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Research and Markets: Vietnam Insurance Sector Forecast to 2013
Friday June 5, 02:44 AM
Research and Markets (http://www.researchandmarkets.com/research/7a3b4a/vietnam_insurance)
has announced the addition of the "Vietnam
Insurance Sector Forecast to 2013" report to their offering.
Vietnam's insurance market is one of the fastest growing markets in the
world. The market has expanded rapidly over the past few years. With a
population of over 85 Million and a penetration level of below 10%, the
life insurance sector has immense growth potential in this market.
As per our research "Vietnam
Insurance Sector Forecast to 2013", despite a global economic
recession, Vietnam has been able to attract foreign investments from
countries like Japan and South Korea. Besides this, several
international players are also lining up to enter the country. We
believe that Vietnamese may be reluctant to use life insurance as a
saving or investment option; however, there is a need for protection
against financial losses arising out of major medical treatment
expenses, disablement or death of bread winners will continue to remain
high.
In the life insurance segment that includes endowment, pure endowment,
term, annuity, etc., it was found that endowment products hold the
largest share whereas annuity and term are the fastest growing products
of the segment. By premium, life insurance is expected to grow at a CAGR
of around 11% between 2009 and 2013.
In the non-life insurance segment motor, property & casualty and health
& personal accident insurance account for majority of the premium. The
non-life segment is expected to grow at a CAGR of around 24.5% between
2009 and 2013.
We also believe that export credit and energy prices are some of the
emerging segments which are almost fully untapped and offer immense
potential. In addition to this, the research also provides information
on the future trends of the industry, based on past market growth,
present trends and possible impact of recession in the economy. It also
answers some of the critical questions that will help client to have a
better understanding of the industry, like:
Who are the key players in the industry?
How much market share the key players account for?
What are the growth barriers for the industry?
Key Topics Covered:
1. Analyst View
2. Vietnam - Key Growth Factors
4. Market Performance and Future Outlook
5. Growth Prospects
6. Growth Barriers
7. Key Players
List of Tables
List of Charts
Companies Mentioned:
Prudential Vietnam
Bao Viet
Manulife
Bao Minh
PV Insurance
For more information visit http://www.researchandmarkets.com/research/7a3b4a/vietnam_insurance
Contact:Research and MarketsLaura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
Next Article: Research and Markets: Both Vietnam and Indonesia Had the Highest T&D Cables Market Compound Annual Growth Rate (CAGR) During the Period from 2005 To 2
Previous article: Research and Markets: In 2009, the Vietnamese Market for Pharmaceuticals Is Estimated At US$750 Million, or US$9 Per Capita
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