Vietnam's insurance industry remains underdeveloped, with total premiums comprising only around 2% of overall GDP at present. Widespread poverty and low household incomes have limited the affordability of even basic property and motor products. As it is one of Asia's fastest-growing economies, we believe that there is potential for rapid growth across most lines over the next few years. In the personal insurance segment, increasing car ownership will support higher demand for motor insurance products, while fast growth in private healthcare usage will drive wealthier households to purchase health and personal accident insurance products. The fragmented nature of the market at present will also provide scope for mergers and acquisitions.

Key View

SWOT

Industry Forecast

Market Overview

Macroeconomic Forecasts

Vietnam Demographic Outlook 

Banking & Financial Services Methodology