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Synopsis
Timetric's 'Life Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Vietnamese life insurance segment, and a comparison of the Vietnamese insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Vietnamese economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Summary
Timetric's 'Life Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Vietnamese life insurance segment, including:
An overview of the Vietnamese life insurance segment
The Vietnamese life insurance segment's growth prospects by category
A comprehensive overview of the Vietnamese economy and demographics
A comparison of the Vietnamese life insurance segment with its regional counterparts
The various distribution channels in the Vietnamese life insurance segment
Details of the competitive landscape in the life insurance segment in Vietnam
Details of regulatory policy applicable to the Vietnamese insurance industry
Scope
This report provides a comprehensive analysis of the life insurance segment in Vietnam:
It provides historical values for the Vietnamese life insurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.
It offers a detailed analysis of the key categories in the Vietnamese life insurance segment, and market forecasts to 2020.
It provides a comparison of the Vietnamese life insurance segment with its regional counterparts
It analyzes the various distribution channels for life insurance products in Vietnam.
It profiles the top life insurance companies in Vietnam and outlines the key regulations affecting them.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Vietnamese life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese life insurance segment.
Assess the competitive dynamics in the life insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Vietnamese insurance industry, and their impact on companies and the industry's future.
Key Highlights
The government issued Decree No. 73/2016/ND-CP on implementation and amendments to certain articles of the Law on Insurance Business, effective July 1, 2016.
In October 2013, the Vietnamese government implemented a new regulatory framework for voluntary pension insurance.
Effective August 2012, investment-linked products (ILPs) were introduced in Vietnam. The MoF introduced new provisions for universal life insurance products, effective from June 1, 2016.
According to Circular 86 issued in July 2014, the Ministry of Finance (MoF) and the State Bank of Vietnam introduced new bancassurance rules for life insurers, effective September 2014.
The number of life insurers operating in Vietnam increased from 14 in 2012 to 18 in 2016