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Trends and Opportunities in the Vietnamese Personal Accident and Health Insurance Industry to 2016: Market Profile

Published By :

Timetric

Published Date : Mar 2012

Category :

Health Insurance

No. of Pages : 91 Pages

Synopsis

The report provides top-level market analysis, information and insights into the Vietnamese personal accident and health insurance market, including:

  • A description of the personal accident and health insurance market in Vietnam
  • The Vietnamese personal accident and health insurance markets growth prospects by personal accident and health insurance categories
  • The various distribution channels in the Vietnamese personal accident and health insurance market
Summary

During the review period, Vietnamese personal accident and health insurance products experienced a significant growth at a CAGR of XX%. Following the liberalization of the Vietnamese insurance industry in 2008 and the abolition of restrictions for foreign participants, foreign companies have entered the market in various forms, such as joint ventures with Vietnamese companies or joint-stock companies. 

The key drivers for the growth of Vietnamese personal accident and health insurance are increasing healthcare expenditure, the enactment of mandatory health insurance laws, increases in disposable income, and higher consumer awareness of the need for, and benefits of, accident and health insurance. The entry of foreign health insurance companies also contributed significantly to the growth of the Vietnamese personal accident and health insurance segment, introducing new products and expanding the market.

Scope

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

  • It provides historical values for Vietnams personal accident and health insurance market for the reports 2007-2011 review period and forecast figures for the 2011-2016 forecast period 
  • It offers a detailed analysis of the key sub-segments in Vietnams personal accident and health insurance market, along with market forecasts until 2016
  • It analyses the various distribution channels for personal accident and health insurance products in Vietnam 
Reasons To Buy

  • Make strategic business decisions using top-level historic and forecast market data related to the Vietnamese personal accident and health insurance market and each sector within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese personal accident and health insurance market
  • Identify the growth opportunities and market dynamics within key product categories
Key Highlights

NA
Table of Content

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology

2 Vietnamese Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007-2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments

3 Personal Accident and Health Insurance Market Outlook
3.1 Personal Accident and Health Insurance Growth Prospects by Category
3.1.1 Personal accident category
3.1.2 Travel insurance category
3.1.3 Health insurance category

4 Analysis by Distribution Channels
4.1 Direct Marketing Channel
4.2 Bancassurance Channel
4.3 Agencies Channel
4.4 Other Channels

