Reinsurance in Vietnam, Key Trends and Opportunities to 2016

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Reinsurance in Vietnam, Key Trends and Opportunities to 2016

  1. 1. Reinsurance in Vietnam, Key Trends and Opportunities to 2016Report Details:Published:September 2012No. of Pages: 89Price: Single User License – US$1950SynopsisThe report provides in depth market analysis, information and insights into the Vietnamesereinsurance market, including:•The Vietnamese reinsurance market’s growth prospects by reinsurance categories•The Vietnamese reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments•The competitive landscape in the Vietnamese reinsurance marketDespite the global financial crisis, the Vietnamese reinsurance segment recorded stable growthduring the review period. This is attributable to the increasing cost of reinsurance protection, thenation’s growing non-life and personal accident and health insurance segments, a greaterunderstanding of the benefits of reinsurance and the removal of a government policy which forcedinsurance companies to cede at least 20% of their reinsurance premiums to the only domesticreinsurance company.ScopeThis report provides a comprehensive analysis of the reinsurance market in Vietnam:•It provides historical values for Vietnam’s reinsurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period•It offers a detailed analysis of the key sub-segments in Vietnam’s reinsurance market, along with market forecasts until 2016•It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Vietnam and its growth prospects•It profiles the top reinsurance companies in VietnamKey highlights•The number of Vietnamese reinsurance companies increased from one to two in 2011.•The Vietnamese reinsurance segment is expected to grow at a compound annual growth rate (CAGR) of 16% over the forecast period (2012–2016).•The key growth driver for the reinsurance segment will be the government’s liberalized regulations, such as the abolition of a mandatory premium contribution of 20% to domestic reinsurance company Vietnam National Reinsurance Joint Stock Corp (VNR).•During the review period corporations have increasingly recognized bancassurance as an important channel for the distribution of products.
  2. 2. Reasons to buy•Make strategic business decisions using in depth historic and forecast market data related to the Vietnamese reinsurance market and each sector within it•Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese reinsurance market•Assess the competitive dynamics in the reinsurance market•Identify the growth opportunities and market dynamics within key product categories•Gain insights into key regulations governing the Vietnamese insurance market and its impact on companies and the markets futureGet your copy of this report @http://www.reportsnreports.com/reports/194725-reinsurance-in-vietnam-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Vietnamese Insurance Industry Attractiveness3.1 Insurance Industry Market Size, 2007–20163.2 Reinsurance Growth Dynamics and Challenges3.2.1 Reinsurance market size, 2007–20163.2.2 Reinsurance market size by type of insurance, 2007–20164 Key Industry Trends and Drivers4.1 Fundamental Business Drivers4.2 Life Insurance Segment Drivers4.3 Non-Life Insurance Segment Drivers4.4 Personal Accident and Health Insurance Segment Drivers4.5 Recent Market Developments5 Competitive Landscape and Strategic Insights5.1 Overview5.2 Leading Companies in the Vietnamese Reinsurance Segment5.3 Vietnam National Reinsurance Corporation – Company Overview5.3.1 Vietnam National Reinsurance Corporation – key facts5.4 PVI Insurance Corporation– Company Overview5.4.1 PVI Insurance Corporation – key facts6 Business Environment and Country Risk6.1 Business Confidence6.1.1 Market capitalization trend – Ho Chi Minh City Stock Exchange, Vietnam
