Vietnam's insurance industry continued to show signs of steady recovery in the first half of 2026.
Data from the General Statistics Office showed that total insurance premium revenue reached an estimated VND60.4tn ($2.31bn) in the second quarter, up 1.7% from a year earlier, reflecting continued growth in the market despite a challenging operating environment.
For the first six months of 2026, Vietnam's insurance market generated an estimated VND117.9tn in total premium revenue, up 2.2% from the same period a year earlier.
The life insurance segment remained in a cautious recovery phase amid ongoing industry restructuring, with premium income estimated at VND68.8tn, down 4.5% year on year.
In contrast, the non-life insurance sector continued to outperform, posting an estimated VND49.1tn in premium revenue, an increase of 13.5%.
Growth was driven primarily by strong demand for property and engineering insurance, helping to offset weaker performance in the life segment and support overall market expansion.
It was reported that insurance companies also continued to meet their claims obligations, with total insurance benefit payouts estimated at VND52.3tn in the first six months of 2026. This represented an 18.2% increase year on year, reflecting higher claims payments across the market.