5 Appendix
5.1 Methodology
5.2 Contact us
5.3 About Timetric
5.4 Disclaimer

List of Table


Table 1: Insurance Industry Definitions
Table 2: Vietnam Insurance Overall Written Premium by Segment (VND Billion), 2007-2011
Table 3: Vietnam Insurance Overall Written Premium by Segment (US$ Billion), 2007-2011
Table 4: Vietnam Insurance Overall Written Premium by Segment (VND Billion), 2011-2016
Table 5: Vietnam Insurance Overall Written Premium by Segment (US$ Billion), 2011-2016
Table 6: Vietnam Insurance Segmentation (%), 2007-2016
Table 7: Personal Accident and Health Insurance Written Premium by Category (VND Billion), 2007-2011
Table 8: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2007-2011
Table 9: Personal Accident and Health Insurance Written Premium by Category (VND Billion), 2011-2016
Table 10: Personal Accident and Health Insurance Written Premium by Category (US$ Billion), 2011-2016
Table 11: Personal Accident and Health Insurance - Paid Claims by Category (VND Billion), 2007-2011
Table 12: Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2007-2011
Table 13: Personal Accident and Health Insurance - Paid Claims by Category (VND Billion), 2011-2016
Table 14: Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2011-2016
Table 15: Personal Accident and Health Insurance - Incurred Loss (VND Billion), 2007-2011
Table 16: Personal Accident and Health Insurance - Incurred Loss (VND Billion), 2011-2016
Table 17: Personal Accident and Health Insurance - Loss Ratio (%), 2007-2011
Table 18: Personal Accident and Health Insurance - Loss Ratio (%), 2011-2016
Table 19: Personal Accident and Health Insurance - Frauds and Crimes (VND Billion), 2007-2011
Table 20: Personal Accident and Health Insurance - Frauds and Crimes (VND Billion), 2011-2016
Table 21: Personal Accident and Health Insurance - Total Assets (VND Billion), 2007-2011
Table 22: Personal Accident and Health Insurance - Total Assets (VND Billion), 2011-2016
Table 23: Personal Accident and Health Insurance - Total Investment Income (VND Billion), 2007-2011
Table 24: Personal Accident and Health Insurance - Total Investment Income (VND Billion), 2011-2016
Table 25: Personal Accident and Health Insurance - Retentions (VND Billion), 2007-2011
Table 26: Personal Accident and Health Insurance - Retentions (VND Billion), 2011-2016
Table 27: Personal Accident Insurance Category by Volume ('000), 2007-2011
Table 28: Personal Accident Insurance Category by Volume ('000), 2011-2016
Table 29: Personal Accident Insurance Category by Written Premium (VND Billion), 2007-2011
Table 30: Personal Accident Insurance Category by Written Premium (VND Billion), 2011-2016
Table 31: Travel Insurance Category by Volume ('000), 2007-2011
Table 32: Travel Insurance Category by Volume ('000), 2011-2016
Table 33: Travel Insurance Category by Written Premium (VND Billion), 2007-2011
Table 34: Travel Insurance Category by Written Premium (VND Billion), 2011-2016
Table 35: Health Insurance Category by Volume ('000), 2007-2011
Table 36: Health Insurance Category by Volume ('000), 2011-2016
Table 37: Health Insurance Category by Written Premium (VND Billion), 2007-2011
Table 38: Health Insurance Category by Written Premium (VND Billion), 2011-2016
Table 39: Personal Accident and Health Insurance - Direct Marketing Commission Paid (VND Billion), 2007-2011
Table 40: Personal Accident and Health Insurance - Direct Marketing Commission Paid (VND Billion), 2011-2016
Table 41: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (VND Billion), 2007-2011
Table 42: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (VND Billion), 2011-2016
Table 43: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2007-2011
Table 44: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2011-2016
Table 45: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2007-2011
Table 46: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2011-2016
Table 47: Personal Accident and Health Insurance - Bancassurance Commission Paid (VND Billion), 2007-2011
Table 48: Personal Accident and Health Insurance - Bancassurance Commission Paid (VND Billion), 2011-2016
Table 49: Personal Accident and Health Insurance - Written Premium Through Bancassurance (VND Billion), 2007-2011
Table 50: Personal Accident and Health Insurance - Written Premium Through Bancassurance (VND Billion), 2011-2016
Table 51: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2007-2011
Table 52: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2011-2016
Table 53: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2007-2011
Table 54: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2011-2016
Table 55: Personal Accident and Health Insurance - Commission Paid to Agencies (VND Billion), 2007-2011
Table 56: Personal Accident and Health Insurance - Commission Paid to Agencies (VND Billion), 2011-2016
Table 57: Personal Accident and Health Insurance - Written Premium Through Agencies (VND Billion), 2007-2011
Table 58: Personal Accident and Health Insurance - Written Premium Through Agencies (VND Billion), 2011-2016
Table 59: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2007-2011
Table 60: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2011-2016
Table 61: Personal Accident and Health Insurance - Number of Agencies, 2007-2011
Table 62: Personal Accident and Health Insurance - Number of Agencies, 2011-2016
Table 63: Personal Accident and Health Insurance - Commission Paid to Other Channels (VND Billion), 2007-2011
Table 64: Personal Accident and Health Insurance - Commission Paid to Other Channels (VND Billion), 2011-2016
Table 65: Personal Accident and Health Insurance - Written Premium Through Other Channels (VND Billion), 2007-2011
Table 66: Personal Accident and Health Insurance - Written Premium Through Other Channels (VND Billion), 2011-2016
Table 67: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2007-2011
Table 68: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2011-2016
Table 69: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2007-2011
Table 70: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2011-2016