  3. 3. 6.2 Economic Performance6.2.1 GDP at constant prices (US dollars)6.2.2 GDP per capita at constant prices (US dollars)6.2.3 GDP at current prices (US dollars)6.2.4 GDP per capita at current prices (US dollars)6.2.5 GDP split by key sectors6.2.6 Agriculture net output at current prices (Vietnam Dong)6.2.7 Agriculture net output at current prices (US dollars)6.2.8 Agriculture net output at current prices as a percentage of GDP6.2.9 Manufacturing net output at current prices (Vietnam Dong)6.2.10 Manufacturing net output at current prices (US dollars)6.2.11 Manufacturing net output at current prices as a percentage of GDP6.2.12 Mining, manufacturing and utilities net output at current prices (Vietnam Dong)6.2.13 Mining, manufacturing and utilities at current prices (US dollars)6.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP6.2.15 Construction net output at current prices (Vietnam Dong)6.2.16 Construction net output at current prices as a percentage of GDP6.2.17 Construction net output at current prices (US dollars)6.2.18 Inflation rate6.2.19 Current account balance as a percentage of GDP6.2.20 Exports growth6.2.21 Imports growth6.2.22 External debt as a percentage of GDP6.2.23 Annual average exchange rate US$–VND6.2.24 End of period exchange rate US$–VND6.3 Infrastructure Quality and Availability6.3.1 Railways and roads6.3.2 Passenger vehicle registration6.3.3 Commercial vehicle production6.3.4 Healthcare expenditure6.3.5 Healthcare expenditure as a percentage of GDP6.3.6 Healthcare per capita expenditure6.3.7 Total internet subscribers6.4 Labor Force6.4.1 Labor force6.4.2 Unemployment rate6.5 Demographics6.5.1 Annual disposable income6.5.2 Annual per capita disposable income6.5.3 Total population6.5.4 Urban and rural population6.5.5 Females as a percentage of the total population
  4. 4. 6.5.6 Males as a percentage of the total population6.5.7 Median age of population6.5.8 Population density6.5.9 Age distribution of the total population6.5.10 Age distribution of the male population6.5.11 Age distribution of the female population6.5.12 Number of households6.6 Political and Social Risk6.6.1 Political stability6.6.2 Terrorism Index6.6.3 Transparency index7 Appendix7.1 Methodology7.1 Contact Us7.2 About Timetric7.3 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2011Table 3: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2011–2016Table 5: Vietnamese Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Vietnamese Insurance Segmentation (% Share), 2007–2016Table 7: Vietnamese Reinsurance Segment, Market Size by Category, (VND Billion), 2007–2011Table 8: Vietnamese Reinsurance Segment, Market Size by Category, (US$ Billion), 2007–2011Table 9: Vietnamese Reinsurance Segment, Market Size by Category, (VND Billion), 2011–2016Table 10: Vietnamese Reinsurance Segment, Market Size by Category, (US$ Billion), 2011–2016Table 11: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion),2007–2011Table 12: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2007–2011Table 13: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion),2011–2016Table 14: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2011–2016Table 15: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 16: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Table 17: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Table 18: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Table 19: Vietnamese Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2007–2011Table 20: Vietnamese Personal Accident and Health Insurance – Percentage of Reinsurance
  5. 5. Ceded (%), 2011–2016Table 21: Vietnamese Reinsurance Companies, 2011Table 22: Vietnam National Reinsurance Corporation, Key FactsTable 23: VietnamesePVI Insurance Corporation, Key FactsList of FiguresFigure 1: Vietnamese Insurance Overall Written Premium by Segment (VND Billion), 2007–2016Figure 2: Vietnamese Insurance Market Dynamics by Segment, 2007–2016Figure 3: Vietnamese Premium Ceded to Reinsurance by Category (VND Billion), 2007–2016Figure 4: Vietnamese Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016Figure 5: Vietnamese Reinsurance Market Dynamics by Category, 2007–2016Figure 6: Vietnamese Premium Ceded to Reinsurance by Type of Insurance (VND Billion),2007–2016Figure 7: Vietnamese Reinsurance Market Dynamics by Type of