1

%

%

VIETNAM INSURANCE MARKET Quarter 1 - 2015

2

VIETNAM ECONOMICS 2014

4.1% INFLATION

in 2014 compare to 23% in 2011 13.4% GDP GROWTH average 2006 - 2014 20.2

equivalent to 93.5% of 2013 FDI in 2014,

billions USD

Korea: 36.2%

Hongkong:14.8 %

Singapore: 13.8%

Japan: 10.1%

in Vietnam

Top 4 foreign investors

Top Investment Sectors

Manufacturing & Processing Estate Trading Construction 3

3

INSURANCE MARKET

Q1 - 2015 HIGHLIGHTS

From January to March 2015, the Insurance Market witnessed a slightly good growth with total premium

of insurance market reached VND 7,611 billion, increased by 14.98% in comparison with

same period 2014.

Top 5 insurers of market includes:

PVI remains the market leader with 21.93% of market share, Bao Viet is the runner–up with 18.89% market

share and the 3 other positions belong to Bao Minh, PJICO, PTI with respectively 9.77%, 7.07%, 7.27% of

market share.

4

MARKET STRUCTURE

NON-LIFE INSURERS

LIFE INSURERS

BROKERS

RE-INSURERS

12

30

17

2

Q1 - 2015

*From 2014, Seoul

Guarantee Insurance – Hanoi branch (SGI) became the 30th Non-life Insurance on market

5

LIST OF NON-LIFE INSURANCE COMPANIES

100% Foreign

owned companies Bao Viet Tokio Marine

(49% TM) UIC

(NKSJ Japan/LIG/Bao Minh)

Samsung Vina (Samsung 50%/ VinaRE 50%)

AAA (IAG 61%) Bao Minh (AXA 17%) GIC (ERGO 25%) PVI (HDI Gerling 25%)

7

100% Vietnamese owned

companies

Join ventures & foreign

participations

100% Foreign owned

companies

100% Vietnamese owned companies

Bao Viet (Sumitomo 12% of BV Holdings)

PJICO PTI Bao Long BIC VASS Phu Hung ABIC MIC VNI Hung Vuong VBI SVIC Xuan Thanh

14 Join ventures & foreign participations ACE AIG Cathay Fubon Groupama Liberty MSIG QBE SGI (Hanoi Branch)

9 Q1 - 2015

6

100% Foreign

owned companies Prudential Vietnam Manulife Vietnam AIA Dai-ichi Life ACE Life Prévoir Great Eastern Life Cathay Life Korean Life Fubon Life Generali Vietnam

11

100% Vietnamese owned

companies

Join ventures

100% Foreign owned

companies

100% Vietnamese owned company

Bao Viet life insurance

1 Join ventures Vietcombank – Cardif

(VCLI) Vietin Aviva PVI Sunlife Phu Hung Life BIDV Metlife

5

LIST OF LIFE INSURANCE COMPANIES Q1 - 2015

7

100% Foreign

owned companies Gras Savoye Willis Marsh Aon JLT Toyota Tsusho

5

100% Vietnamese owned

companies

100% Foreign owned

companies

100% Vietnamese owned companies Việt Quốc East Asia Đại Việt Pacific Joint Cimeco Sao Việt Nam Á

7

LIST OF INSURANCE BROKERS Q1 - 2015

8

MARKET

100%

The non-life insurance market saw the lowest growth rate in the Vietnamese insurance market’s 10-year history with 7.46%.

20.0%

16.0%

18.0%

30.0%

27.0% 26.0%

24.0%

20.5%

10.7%

7.5%

17.44%

19.0%

6.0%

4.0%

13.0%

10.0%

13.0%

16.3%

16.1%

12.0%

23.1%

12.01%

0%

10%

20%

30%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Non Life Life

GROWTH RATE 2006 -2014

9

LIFE vs. NON LIFE INSURANCE

Q1 - 2014 vs. 2015

Life Insurance

+30.8%

6,924 billions

2015 5,312 billions

2014

Non-life Insurance

7,611 billions

2015 6,619 billions

2014

+14.98%

10

Motor vehical, 30.92%

Healthcare & accident,

21.30%

Property & Casualty,

19.02% Hull & PI, 8.11%

Fire , explosion,

8.06%

Good transported; 7.37%

Aviation; 2.01% Public liability; 2.19%

Trade credit & financial lines; 0.55% Business interruption; 0.47%

Agriculture; 0.13%

Guarantee; 0.04%

87.41%

DISTRIBUTION BY LINE

Q1 - 2015 PREMIUM

11

Personal

Accident &

Heathcare

Good

transported

Aviation Motor Vehicle Fire,Explosion

& PAR

Business

Interruption

Hull and P&I Public liability Agricultural Credit &

financial risk

Property &

Casualty

20142015

PREMIUM GROWTH BY LINE

Q1 - 2014 vs. 2015

24.47%

-11.56%

25.84%

20.41%

23.96%

5.71%

0.59%

4.73% 1.78% 107.62%

12.48%

12

CLAIM & LOSS RATIO BY LINE

Q1 - 2014 vs. 2015

Motor vehicle Property &

Casualty

Healthcare &

accident

Fire,

exploition

Agriculture Hull & PI Trade credit

& financial

lines

Aviation Public liability Good

transported

Business

interruption

2014 2015

2,884 Claim amount VND billions

37.9% Loss ratio Low ratio compared with

44.32% in 2013

Top 4 insurers

UIC(203%)

Phu Hung (90%)

BSH (67%)

Cathay: (137%)

13

INSURER’S MARKET SHARE

Q1 - 2015 NON-LIFE

PVI; 21.93%

Bao Viet; 18.89%

Bao Minh, 9.77%

PTI; 7.27% PJICO, 7.06%

MIC; 4.56%

Samsung Vina; 4.41%

BIC; 3.74%

ABIC; 1.96%

GIC; 1.62%

Others; 15.79%

64.92%

14

MARKET SHARE BY LINE TOP 5 INSURER’S

Q1 - 2015

MOTOR

VEHICLE HEALTHCARE

& ACCIDENT

PROPERTY

& CASUALTY

Bao Viet, 29.01% PVI, 17.07%

Bao Minh, 13.83% VASS, 12.26% ABIC, 6.28%

Bao Viet, 21.00% PTI, 14.55% PVI, 11.35%

PJICO, 11.22% Bao Minh, 9.56%

PVI, 48.47% Samsung Vina, 13.24%

Bao Viet, 7.39% BIC, 4.3% PTI, 3.29%

15

FIRE &

EXPLOSION HULL & PI

MARKET SHARE BY LINE TOP 5 INSURER’S

Q1 - 2015

PVI, 36.67% Bao Viet, 20.27%

PJICO, 12.36%

Bao Minh, 11.29% MIC, 8.5%

Bao Minh, 21.10%

Bao Viet, 14.62%

PJICO, 9.37% UIC, 5.86%

MIC, 5.65 %

16

END

Prepared by Marketing Dept. - Anh.nh