 2014
Table 112: Cong ty TNHH Bao hiem nhan tho Prudential VietNam – Key Facts
Table 113: Cong ty TNHH Bao hiem nhan tho Prudential VietNam – Key Financials (VND Trillion), 2010–20114
Table 114: Tong Cong ty Bao Viet Nhan tho – Key Facts
Table 115: Tong Cong ty Bao Viet Nhan tho – Key Financials (VND Trillion), 2010–2014
Table 116: Cong ty TNHH Manulife (Viet Nam)– Key Facts
Table 117: Cong ty TNHH Manulife (Viet Nam)– Key Financials (VND Trillion), 2010–2014
Table 118: Cong ty bao hiem nhan tho Dai-ichi Viet Nam – Key Facts
Table 119: Cong ty bao hiem nhan tho Dai-ichi Viet Nam – Key Financials (VND Trillion), 2010–2014
Table 120: Cong ty Bao hiem Nhan tho AIA Viet Nam– Key Facts
Table 121: Cong ty Bao hiem Nhan tho AIA Viet Nam – Key Financials (VND Trillion), 2010–2014
Table 122: Cong ty TNHH Bao Hiem Nhan Tho ACE – Key Facts
Table 123: Cong ty TNHH Bao Hiem Nhan Tho Ace – Key Financials (VND Billion), 2010–2014
Table 124: Bao hiem Hanwha Life Viet Nam – Key Facts
Table 125: Bao hiem Hanwha Life Viet Nam – Key Financials (VND Billion), 2010–2014
Table 126: Cong ty TNHH Bao Hiem Nhan Tho Prevoir Viet Nam – Key Facts
Table 127: Cong ty TNHH Bao Hiem Nhan Tho Prevoir Viet Nam – Key Financials (VND Billion), 2010–2014
Table 128: Cong ty bao hiem nhan tho Generali Viet Nam – Key Facts
Table 129: Cong ty bao hiem nhan tho Generali Viet Nam – Key Financials (VND Billion), 2010–2014
Table 130: Cong ty TNHH Bao Hiem Nhan Tho PVI Sun Life – Key Facts
Table 131: Cong ty TNHH Bao Hiem Nhan Tho PVI Sun Life – Key Financials (VND Billion), 2010–2014
Table 132: Vietnam – Insurance Regulatory Framework Key Features
Table 133: Vietnam – Life Insurance Regulatory Framework
Table 134: Vietnam – Property Insurance Regulatory Framework
Table 135: Vietnam – Motor Insurance Regulatory Framework
Table 136: Vietnam – Liability Insurance Regulatory Framework
Table 137: Vietnam – Minimum Capital Requirements
Table 138: Vietnam – Corporate Tax Rates for the Financial Year 2015

List of Figures

Figure 1: Vietnamese Real GDP (VND Trillion), 2010–2019
Figure 2: VND – US$ Exchange Rate, 2010–2019
Figure 3: Vietnamese Consumer Price Inflation (%), 2010–2019
Figure 4: Vietnamese Current Account Balance as Percentage of GDP (%), 2009–2013
Figure 5: Vietnamese Unemployment Rate (%), 2010–2019
Figure 6: Vietnamese Population by Age Group (Million), 1990–2025
Figure 7: Vietnamese Life Insurance – Gross Written Premium by Category (VND Billion), 2010–2019
Figure 8: Vietnamese Life Insurance – Gross Written Premium by Category (% Share), 2014 and 2019
Figure 9: Vietnamese Life Insurance – Gross Written Premium Dynamics by Segment (2010–2019)
Figure 10: Vietnamese Life Insurance – New Business Direct Written Premium (VND Trillion), 2010–2014
Figure 11: Vietnamese Life Insurance – New Business Direct Written Premium (VND Trillion), 2014–2019
Figure 12: Vietnamese Life Insurance – Net Earned Premium (VND Trillion), 2010–2014
Figure 13: Vietnamese Life Insurance – Net Earned Premium (VND Trillion), 2014–2019
Figure 14: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2010–2014
Figure 15: Vietnamese Life Insurance – Sum Assured (VND Trillion), 2014–2019
Figure 16: Vietnamese Life Insurance – Paid Claims (VND Trillion), 2010–2014
Figure 17: Vietnamese Life Insurance – Paid Claims (VND Trillion), 2014–2019
Figure 18: Vietnamese Life Insurance – Incurred Loss (VND Trillion), 2010–2014
Figure 19: Vietnamese Life Insurance – Incurred Loss (VND Trillion), 2014–2019
Figure 20: Vietnamese Life Insurance – Number of Policies per Capita, 2010–2014
Figure 21: Vietnamese Life Insurance – Number of Policies per Capita, 2014–2019
Figure 22: Vietnamese Life Insurance – Commissions and Expenses (VND Trillion), 2010–2014
Figure 23: Vietnamese Life Insurance – Commissions and Expenses (VND Trillion), 2014–2019
Figure 24: Vietnamese Life Insurance – Net Written Premium (% of GWP), 2010–2014
Figure 25: Vietnamese Life Insurance – Net Written Premium (% of GWP), 2014–2019
Figure 26: Vietnamese Life Insurance – Renewal Business Direct Written Premium (VND Trillion), 2010–2014
Figure 27: Vietnamese Life Insurance – Renewal Business Direct Written Premium (VND Trillion), 2014–2019
Figure 28: Vietnamese Life Insurance – Total Assets (VND Trillion), 2010–2014
Figure 29: Vietnamese Life Insurance – Total Assets (VND Trillion), 2014–2019
Figure 30: Vietnamese Life Insurance – Total Investment Income (VND Trillion), 2010–2014
Figure 31: Vietnamese Life Insurance – Total Investment Income (VND Trillion), 2014–2019
Figure 32: Vietnamese Life Insurance – Net Written Premium (VND Trillion), 2010–2014
Figure 33: Vietnamese Life Insurance – Net Written Premium (VND Trillion), 2014–2019
Figure 34: Vietnamese Life Insurance – Investment Portfolio (VND Trillion), 2010–2014
Figure 35: Vietnamese Life Insurance – Investment Portfolio, 2010 and 2014
Figure 36: Vietnamese Life Insurance – Penetration (Ratio of Direct Premium to GDP), 2010–2014
Figure 37: Vietnamese Life Insurance – Density (Direct Premium per Capita) (Thousands), 2010–2014
Figure 38: Vietnamese Life Insurance – Number of Active Policies (Million), 2010–2014
Figure 39: Vietnamese Life Insurance – Number of Active Policies (Million), 2014–2019
Figure 40: Vietnamese Life Insurance – Number of New Policies Sold (Thousand), 2010–2014
Figure 41: Vietnamese Life Insurance – Number of New Policies Sold (Thousand), 2014–2019
Figure 42: Vietnamese Life Insurance – Total Investments (VND Trillion), 2010–2014
Figure 43: Vietnamese Individual Life Insurance – Gross Written Premium by Category (VND Billion), 2010–2019
Figure 44: Vietnamese Individual Life Insurance – Gross Written Premium by Category (% Share), 2014 and 2019
Figure 45: Vietnamese Individual Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019
Figure 46: Vietnamese Individual Life Insurance – Direct Written Premium by Category (VND Billion), 2010–2019
Figure 47: Vietnamese Individual Life Insurance – Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 48: Vietnamese Individual Life Insurance – Direct Written Premium Dynamics by Category, 2010–2019
Figure 49: Vietnamese Individual Life Insurance – Policies by Category (Thousand), 2010–2019
Figure 50: Vietnamese Individual Life Insurance – Policies by Category (% Share), 2014 and 2019
Figure 51: Vietnamese Individual Life Insurance – Policies Dynamics by Category, 2010–2019
