Magazine

Dec 2020

Read the latest edition of AIR and MEIR as an Interactive e-book

Country Profile


Vietnam

Life insurers adapt to new realities

The growth of the market has continued to sky-rocket – with COVID-19 doing little to dampen its upward trajectory.
 

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Regulatory focus: Insurance auxiliary services and training

The development of insurance regulation in Vietnam is very much a story of gradual incremental changes rather than sudden seismic overhaul.
 

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Non-life shows promise despite muted growth

While the rate of growth in general insurance is slowing down amid a weaker economic environment, Vietnam’s non-life prospects remains among the most enticing within Asean.
 

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Reinsurance support crucial for continued non-life growth

Vietnam’s non-life insurance sector has been one of the fastest growing in Southeast Asia in the last 10 years with a compound annual growth rate of 17% – driven primarily by health and motor insurance.
 

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Green pastures abound for InsurTechs

Vietnam’s booming digital economy and thriving start-up ecosystem provide an environment ripe for InsurTech to flourish.
 

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