Home > > > > > Report Detail

Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020

Publisher Name :
Date: 31-Mar-2017
No. of pages: 100
Inquire Before Buying

Synopsis

Timetric's 'Personal Accident and Health 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, combined ratio, 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 'Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Vietnamese personal accident and health insurance segment, including:

• An overview of the Vietnamese personal accident and health insurance segment

• The Vietnamese personal accident and health insurance segment's growth prospects by category

• A comprehensive overview of the Vietnamese economy and demographics

• A comparison of the Vietnamese personal accident and health insurance segment with its regional counterparts

• The various distribution channels in the Vietnamese personal accident and health insurance segment

• Details of the competitive landscape in the personal accident and health insurance segment in Vietnam

• Details of regulatory policy applicable to the Vietnamese insurance industry

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Vietnam:

• It provides historical values for the Vietnamese personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2020.

• It provides a comparison of the Vietnamese personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in Vietnam.

• It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Vietnamese personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health 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 revised Law on Social Insurance came into effect from January 1, 2016.

• The government issued Decree No. 73/2016/ND-CP on implementation and amendments to certain articles of the Law on Insurance Business, which came into effect from July 1, 2016.

• Effective from January 2015, National Assembly issued Law No. 46/2014/QH11 making it compulsory for all Vietnamese citizens including employees, workers, army and police force, and dependents to participate in the National Health Insurance (NHI) program.

• Effective from July 2016, the New Penal Code criminalizes insurance fraud and holds both violating individuals and commercial legal entities liable. In June 2016, government introduced health insurance medical information system, with an objective to ensure transparency and prevent insurance fraud.

Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2020

Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross Written Premium and Penetration
4.2.2 Claims
4.2.3 Profitability
4.2.4 Assets and Investments
5 Distribution Channel Outlook
6 Competitive Landscape
6.1 Company Profiles
6.1.1 T?p ?oàn B?o Vi?t - Company Overview
6.1.2 T?ng Công ty C? ph?n B?o Minh - Company Overview
6.1.3 Công ty C? ph?n PVI - Company Overview
6.1.4 Công ty C? ph?n BH NH Nông Nghi?p Vi?t Nam - Company Overview
6.1.5 T?ng Công ty C? Ph?n B?o Hi?m B?u ?i?n - Company Overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulation
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Aviation liability insurance
7.4.3 Fire and explosion insurance for high risk establishments
7.4.4 Social insurance
7.4.5 Construction insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 Ministry of Finance
7.5.3 Insurance Supervisory Authority
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and Penalties
7.7 Company Registration and Operations
7.7.1 Type of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margin
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution
8 Databook
8.1 Policies and Premium
8.1.1 Claims and Expenses
8.1.2 Assets and Investments
9 Definitions and Methodology
9.1 Definitions
9.2 Methodology
10 About Timetric
10.1 Contact Timetric
10.2 About Timetric
10.3 Timetric's Services
10.4 Disclaimer


List of Tables
Table 1: Vietnamese Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Vietnamese Personal Accident and Health Insurance -Top Insurers, 2015
Table 3: Vietnamese Government Credit Ratings
Table 4: Vietnamese Personal Accident and Health Insurance - Gross Written Premium (VND Trillion and US$ Million), 2011-2015
Table 5: Vietnamese Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: Vietnamese Personal Accident and Health Insurance - Gross Written Premium (VND Trillion and US$ Million), 2015-2020
Table 7: Vietnamese Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: Vietnamese Personal Accident and Health Insurance - Premium per Capita (VND and US$), 2011-2015
Table 9: Vietnamese Personal Accident and Health Insurance - Premium per Capita (VND and US$), 2015-2020
Table 10: Vietnamese Personal Accident and Health Insurance - Paid Claims (VND Trillion and US$ Million), 2011-2015
Table 11: Vietnamese Personal Accident and Health Insurance - Paid Claims (VND Trillion and US$ Million), 2015-2020
Table 12: Vietnamese Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 13: Vietnamese Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 14: Vietnamese Personal Accident and Health Insurance - Total Assets (VND Trillion and US$ Million), 2011-2015
Table 15: Vietnamese Personal Accident and Health Insurance - Total Assets (VND Trillion and US$ Million), 2015-2020
Table 16: Vietnamese Personal Accident and Health Insurance - Total Investment Income (VND Billion and US$ Million), 2011-2015
Table 17: Vietnamese Personal Accident and Health Insurance - Total Investment Income (VND Billion and US$ Million), 2015-2020
Table 18: Vietnamese Personal Accident and Health Insurance - Investment Portfolio (VND Billion), 2011-2015
Table 19: Vietnamese Personal Accident and Health Insurance - Investment Portfolio (VND Billion), 2015-2020
Table 20: Vietnamese Personal Accident and Health Insurance -Leading Insurers, 2015
Table 21: Insurance Company - Key Facts
Table 22: Insurance Company - Key Facts
Table 23: Insurance Company - Key Facts
Table 24: Insurance Company - Key Facts
Table 25: Insurance Company - Key Facts
Table 26: Vietnam - Insurance Regulatory Framework Key Features
Table 27: Vietnam - Insurance Agent Commission Rate
Table 28: Vietnam - Life Insurance Regulatory Framework
Table 29: Vietnam - Property Insurance Regulatory Framework
Table 30: Vietnam- Motor Insurance Regulatory Framework
Table 31: Vietnam - Liability Insurance Regulatory Framework
Table 32: Vietnam - Tariff Rates for Motor Third-Party Liability Insurance
Table 33: Vietnam - Minimum Capital Requirements
Table 34: Vietnam - Corporate Tax Rates for the Financial Year 2017
Table 35: Vietnamese Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 36: Vietnamese Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 37: Vietnamese Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 38: Vietnamese Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 39: Vietnamese Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 40: Vietnamese Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 41: Insurance Industry Definitions