Figure 52: Vietnamese Individual Whole Life Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 53: Vietnamese Individual Whole Life Insurance – Number of Active Policies (Thousand), 2014–2019
Figure 54: Vietnamese Individual Whole Life Insurance – Direct Written Premium (VND Billion), 2010–2014
Figure 55: Vietnamese Individual Whole Life Insurance – Direct Written Premium (VND Billion), 2014–2019
Figure 56: Vietnamese Individual General Annuity Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 57: Vietnamese Individual General Annuity Insurance – Number of Active Policies (Thousand), 2014–2019
Figure 58: Vietnamese Individual General Annuity Insurance – Direct Written Premium (VND Billion), 2010–2014
Figure 59: Vietnamese Individual General Annuity Insurance – Direct Written Premium (VND Billion), 2014–2019
Figure 60: Vietnamese Individual Pension Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 61: Vietnamese Individual Pension Insurance – Number of Active Policies (Thousand), 2014–2019
Figure 62: Vietnamese Individual Pension Insurance – Direct Written Premium (VND Billion), 2010–2014
Figure 63: Vietnamese Individual Pension Insurance – Direct Written Premium (VND Billion), 2014–2019
Figure 64: Vietnamese Individual Endowment Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 65: Vietnamese Individual Endowment Insurance – Number of Active Policies (Thousand), 2014–2019
Figure 66: Vietnamese Individual Endowment Insurance – Direct Written Premium (VND Trillion), 2010–2014
Figure 67: Vietnamese Individual Endowment Insurance – Direct Written Premium (VND Trillion), 2014–2019
Figure 68: Vietnamese Individual Term Life Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 69: Vietnamese Individual Term Life Insurance – Number of Active Policies (Million), 2014–2019
Figure 70: Vietnamese Individual Term Life Insurance – Direct Written Premium (VND Billion), 2010–2014
Figure 71: Vietnamese Individual Term Life Insurance – Direct Written Premium (VND Billion), 2014–2019
Figure 72: Vietnamese Individual Supplementary Insurance – Number of Active Policies (Million), 2010–2014
Figure 73: Vietnamese Individual Supplementary Insurance – Number of Active Policies (Million), 2014–2019
Figure 74: Vietnamese Individual Supplementary Insurance – Direct Written Premium (VND Trillion), 2010–2014
Figure 75: Vietnamese Individual Supplementary Insurance – Direct Written Premium (VND Trillion), 2014–2019
Figure 76: Vietnamese Other Individual Life Insurance – Number of Active Policies (Million), 2010–2014
Figure 77: Vietnamese Other Individual Life Insurance – Number of Active Policies (Million), 2014–2019
Figure 78: Vietnamese Other Individual Life Insurance – Direct Written Premium (VND Trillion), 2010–2014
Figure 79: Vietnamese Other Individual Life Insurance – Direct Written Premium (VND Trillion), 2014–2019
Figure 80: Vietnamese Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 81: Vietnamese Individual Single-Premium Insurance – Number of Active Policies (Thousand), 2014–2019
Figure 82: Vietnamese Individual Single-Premium Insurance – Gross Written Premium (VND Billion), 2010–2014
Figure 83: Vietnamese Individual Single-Premium Insurance – Gross Written Premium (VND Billion), 2014–2019
Figure 84: Vietnamese Individual Single-Premium Insurance – Direct Written Premium (VND Billion), 2010–2014
Figure 85: Vietnamese Individual Single-Premium Insurance – Direct Written Premium (VND Billion), 2014–2019
Figure 86: Vietnamese Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2010–2014
Figure 87: Vietnamese Individual Non-Single-Premium Insurance – Number of Active Policies (Thousand), 2014–2019
Figure 88: Vietnamese Individual Non-Single-Premium Insurance – Gross Written Premium (VND Trillion), 2010–2014
Figure 89: Vietnamese Individual Non-Single-Premium Insurance – Gross Written Premium (VND Trillion), 2014–2019
Figure 90: Vietnamese Individual Non-Single-Premium Insurance – Direct Written Premium (VND Trillion), 2010–2014
Figure 91: Vietnamese Individual Non-Single-Premium Insurance – Direct Written Premium (VND Trillion), 2014–2019
Figure 92: Vietnamese Linked Insurance Business – Number of Active Policies (Million), 2010–2014
Figure 93: Vietnamese Linked Insurance Business – Number of Active Policies (Million), 2014–2019
Figure 94: Vietnamese Linked Insurance Business – Gross Written Premium (VND Trillion), 2010–2014
