Country Profile:Vietnam - Quick overview of Vietnam life insurance market –Challenges in boosting underwriting standards
Source: Asia Insurance Review | Jul 2009
Vietnam, with a population of 86 million, illustrates the enormous potential for the life market. Currently only about 6 million of the population have any form of life cover and most of these are in the cities with market premiums amounting to only 2% of GDP. Dr Malini Tharmanason, Medical Consultant, South & South East Asia, Life Division, Hannover Re Malaysian Branch, gives a quick overview of the Vietnam life market, highlighting the current difficulties temporarily clouding the bright prospects, as well as says that the Association of Vietnamese Insurers (AVI) can do much to help develop the industry.
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