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Growing middle-class in Vietnam creates new opportunities for non-life insurers

Source: Asia Insurance Review | Jun 2014

When looking at the emerging insurance markets in Southeast Asia, Vietnam is hardly to be overlooked. The general economy is growing, even if it has shown signs of slowing down. Although the non-life insurance market is affected by this period of weakness, it remains promising: insurers may profit from these opportunities in the future. At the same time, some challenges must also be taken into consideration, for example, a sustainable pricing. Mr Andreas Matthias Kleiner of ERGO International analyses recent developments of the Vietnam non-life market.

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