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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Vietnam non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Vietnam's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Vietnam non-life (P&C) market as well as trends by line of business. Axco analysts also report on Vietnam's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Vietnam's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Vietnam, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Vietnam, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Vietnam with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Zambia's trends mainly move alongside those of its neighbours. The Zambian market, in 2020, continued to experience softening rates notably in the property, engineering and motor classes. The soft rate environment is caused in part by a comparatively high number of insurers for a relatively small market and the tendency to compete on price rather than service. The continuing levels of competition have led to the widespread use of discounted rates across property and motor classes with rates below the PIA's minimum rate guidelines. The IAZ's report on non-life business for 2019 showed that the loss ratio had increased to 49% ....
This is a brief extract of information; more updated information may be available in the latest published report.