List of Chart


Figure 1: Vietnam Insurance Overall Written Premium by Segment (VND Billion), 2007-2016
Figure 2: Vietnam Insurance Market Dynamics by Segment, 2007-2016
Figure 3: Personal Accident and Health Insurance Written Premium by Category (VND Billion), 2007-2016
Figure 4: Personal Accident and Health Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Personal Accident and Health Insurance Market Dynamics by Category, 2007-2016
Figure 6: Personal Accident and Health Insurance - Paid Claims by Category (VND Billion), 2007-2016
Figure 7: Personal Accident and Health Insurance - Incurred Loss (VND Billion), 2007-2011
Figure 8: Personal Accident and Health Insurance - Incurred Loss (VND Billion), 2011-2016
Figure 9: Personal Accident and Health Insurance - Loss Ratio (%), 2007-2011
Figure 10: Personal Accident and Health Insurance - Loss Ratio (%), 2011-2016
Figure 11: Personal Accident and Health Insurance - Frauds and Crimes (VND Billion), 2007-2011
Figure 12: Personal Accident and Health Insurance - Frauds and Crimes (VND Billion), 2011-2016
Figure 13: Personal Accident and Health Insurance - Total Assets (VND Billion), 2007-2011
Figure 14: Personal Accident and Health Insurance - Total Assets (VND Billion), 2011-2016
Figure 15: Personal Accident and Health Insurance - Total Investment Income (VND Billion), 2007-2011
Figure 16: Personal Accident and Health Insurance - Total Investment Income (VND Billion), 2011-2016
Figure 17: Personal Accident and Health Insurance - Retentions (VND Billion), 2007-2011
Figure 18: Personal Accident and Health Insurance - Retentions (VND Billion), 2011-2016
Figure 19: Personal Accident and Health Insurance - Investment by Type (VND Billion), 2007-2011
Figure 20: Personal Accident and Health Insurance - Investment by Type (% Share), 2007 and 2011
Figure 21: Personal Accident and Health Insurance - Density and Penetration (%), 2007-2011
Figure 22: Personal Accident and Health Insurance - Number of Policies ('000), 2007-2011
Figure 23: Personal Accident and Health Insurance - Number of Policies ('000), 2011-2016
Figure 24: Personal Accident and Health Insurance - Premium Per Capita (VND), 2007-2011
Figure 25: Personal Accident Insurance Category by Volume ('000), 2007-2011
Figure 26: Personal Accident Insurance Category by Volume ('000), 2011-2016
Figure 27: Personal Accident Insurance Category by Written Premium (VND Billion), 2007-2011
Figure 28: Personal Accident Insurance Category by Written Premium (VND Billion), 2011-2016
Figure 29: Travel Insurance Category by Volume ('000), 2007-2011
Figure 30: Travel Insurance Category by Volume ('000), 2011-2016
Figure 31: Travel Insurance Category by Written Premium (VND Billion), 2007-2011
Figure 32: Travel Insurance Category by Written Premium (VND Billion), 2011-2016
Figure 33: Health Insurance Category by Volume ('000), 2007-2011
Figure 34: Health Insurance Category by Volume ('000), 2011-2016
Figure 35: Health Insurance Category by Written Premium (VND Billion), 2007-2011
Figure 36: Health Insurance Category by Written Premium (VND Billion), 2011-2016
Figure 37: Personal Accident and Health Insurance New Business Written Premium - Market Shares by Distribution Channel, 2011 and 2016
Figure 38: Personal Accident and Health Insurance - Direct Marketing Commission Paid (VND Billion), 2007-2011
Figure 39: Personal Accident and Health Insurance - Direct Marketing Commission Paid (VND Billion), 2011-2016
Figure 40: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (VND Billion), 2007-2011
Figure 41: Personal Accident and Health Insurance - Written Premium Through Direct Marketing (VND Billion), 2011-2016
Figure 42: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2007-2011
Figure 43: Personal Accident and Health Insurance - Policies Sold Through Direct Marketing ('000), 2011-2016
Figure 44: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2007-2011
Figure 45: Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2011-2016
Figure 46: Personal Accident and Health Insurance - Bancassurance Commission Paid (VND Billion), 2007-2011
Figure 47: Personal Accident and Health Insurance - Bancassurance Commission Paid (VND Billion), 2011-2016
Figure 48: Personal Accident and Health Insurance - Written Premium Through Bancassurance (VND Billion), 2007-2011
Figure 49: Personal Accident and Health Insurance - Written Premium Through Bancassurance (VND Billion), 2011-2016
Figure 50: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2007-2011
Figure 51: Personal Accident and Health Insurance - Policies Sold Through Bancassurance ('000), 2011-2016
Figure 52: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2007-2011
Figure 53: Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2011-2016
Figure 54: Personal Accident and Health Insurance - Commission Paid to Agencies (VND Billion), 2007-2011
Figure 55: Personal Accident and Health Insurance - Commission Paid to Agencies (VND Billion), 2011-2016
Figure 56: Personal Accident and Health Insurance - Written Premium Through Agencies (VND Billion), 2007-2011
Figure 57: Personal Accident and Health Insurance - Written Premium Through Agencies (VND Billion), 2011-2016
Figure 58: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2007-2011
Figure 59: Personal Accident and Health Insurance - Policies Sold Through Agencies ('000), 2011-2016
Figure 60: Personal Accident and Health Insurance - Number of Agencies, 2007-2011
Figure 61: Personal Accident and Health Insurance - Number of Agencies, 2011-2016
Figure 62: Personal Accident and Health Insurance - Commission Paid to Other Channels (VND Billion), 2007-2011
Figure 63: Personal Accident and Health Insurance - Commission Paid to Other Channels (VND Billion), 2011-2016
Figure 64: Personal Accident and Health Insurance - Written Premium Through Other Channels (VND Billion), 2007-2011
Figure 65: Personal Accident and Health Insurance - Written Premium Through Other Channels (VND Billion), 2011-2016
Figure 66: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2007-2011
Figure 67: Personal Accident and Health Insurance - Policies Sold Through Other Channels ('000), 2011-2016
Figure 68: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2007-2011
Figure 69: Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2011-2016

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