Overview of Vietnam’s insurance market

In 2019, Vietnam has 65 Insurance companies including 31 non-life insurers, 18 life insurers, 2 re-insurance companies and 14 insurance brokerage companies. Total insurance revenue estimated more than 160,000 billion VND, contributes 2,9% GDP. Life Insurance There are 18 life insurance companies in Vietnam (1 local Insurance company and 17 from oversea) Life Insurance business increased rapidly and achieved 115,982 billion Vietnam Dong. In which,…