Insurance, 2007–2016Figure 8: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 9: Vietnamese Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 10: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Figure 11: Vietnamese Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Figure 12: Vietnamese Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2007–2011Figure 13: Vietnamese Personal Accident and Health Insurance – Percentage of ReinsuranceCeded (%), 2011–2016Figure 14: Vietnamese Ho Chi Minh City Stock Exchange, Market Capitalization, (US$ Billion),2007–2011Figure 15: Vietnamese GDP at Constant Prices (US$ Billion), 2007–2011Figure 16: Vietnamese GDP Per Capita at Constant Prices (US$), 2007–2011Figure 17: Vietnamese GDP at Current Prices (US$ Billion), 2007–2011Figure 18: Vietnamese GDP Per Capita at Current Prices (US$), 2007–2011Figure 19: Vietnamese GDP Split by Key Sectors (%), 2010 and 2011Figure 20: Vietnamese Agriculture Net Output at Current Prices (VND Billion), 2007–2011Figure 21: Vietnamese Agriculture Net Output at Current Prices (US$ Billion), 2007–2011Figure 22: Vietnamese Agriculture Net Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 23: Vietnamese Manufacturing Net Output at Current Prices (VND Billion), 2007–2011Figure 24: Vietnamese Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011Figure 25: Vietnamese Manufacturing Net Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 26: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (VNDBillion), 2007–2011Figure 27: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices (US$Billion), 2007–2011Figure 28: Vietnamese Mining, Manufacturing and Utilities Net Output at Current Prices as aPercentage of GDP (%), 2007–2011
  6. 6. Figure 29: Vietnamese Construction Net Output at Current Prices (VND Billion), 2007–2011Figure 30: Vietnamese Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 31: Vietnamese Construction Net Output at Current Prices (US$ Billion), 2007–2011Figure 32: Vietnamese Inflation Rate (%), 2007–2011Figure 33: Vietnamese Current Account Balance as a Percentage of GDP (%), 2007–2011Figure 34: Vietnamese Exports Growth (%), 2007–2011Figure 35: Vietnamese Imports Growth (%), 2007–2011Figure 36: Vietnamese External Debt as a Percentage of GDP (%), 2007–2011Figure 37: Vietnamese Annual Average Exchange Rate (US$–VND), 2007–2011Figure 38: Vietnamese End of Period Exchange Rate (US$–VND), 2007–2011Figure 39: Vietnamese Railways and Roads (Kilometers), 2011Figure 40: Vietnamese Passenger Vehicle Registration (Units), 2007–2011Figure 41: Vietnamese Commercial Vehicle Registration (Units), 2007–2011Figure 42: Vietnamese Healthcare Expenditure (US$ Billion), 2007–2011Figure 43: Vietnamese Healthcare Expenditure as a Percentage of GDP (%), 2007–2011Figure 44: Vietnamese Per Capita Healthcare Expenditure (US$), 2007–2011Figure 45: Vietnamese Internet Subscribers (Millions), 2007–2011Figure 46: Vietnamese Size of Labor Force in 15–59 Age Group (Million), 2007–2011Figure 47: Vietnamese Unemployment Rate (%), 2007–2011Figure 48: Vietnamese Annual Disposable Income (US$ Billion), 2007–2011Figure 49: Vietnamese Annual Per Capita Disposable Income (US$), 2007–2011Figure 50: Vietnamese Total Population (Million), 2007–2011Figure 51: Vietnamese Urban and Rural Population (%), 2007–2011Figure 52: Vietnamese Females as a Percentage of the Total Population (%), 2007–2011Figure 53: Vietnamese Males as a Percentage of the Total Population (%), 2007–2011Figure 54: Vietnamese Median Age of Population (Years), 2007–2011Figure 55: Vietnamese Population Density (per Square Kilometer), 2007–2011Figure 56: Vietnamese Total Population Distribution by Age (%), 2007–2011Figure 57: Vietnamese Male Population Distribution by Age (%), 2007–2011Figure 58: Vietnamese Female Population Distribution by Age (%), 2007–2011Figure 59: Vietnamese Number of Households (Million), 2007–2011Figure 60: Global Terrorism Heat MapFigure 61: Vietnamese Transparency Index, 2007–2011Contact: sales@reportsandreports.com for more information.

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