List of Figures
Figure 1: Vietnamese Real GDP (VND Trillion), 2011-2020
Figure 2: Vietnamese Exchange Rate (%), 2011-2020
Figure 3: Vietnamese Consumer Price Inflation (%), 2011-2020
Figure 4: Vietnamese Current Account Balance as Percentage of GDP (%), 2011-2015
Figure 5: Vietnamese Unemployment Rate, 2011-2020
Figure 6: Vietnamese Population by Age Group, 1990-2025
Figure 7: Vietnamese Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Vietnamese Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Vietnamese Personal Accident and Health Insurance - Gross Written Premium (VND Trillion), 2011-2020
Figure 10: Vietnamese Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 11: Vietnamese Personal Accident and Health Insurance - Premium per Capita (VND), 2011-2020
Figure 12: Vietnamese Personal Accident and Health Insurance - Paid Claims (VND Trillion), 2011-2020
Figure 13: Vietnamese Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 14: Vietnamese Personal Accident and Health Insurance - Total Assets (VND Trillion), 2011-2020
Figure 15: Vietnamese Personal Accident and Health Insurance - Total Investment Income (VND Billion), 2011-2020
Figure 16: Vietnamese Personal Accident and Health Insurance - Investment Portfolio (VND Trillion), 2011-2020
Figure 17: Vietnamese Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 18: Vietnam - Insurance Supervision and Control at Various Levels
Figure 19: Vietnam - Insurance Regulatory Frameworks for Company Registration and Operation
  • Global Health Insurance Market Growth (Status and Outlook) 2024-2030
    Published: 04-Jan-2024        Price: US 3660 Onwards        Pages: 88
    According to our LPI (LP Information) latest study, the global Health Insurance market size was valued at US$ 27280 million in 2023. With growing demand in downstream market, the Health Insurance is forecast to a readjusted size of US$ 140250 million by 2030 with a CAGR of 26.3% during review period. The research report highlights the growth potential of the global Health Insurance market. Health Insurance are expected to show stable growth in the future market. However, product differen......
  • Global Health Insurance Market Status and Outlook 2023-2028
    Published: 03-Nov-2023        Price: US 3160 Onwards        Pages: 104
    Health insurance is a type of insurance coverage that typically pays for medical, surgical, prescription drug and sometimes dental expenses incurred by the insured. Health insurance can reimburse the insured for expenses incurred from illness or injury, or pay the care provider directly. 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 eac......
  • Global Health Insurance Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
    Published: 22-Aug-2023        Price: US 3380 Onwards        Pages: 101
    Market Overview of Global Health Insurance market: According to our latest research, the global Health Insurance market looks promising in the next 5 years. As of 2022, the global Health Insurance market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years. Health insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a lar......
  • Global Health Insurance Market Insights: Impact of COVID-19 and Future Expectations to 2028
    Published: 15-Jun-2023        Price: US 3260 Onwards        Pages: 98
    The Health Insurance market revenue was XX Million USD in 2022, and will reach XX Million USD in 2028, with a CAGR of XX% during 2022-2028. This report elaborates the market size, market characteristics, and market growth of the Health Insurance industry, and breaks down according to the type, application, and consumption area of Health Insurance. The report also introduces players in the industry from the perspective of the industry chain and marketing chain and describes the lea......
  • Health Insurance Market, Global Outlook and Forecast 2023-2029
    Published: 12-Jan-2023        Price: US 3250 Onwards        Pages: 69
    Health insurance is a means for financing a person's health care expenses. While the majority of people have private health insurance, primarily through an employer, many others obtain coverage through programs offered by the government. Other individuals do not have health insurance at all. Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the ins......
  • Global Health Insurance Market Growth (Status and Outlook) 2023-2029
    Published: 04-Jan-2023        Price: US 3660 Onwards        Pages: 87
    Health insurance is a means for financing a person's health care expenses. While the majority of people have private health insurance, primarily through an employer, many others obtain coverage through programs offered by the government. Other individuals do not have health insurance at all. Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the ins......
  • Global Health Insurance Sales Market Report 2023
    Published: 04-Jan-2023        Price: US 4000 Onwards        Pages: 105
    The global Health Insurance market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Health Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029. Segment by Type - Insured Liability - Payment Method ......
  • Global Health Insurance Market Research Report 2022 - Market Size, Current Insights and Development Trends
    Published: 29-Sep-2022        Price: US 3450 Onwards        Pages: 118
    The report focuses on the Health Insurance market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19. Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover......
  • Global Health Insurance Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028
    Published: 12-Sep-2022        Price: US 5900 Onwards        Pages: 102
    Health insurance is a means for financing a person's health care expenses. While the majority of people have private health insurance, primarily through an employer, many others obtain coverage through programs offered by the government. Other individuals do not have health insurance at all. Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the i......
    • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs