越南保險(xiǎn)行業(yè)市場(chǎng)前景及投資研究報(bào)告-培訓(xùn)課件外文版2024.5友邦人保

INDUSTRIES

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MARKETSInsuranceinVietnamCHAPTER

01OverviewGDPcontributionofthefinancial,bankingandinsurancesectorinVietnamfrom2015to2022GDPcontributionoffinance,bankingandinsuranceinVietnam2015-20225.0%4.76%4.73%4.47%4.45%4.39%4.35%4.5%4.0%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%201520182019202020212022*4Description:In2022,Vietnam'sfinancial,bankingandinsurancesectoraccountedfor4.76percentofthecountry'stotalGDP,equivalenttoaround452.5trillionVietnamesedong.Inthatyear,Vietnam'stotalGDPamountedtoapproximately9.5thousandtrillionVietnamesedong.ReadmoreNote(s):Vietnam;2015to2022;figuresatcurrentprices;*Preliminaryfigures.ReadmoreSource(s):GeneralStatisticsOfficeofVietnamTotalassetoftheinsurancemarketinVietnamfrom2016to2022(intrillionVietnamesedong)TotalassetoftheinsurancesectorinVietnam2016-2022900800700600500822.29708.53573.37462.96395.22400316.49300248.25201620010002017201820192020202120225Description:In2022,Vietnam'sinsurancemarketrecordedatotalassetofapproximately822trillionVietnamesedong,showinganincreaseofover100trillionVNDfromtheyearbefore.Thetotalassetoftheinsurancesectorinthecountryhasbeengrowingyear-on-yearwithintheobservedtimeline.ReadmoreNote(s):Vietnam;2016to2022Source(s):MOFInsurancepremiumpercapitainVietnamfrom2011to2022(in1,000Vietnamesedong)InsurancedensityinVietnam2011-20223,0002,5002,0001,5002,4922,2171,9211,6601,4061,1509429221,00074464658053550002011201220132014201520162017201820192020202120226Description:In2022,theinsurancedensityinVietnamreachednearly2.5millionVietnamesedong.Thisvaluehasbeenincreasingyearonyearwithintheobservedperiod.Insurancedensityisthepercapitainsurancepremiuminthecountry.

ReadmoreNote(s):Vietnam;2011to2022Source(s):MOFNumberofinsuranceenterprisesinVietnamin2022,bytypeofinsuranceNumberofinsuranceenterprisesinVietnam2022,bytypeNumberofenterprises0102030405060708090Non-lifeinsurersInsurancebrokersLifeinsurers322919ProfessionalreinsurersTotal2827Description:In2022,therewere82insuranceenterprisesinVietnam,32amongwhichwerenon-lifeinsurancecompanies.Whilenon-lifeinsurersledwiththenumberofenterprisesthatyear,insurancebrokersrankedsecondwith29enterprises.

ReadmoreNote(s):Vietnam;2022Source(s):MOFNumberofnewlyestablishedbusinessesforfinancial,bankingandinsuranceservicesinVietnamfrom2016to2022Numberofnewbusinessesforfinancial,bankingandinsuranceVietnam2016-20222,0001,8671,8001,6001,4001,2001,0008001,6781,5381,4781,2991,2301,185600400200020162017201820192020202120228Description:In2022,thenumberofnewlyestablishedbusinessesforthefinancial,banking,andinsurancesectorreachedabout1.7thousandinVietnam,indicatinganincreasefromthepreviousyear.Inthatyear,thenumberofnewenterprisesinthecountryamountedto148.5thousand.ReadmoreNote(s):Vietnam;2016to2022Source(s):GeneralStatisticsOfficeofVietnamCHAPTER

02LifeinsurancePenetrationrateoflifeinsuranceinVietnamoverGDPfrom2013to2022LifeinsurancepenetrationinVietnamoverGDP2013-20223.0%2.47%2.5%2.0%1.5%1.0%0.5%0.0%2.08%1.87%1.77%1.53%1.32%1.12%0.91%20150.72%20140.65%2013201620172018201920202021202210Description:In2022,thelifeinsurancepenetrationoverGDPinVietnamdroppedsignificantlytoaround1.87percent.Thismarksasharpdeclinecomparedtothepreviousyears,afteryearsofsteadilygrowth.

ReadmoreNote(s):Vietnam;2013to2022Source(s):MOFValueofpremiumsfromlifeinsurancebusinessinVietnamfrom2011to2022(intrillionVietnamesedong)ValueoflifeinsurancepremiumsinVietnam2011-202220018016014012010080178.33159.34130.77106.8286.1866.1220176050.538.274020028.36201423.33201318.41620112012201520162018201920202021202211Description:In2022,thevalueofpremiumsfromlifeinsurancebusinessamountedtoapproximately178trillionVietnamesedong(VND),showinganincreaseofaround19trillionVNDfromtheyearbefore.ThepremiumvalueoflifeinsuranceinVietnamhasbeengrowingyearonyearwithintheobservedtimeline.ReadmoreNote(s):Vietnam;2011to2022Source(s):MOFGrosswrittenpremiumsoflifeinsurancecompaniesinVietnamin2022(intrillionVietnamesedong)GrosswrittenpremiumsoflifeinsurancecompaniesinVietnam2022ValueintrillionVietnamesedong15

200510253035BaoVietManulifePrudentialDaiichiAIA33.231.4831.1821.8618.61MBAgeasFWD6.456.25SunLifeGeneraliChubbHanwhaMVI5.465.14.784.372.9Cathay2.7812Description:In2022,BaoViet'sgrosswrittenpremiumsreachedover33trillionVietnamesedong.Inthatyear,thecompanyalsoheldthelargestmarketsharewithinthelifeinsurancesectorinthecountry.ReadmoreNote(s):Vietnam;2022Source(s):MOFMarketshareoflifeinsurancecompaniesbasedoninsurancepremiumsinVietnamin2022MarketshareoflifeinsurancecompaniesbasedoninsurancepremiumsinVietnam2022Marketshare0%2%4%6%8%10%12%14%16%18%20%BaoVietLifeManulifePrudentialDaiichi18.6%17.7%17.5%12.3%AIA10.4%MBAgeasFWD3.6%3.5%SunLifeGeneraliChubbHanwhaCathayMVI3.1%2.9%2.7%2.5%1.6%1.6%13Description:In2022,BaoVietLifeaccountedforapproximately18.6percentofthelifeinsurancemarketinVietnam,makingittheleadinglifeinsuranceproviderintermsofpremiums.Witharound17.7percentshareofthemarket,Manuliferankedsecondamongthelifeinsurancecompanies,followedbyPrudential.ReadmoreNote(s):Vietnam;2022Source(s):MOFMarketshareoflifeinsurancecompaniesbasedonnewbusinesspremiumincomeinVietnamin2022MarketshareoflifeinsurancecompaniesbasedonnewbusinesspremiumsVietnam2022Others12.83%Prudential17.82%Sunlife6.64%MBAgeas7%FWD7.09%Manulife17.66%AIA7.24%Daiichi13.32%BaoVietLife10.39%14Description:In2022,Prudentialhadapremiumincomemarketshareof17.82percent,followedbyManulifewitha17.66percentmarketshare.Meanwhile,theVietnamesestate-ownedenterpriseBaoVietLiferankedfourthwith10.39percentofthetotalmarketshare.Inthatyear,thepenetrationrateoflifeinsurancewasat2.5percentinthecountry.ReadmoreNote(s):Vietnam;2022Source(s):MOFInsurancepayoutsoflifeinsurancecompaniesinVietnamin2022(intrillionVietnamesedong)InsurancepayoutsoflifeinsurancecompaniesinVietnam2022InsurancepayoutsintrillionVietnamesedong024681012BaoVietPrudentialMBAgeasManulifeAIA10.899.577.646.924.113.85DaiichiChubb1.36GeneraliHanwhaSunLifeFWD0.970.780.760.590.510.46MVIBIDVMetLife15Description:In2022,BaoVietLife'sinsurancepayoutsreachedabout10.9trillionVietnamesedong(VND),thelargestclaimpaymentamountrecordedamongthelifeinsuranceproviders.Prudentialhadthesecond-largestpayouts,amountingtoapproximately9.6trillionVNDinthatyear.ReadmoreNote(s):Vietnam;2022Source(s):MOFCHAPTER

03Non-lifeinsurancePenetrationrateofnon-lifeinsuranceoverGDPinVietnamfrom2013to2022Non-lifeinsurancepenetrationoverGDPinVietnam2013-20221.0%0.9%0.92%0.9%0.88%0.83%0.83%0.82%0.8%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0.0%0.76%0.73%0.7%0.68%201320142015201620172018201920202021202217Description:In2022,thenon-lifeinsurancepenetrationrateoverGDPinVietnamexperiencedadrasticdecreasetoapproximately0.73percent.Thismarksasharpdeclinecomparedtothepreviousyear,afteraperiodofsteadygrowth.

ReadmoreNote(s):Vietnam;2013to2022Source(s):MOFValueofpremiumsfromnon-lifeinsurancebusinessinVietnamfrom2011to2022(intrillionVietnamesedong)Valueofnon-lifeinsurancepremiumsinVietnam2011-20228070605069.4659.1456.6753.3746.9741.5940302010036.8731.8927.52201424.52201322.85201220.5520112015201620172018201920202021202218Description:In2022,thevalueofpremiumsfromthenon-lifeinsurancebusinessamountedtoapproximately69.5trillionVietnamesedong(VND),indicatingasignificantincreaseofovertentrillionVNDcomparedtotheyearprior.Thisvaluehadbeenincreasingyearonyearwithintheobservedperiod.ReadmoreNote(s):Vietnam;2011to2022Source(s):MOFValueofgrosspremiumsofnon-lifeinsurancesectorsinVietnamin2022,bycategory(inbillionVietnamesedong)Valueofgrosspremiumsofnon-lifeinsurancesectorsinVietnam2022,bycategoryValueinbillionVietnamesedong10,000

15,00005,00020,00025,00024,07530,000HealthinsuranceAutomobileinsurance18,275FireandexplosioninsurancePropertyandcasualtyinsuranceCargoinsurance9,4667,8263,1152,831HullandP&ILiabilityinsurance1,4241,125902AviationinsuranceCreditandfinancialrisksinsuranceBusinessinterruptioninsurance341Agricultureinsurance

