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Market share of life insurance companies based on new business premiums Vietnam 2018

In 2018, Bao Viet Life had a premium income market share of 17.8 percent, closely followed by Daiichi with a 17.44 percent market share and Prudential with a 16.86 percent market share. In that year, the penetration rate of life insurance was at 1.56 percent.

Bao Viet Holdings

Bao Viet Holdings is the largest insurance company in Vietnam. It is state-owned and has various subsidiaries including Bao Viet Insurance, Bao Viet Life, Bao Viet Fund, Bao Viet Securities, Bao Viet Bank and Bao Viet Investment. In 2018, non-life gross written insurance premiums of Bao Viet amounted to 9.85 trillion Vietnamese dong, while life gross written insurance premiums reached about 21.51 trillion Vietnamese dong.

Life insurance in Vietnam

In 2018, the number of new life insurance policies grew by 14.01 percent. In that year, life gross written insurance premiums reached about 86.18 trillion Vietnamese dong. Life insurance categories include investment-linked policies, endowment insurance, term life insurance, annuity insurance, healthcare insurance, pension insurance and whole life insurance. The market leaders for life insurance business were Bao Viet Life, Prudential, Daiichi and Manulife.

Market share of life insurance companies based on new business premium income in Vietnam in 2018

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Source

Release date

November 2019

Region

Vietnam

Survey time period

2018

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Statistics on "Insurance in Vietnam"

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