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Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2017 - New Market Research Report


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2013-12-14 09:01:06 - New Insurance market report from Timetric: "Personal Accident and Health Insurance in Vietnam, Key Trends and Opportunities to 2017"

The Vietnamese personal accident and health insurance segment grew from VND1.6 trillion (US$98.0 million) in 2008 to VND4.0 trillion (US$191.9 million) in 2012, at a compound annual growth rate (CAGR) of 25.9% during the review period (2008-2012). With rising medical expenditure and disposable incomes, the segment's growth is expected to be sustained by the poor state of Vietnam's healthcare system, which is leading people to opt for private healthcare and insurance. In 2011, private healthcare accounted for 40.4% of the nation's overall healthcare expenditure.

Key Highlights

* During the review period, the penetration level of Vietnamese personal accident and health insurance products increased from 0.11% in 2008 to 0.14% in 2012
* Insurance agents were the main distribution channel for personal

accident and health insurance products in Vietnam
* The segment will benefit from the country's increasing consumer healthcare expenditure, mandatory health insurance and favorable regulatory framework
* The health insurance category accounted for the largest share of 64.1% of the Vietnamese personal accident and health insurance segment's total written premiums in 2012
* The Vietnamese personal accident and health insurance segment is competitive, and is considered to be the fastest-growing insurance segment in Vietnam due to the implementation of compulsory health insurance by the government

Full Report Details at
- www.fastmr.com/prod/753567_personal_accident_and_health_insuranc ..

Scope

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

* It provides historical values for the Vietnamese personal accident and health insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in the Vietnamese personal accident and health insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for personal accident and health insurance products in Vietnam
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Vietnam for the personal accident and health insurance segment
* It provides a detailed analysis of the reinsurance segment in Vietnam and its growth prospects
* It profiles the top personal accident and health insurance companies in Vietnam and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast market data related to the Vietnamese personal accident and health insurance segment and each category within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Vietnamese personal accident and health insurance segment
* Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the Vietnamese insurance segment and its impact on companies and the market's future

Companies Mentioned in this Report: Bao Viet Holdings, Manulife (Vietnam) Ltd, PVI Insurance Corporation, BaoMinh Insurance Corporation, Samsung Vina Insurance Company

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Size
4 Personal Accident and Health Insurance Segment-Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total segment gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration as a percentage of GDP
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Vietnamese Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident
6.1.2 Travel insurance
6.1.3 Health insurance
7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
8 Porter's Five Forces Analysis - Vietnamese Personal Accident and Health Insurance
8.1 Bargaining Power of Suppliers: Low
8.2 Bargaining Power of Buyers: Medium
8.3 Barriers to Entry: Medium
8.4 Intensity of Rivalry: Medium to High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance segment size, 2008-2017
9.2 Reinsurance segment size by type of insurance, 2008-2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurance
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Personal accident and health insurance
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Social insurance
10.3.3 Aviation third-party liability insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Ministry of Finance (MOF)
10.4.3 Insurance Supervisory Authority (ISA)
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=753567&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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