43Guaranteeinsurance

3719Description:In2022,healthinsurancerecordedthehighestvalueofgrosspremiumsofnon-lifeinsuranceinVietnam,reachingover24trillionVietnamesedong(VND).Inthatyear,thegrosspremiumsforautomobileinsuranceinthecountryamountedtoaround18trillionVND,followingbyfireandexplosioninsurancewithover9.4trillionVNDvalueofgrosspremiums.ReadmoreNote(s):Vietnam;2022Source(s):MOFGrosswrittenpremiumsofnon-lifeinsurancecompaniesinVietnamin2022(intrillionVietnamesedong)Grosswrittenpremiumsinnon-lifeinsurancecompaniesinVietnam2022ValueintrillionVietnamesedong024681012PVIBaoVietPTI10.039.766.27BaoMinhMIC5.395.2BIC3.84PjicoBSHVBI3.773.063.05VNI2.81ABICGIC2.122.05OPES1.4120Description:In2022,thegrosswrittenpremiumsofPetroVietnamInsurance(PVI)amountedtoapproximatelytentrillionVietnamesedong(VND),surpassingBaoVietHoldingstobecomethelargestgrosswrittenpremiumsamongallnon-lifeinsuranceprovidersinthecountry.Inthatyear,non-lifeinsurancepremiumsreachedabout69.5trillionVND.ReadmoreNote(s):Vietnam;2022Source(s):MOFMarketshareofnon-lifeinsurancecompaniesbasedoninsurancepremiumsinVietnamin2022Marketshareofnon-lifeinsurancecompaniesbasedoninsurancepremiumsVietnam2022Mic8.00%BaoMinh7.77%PTI9.02%Others47.22%BaoViet14.06%PVI14.44%21Description:In2022,PetroVietnamInsurance(PVI)wastheleadingnon-lifeinsuranceproviderinVietnamintermsofmarketsharebasedoninsurancepremiums,accountingforaround14.4percentofthemarket.BaoVietHoldings(BVH)rankedsecondamongthecountry'sleadingnon-lifeinsuranceproviders,capturingapproximately14percentofthemarketshare.ReadmoreNote(s):Vietnam;2022Source(s):MOFInsurancepayoutsofnon-lifeinsurancecompaniesinVietnamin2022(inbillionVietnamesedong)Insurancepayoutsofnon-lifeinsurancecompaniesinVietnam2022InsurancepayoutsinbillionVietnamesedong05001,0001,5002,0002,5003,0003,5004,0004,5005,000BaoVietPVI4,405.483,724.19PTI2,843.42BaoMinhPjicoMIC1,766.011,376.351,312.3BSHVNIBICVBI1,057.571,019.06932.93920.73769.41ABICBaoLongUIC477.27407.8622Description:In2022,BaoViet'snon-lifeinsurancepayoutsreachedover4.4trillionVietnamesedong,thehighestpayoutamountamongallnon-lifeinsuranceprovidersinVietnam.Inthatyear,PVIhadthesecond-highestvalueofnon-lifeinsurancepayouts,followedbyPTI.ReadmoreNote(s):Vietnam;2022Source(s):MOFCHAPTER

04SocialinsuranceTotalsocialinsurancerevenueinVietnamfrom2016to2021(intrillionVietnamesedong)TotalsocialinsurancerevenueinVietnam2016-2021350300299.19299.89280.96250221.72195.6820015010050175.61020162017201820192020202124Description:In2021,socialinsurancerevenueinVietnamamountedtoabout299.9trillionVietnamesedong.Therevenueofsocialinsurancehadbeenincreasingyearlywithintheobservedperiod.

ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamTotalsocialinsuranceexpenditureinVietnamfrom2016to2021(intrillionVietnamesedong)TotalsocialinsuranceexpenditureinVietnam2016-2021300250200263.03210.25201.67193.63177.83161.4915010050020162017201820192020202125/statistics/1028978/vietnam-total-social-insurance-expenditureIn2021,socialinsuranceexpenditureamountedtoover210.3trillionVietnamesedong.ThenumberofpeopleparticipatinginsocialinsuranceinVietnamreachedmorethan16.5millioninthatyear,indicatingasteadyincreaseinthepastyears.

ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamNumberofpeoplecoveredbysocialinsuranceinVietnamfrom2016to2021(inmillions)NumberofpeoplewithsocialinsuranceinVietnam2016-20211816.5516.1615.761614.7313.82141210813.06642020162017201820192020202126/statistics/1028906/vietnam-number-of-persons-with-social-insuranceThenumberofpeopleparticipatinginsocialinsuranceinVietnamreachedapproximately16.55millionin2021,indicatingasteadyincreaseinthepastyears.Inthatyear,thenumberofpeoplewithhealthinsuranceinthecountryreached88.8million.ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamCHAPTER

05HealthinsuranceTotalhealthinsurancerevenueinVietnamfrom2016to2021(intrillionVietnamesedong)TotalhealthinsurancerevenueinVietnam2016-2021120100112.57111.08103.8593.6781.578068.92604020020162017201820192020202128Description:In2021,healthinsurancerevenueinVietnamamountedtoabout112.6trillionVietnamesedong.ThenumberofpeopleparticipatinginhealthinsuranceinVietnamreachedapproximately89millioninthatyear,indicatingasteadyincreaseinthepastyears.ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamTotalhealthinsuranceexpenditureinVietnamfrom2015to2021(intrillionVietnamesedong)TotalhealthinsuranceexpenditureinVietnam2015-2021120112.07105.2696.7110090.6889.44806049.044020020152017201820192020202129/statistics/1028988/vietnam-total-health-insurance-expenditureIn2021,healthinsuranceexpenditureamountedtoabout90.7trillionVietnamesedong.ThenumberofpeopleparticipatinginhealthinsuranceinVietnamreachedapproximately88.8millioninthatyear,indicatingasteadyincreaseinthepastyears.ReadmoreNote(s):Vietnam;2015to2021Source(s):GeneralStatisticsOfficeofVietnamNumberofpeopleparticipatinginhealthinsuranceinVietnamfrom2016to2021(inmillions)NumberofpeoplewithhealthinsuranceinVietnam2016-202110088.8487.989085.7583.5481.198070605040302010075.9220162017201820192020202130Description:ThenumberofpeopleparticipatinginhealthinsuranceinVietnamreachedapproximately89millionin2021,indicatinganincreaseofaroundonemillionpeoplefrom2020.ThenumberofpeoplewithhealthinsuranceinVietnamhadbeenincreasingyearlywithinthegiventimeline.ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamCHAPTER

06UnemploymentinsuranceTotalunemploymentinsurancerevenueinVietnamfrom2016to2021(intrillionVietnamesedong)TotalunemploymentinsurancerevenueinVietnam2016-202125201522.8822.1419.5815.5413.5911.86105020162017201820192020202132Description:In2021,unemploymentinsurancerevenueamountedtoabout19.5trillionVietnamesedong,indicatingadecreasefromthepreviousyear.ThenumberofpeopleparticipatinginunemploymentinsuranceinVietnamreachedapproximately13.4millioninthatyear.ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamTotalunemploymentinsuranceexpenditureinVietnamfrom2015to2021(intrillionVietnamesedong)TotalunemploymentinsuranceexpenditureinVietnam2015-2021504540353025201547.3920.0717.77202010.6320181057.944.880201520172019202133Description:In2021,unemploymentinsuranceexpenditureamountedtoabout47.39trillionVietnamesedong.ThenumberofpeopleparticipatinginunemploymentinsuranceinVietnamreachedapproximately13.3millioninthatyear,indicatingaslightincreasefromthepreviousyear.ReadmoreNote(s):Vietnam;2015to2021Source(s):GeneralStatisticsOfficeofVietnamNumberofpeopleparticipatinginunemploymentinsuranceinVietnamfrom2016to2021(inmillions)NumberofpeoplewithunemploymentinsuranceinVietnam2016-2021161413.3913.3213.3912.6411.541210810.94642020162017201820192020202134Description:ThenumberofpeopleparticipatinginunemploymentinsuranceinVietnamreachedapproximately13.4millionin2021,indicatingaslightincreasecomparedtothepreviousyear.Inthatyear,thenumberofpeoplewithhealthinsuranceamountedtoapproximately89millioninthecountry.ReadmoreNote(s):Vietnam;2016to2021Source(s):GeneralStatisticsOfficeofVietnamCHAPTER