Figure 95: Vietnamese Linked Insurance Business – Gross Written Premium (VND Trillion), 2014–2019
Figure 96: Vietnamese Linked Insurance Business – Direct Written Premium (VND Trillion), 2010–2014
Figure 97: Vietnamese Linked Insurance Business – Direct Written Premium (VND Trillion), 2014–2019
Figure 98: Vietnamese Non-Linked Insurance Business – Number of Active Policies (Million), 2010–2014
Figure 99: Vietnamese Non-Linked Insurance Business – Number of Active Policies (Million), 2014–2019
Figure 100: Vietnamese Non-Linked Insurance Business – Gross Written Premium (VND Trillion), 2010–2014
Figure 101: Vietnamese Non-Linked Insurance Business – Gross Written Premium (VND Trillion), 2014–2019
Figure 102: Vietnamese Non-Linked Insurance Business – Direct Written Premium (VND Trillion), 2010–2014
Figure 103: Vietnamese Non-Linked Insurance Business – Direct Written Premium (VND Trillion), 2014–2019
Figure 104: Vietnamese Life Insurance – New Business Gross Written Premium by Distribution Channel (% Share), 2014 and 2019
Figure 105: Vietnamese Life Insurance – Bancassurance Value of Commissions (VND Billion), 2010–2014
Figure 106: Vietnamese Life Insurance – Bancassurance Value of Commissions (VND Billion), 2014–2019
Figure 107: Vietnamese Life Insurance – Bancassurance New Business Direct Written Premium (VND Billion), 2010–2014
Figure 108: Vietnamese Life Insurance – Bancassurance New Business Direct Written Premium (VND Billion), 2014–2019
Figure 109: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2010–2014
Figure 110: Vietnamese Life Insurance – New Policies Sold Through Bancassurance (Thousand), 2014–2019
Figure 111: Vietnamese Life Insurance – Number of Banking Entities, 2010–2014
Figure 112: Vietnamese Life Insurance – Number of Banking Entities, 2014–2019
Figure 113: Vietnamese Life Insurance – Agencies’ Value of Commissions (VND Trillion), 2010–2014
Figure 114: Vietnamese Life Insurance – Agencies’ Value of Commissions (VND Trillion), 2014–2019
Figure 115: Vietnamese Life Insurance – Agencies’ New Business Direct Written Premium (VND Trillion), 2010–2014
Figure 116: Vietnamese Life Insurance – Agencies’ New Business Direct Written Premium (VND Trillion), 2014–2019
Figure 117: Vietnamese Life Insurance – New Policies Sold Through Agencies (Million), 2010–2014
Figure 118: Vietnamese Life Insurance – New Policies Sold Through Agencies (Million), 2014–2019
Figure 119: Vietnamese Life Insurance – Number of Insurance Agents, 2010–2014
Figure 120: Vietnamese Life Insurance – Number of Insurance Agents, 2014–2019
Figure 121: Vietnamese Life Insurance – Segment Shares (%), 2014
Figure 122: Vietnam – Insurance Supervision and Control at Various Levels
Figure 123: Vietnam – Insurance Regulatory Frameworks for Company Registration and Operation

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Universal life (UL) insurance is permanent life insurance with an investment savings component. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technological advancements, new product launches, and market capital f......

Global Term Life Insurance Market Status and Outlook 2023-2028

Published: 16-Feb-2023        Price: US 3160 Onwards        Pages: 129

Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) data for each segment and sub-segment. This way, clients can achieve all their goals while taking advantage of emerging opportunities. Technolog......

Global Permanent Life Insurance Market Status and Outlook 2023-2028

Published: 13-Feb-2023        Price: US 3160 Onwards        Pages: 124

Permanent life insurance is an umbrella term for life insurance policies that do not expire. Typically, permanent life insurance combines a death benefit with a savings portion. Whole life insurance offers coverage for the full lifetime of the insured, and its savings can grow at a guaranteed rate. Our market research experts provide qualitative and quantitative analysis of the market based on involving economic and non-economic factors in the same report with market value (million USD) d......

Global Life Insurance Market Research Report 2023

Published: 06-Feb-2023        Price: US 2900 Onwards        Pages: 109

Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder typically pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expense......

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