Building on its record of
solid growth, Vietnam’s insurance market saw premium income
increase by 20.3% in 2010 to VND30.69tn ($1.57bn), according to the
Vietnam Business Forum.

The strongest growth pace was
recorded by the general insurance sector which increased premium
income by 24% in 2010 to VND13.69tn. Life insurance premium income
was reported at VND17tn, an increase of 16% compared with 2009 when
an almost identical increase of 15.9% was recorded.

According to consultancy
Towers Watson, UK insurer Prudential’s subsidiary Prudential
Vietnam ranked as the leading life insurer in the nine months of
2010 with a market share of 32%. It was followed by
state-controlled Bao Viet Life with a market share of
25%.

12 life insurers are active in Vietnam, with the latest
entry being Italian insurer Generali. Bao Viet Life is the only
truly Vietnamese-controlled life insurer.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.