07LeadingdomesticcompaniesTotalconsolidatedrevenueofBaoVietHoldingsfromfinancialyear2014to2022(intrillionVietnamesedong)TotalconsolidatedrevenueofBaoVietHoldingsFY2014-FY2022605054.5450.3848.954541.854032.753025.6820.79201519.05201420100201620172018201920202021202236Description:Duringthe2022financialyear,thetotalconsolidatedrevenueofBaoVietHoldingsamountedtoover54.5trillionVietnamesedong,indicatingagradualincreasecomparedtothepreviousyears.BaoVietHoldingsisamongtheleadingenterprisesinVietnam,specializinginthefinanceandinsurancesectors.ReadmoreNote(s):Vietnam;FY2014toFY2022Source(s):BaoVietHoldingsTotalconsolidatedrevenueofPVIHoldingsfromfinancialyear2018to2022(intrillionVietnamesedong)TotalconsolidatedrevenueofPVIHoldingsFY2018-FY202216141214.3611.0911.1110.349.9510864202018201920202021202237Description:Inthefinancialyear2022,theconsolidatedrevenueofPVIHoldingsamountedtoover14.3trillionVietnamesedong,indicatingagradualgrowthcomparedtothepreviousyears.AmemberofPetroVietnam,PVIHoldingsisamongtheleadingenterprisesspecializinginthefinanceandinsuranceindustries.ReadmoreNote(s):Vietnam;FY2018toFY2022Source(s):PetroVietnamInsuranceHoldingsNetrevenueofPostandTelecommunicationJointStockInsuranceCorporation(PTI)fromfinancialyear2018to2022(intrillionVietnamesedong)NetrevenueofPTIFY2018-FY202265.154.965432104.734.313.382018201920202021202238Description:Duringthe2022financialyear,thePostandTelecommunicationJointStockInsuranceCorporation(PTI)'snetrevenuereachedover5.1trillionVietnamesedong,indicatingagradualgrowthcomparedtotheyearsprior.Apartfromitsprimaryinsurancebusiness,PTIalsoparticipatesinrealestateandfinancial-relatedactivitiesunderthemanagementofVietnamPostCorporation.ReadmoreNote(s):Vietnam;FY2018toFY2022Source(s):PostandTelecommunicationJointStockInsuranceTotalconsolidatedrevenueofBaoMinhInsuranceCorporationfromfinancialyear2017to2022(intrillionVietnamesedong)TotalconsolidatedrevenueofBaoMinhInsuranceFY2017-FY2022766.315.355.035432104.594.274.120172018201920202021202239Description:Duringthe2022financialyear,thetotalconsolidatedrevenueofBaoMinhInsuranceCorporationamountedtoover6.3trillionVietnamesedong,indicatingagradualgrowthcomparedtotheyearsprior.HeadquarterinHoChiMinhCity,BaoMinhisamongtheleadingenterprisesprovidingnon-lifeinsuranceandreinsurance,aswellasfinancialinvestmentproductsandservicesinVietnam.ReadmoreNote(s):Vietnam;FY2017toFY2022Source(s):BaoMinhInsuranceCHAPTER

08ConsumerperspectiveLeadinginsuranceownedbypeopleinVietnamin2022,bytypeInsuranceownershipamongpeopleVietnam2022,bytypeShareofrespondents0%10%20%30%40%50%60%70%80%HealthinsuranceVehicleinsuranceLifeinsurance75%35.3%20.6%Phoneinsurance5.6%3.3%3.1%2.1%2.1%1.3%1.7%DisabilityinsuranceHomeinsuranceUmbrella/personalliabilityinsuranceTravelinsuranceRentersinsuranceOthersNone9.6%41Description:Assurveyedin2022inVietnam,themajorityofrespondentsownedhealthinsurance.Vehicleinsuranceandlifeinsurancefollowedasthesecondandthirdmostpopulartypesofinsuranceownedbypeopleinthecountry,asstatedby35.3and20.6percentofrespondentsrespectively.Bycomparison,lessthantenpercentofthesurveyparticipantsdidnotownanyinsurance.ReadmoreNote(s):Vietnam;February2022;1,264respondents;18yearsandolder;amongrespondentsnationwideSource(s):StandardInsightsPreferredplatformsforpurchasingonlineinsuranceinVietnamin2022PreferredplatformsforpurchasingonlineinsuranceVietnam2022Shareofrespondents0%10%20%30%40%50%60%Insuranceprovidersites/appsTravelsites/apps51%37%E-commercesites/appsInsurancecomparisonsitesProductsites36%31%31%Onlinemarketplaces17%42Description:Accordingtoasurveyin2022,around51percentofrespondentsinVietnamstatedhavingpurchasedonlineinsurancefrominsuranceprovidersitesorapps.Meanwhile,17percentofthesurveyedrespondentsconfirmedbuyingonlineinsurancefromonlinemarketplaces.ReadmoreNote(s):Philippines;JunetoJuly2022