Vietnam's Life and Non-Life Insurance Segment Is Expected to Continue Their High Annual Rates of Growth, in Line with Anticipated General Economic Growth

Business Wire,  April 11, 2008  

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DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c88485) has announced the addition of Vietnam Insurance Report Q1 2008 to their offering.

The Vietnam Insurance Report provides independent forecasts and competitive intelligence on Vietnam's insurance industry.

This report differs from its predecessors in that it includes BMI's Insurance Business Environment Rating (IBER). The rating brings together a number of pieces of relevant quantitative data, together with BMI's Country Risk Rating (CRR). It is now much easier to consider the business environment for the insurance sector in any one country relative to the business environment for other industries in that country that are surveyed by BMI, and the business environment for the insurance sector in other countries.

Vietnam's IBER is 45.2. Relative to other countries in the Asia Pacific region, it is not an especially attractive insurance market for foreign insurers. The economic outlook is for continued growth. Government policies are likely to remain constant over the long-term, particularly as regards the entrance of foreign players, although there is the potential for inflation. The IBER is held back by the underdevelopment of the non-life segment in particular, and the low GDP per capita.

Over the forecast period, we anticipate that non-life premiums will grow by 24% annually in local currency terms and by 25% in US dollar terms. Life premiums are expected to increase by 20% annually in local currency terms and by 21% in US dollar terms.

The competitive landscape in Vietnam, in both the non-life and the life segment, is concentrated. Both segments are open to participation by foreign groups, although foreigners are more important in the non-life than in the life segment. The foreign presence, particularly in the life segment, remains small. Vietnam's life and non-life segment are expected to continue their high annual rates of growth, in line with anticipated general economic growth. However, this growth will be coming off a small base. The main weakness of Vietnam's insurance sector at the moment lies in broader economic conditions; namely, the tiny GDP per capita and the ongoing threat of high inflation.

Content Outline:

The Sector At A Glance

Table: Overview Of Vietnam's Insurance Sector

Key Insights On The Vietnamese Insurance Sector

SWOT Analysis

Vietnam Industry SWOT

Key Features Of This Report

Latest News

Projections And Forecasts

Table: Premium Growth, 2005-2012

Projections And Drivers Of Growth

Table: Growth Drivers, 2005-2012

Country Update

Macroeconomic Outlook

Table: Vietnam - Economic Activity

Political Outlook

Insurance Business Environment Rating

Table: Vietnam - Insurance Business Environment Indicators

Table: Asia Pacific Insurance Business Environment Rankings

Regional Context

Table: Non-Life Premiums In A Regional Context, 2007

Table: Life Premiums In A Regional Context, 2007

Table: Comparison Of Major Lines As % Non-Life Premiums, 2006

Vietnam - Non-Life Segment

Table: Presence Of Cross-Border Insurers, Non-Life

Vietnam - Life Segment

Table: Presence Of Cross-Border Insurers, Life

Methodology

Basis Of Projections

Insurance Business Environment Rating

Table: Insurance Business Environment Indicators And Rationale

Table: Weighting Of Indicators

For more information visit http://www.researchandmarkets.com/reports/c88485.

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