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Vietnam life insurance market to contract for third consecutive year in 2025, forecasts GlobalData - GlobalData

Summary by GlobalData

The life insurance market in Vietnam is forecast to contract by 1.3% to VND146.1 trillion ($6.0 billion) in 2025 from VND148.0 trillion ($6.1 billion) in 2024, in terms of gross written premium (GWP), following successive negative growths of 12% in 2023 and an estimated 5.7% in 2024 due to irregularities in bancassurance sales and economic challenges, according to GlobalData, a leading data and analytics company. GlobalData’s Insurance database …

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Vietnam life insurance market to contract for third consecutive year in 2025, forecasts GlobalData - GlobalData

The life insurance market in Vietnam is forecast to contract by 1.3% to VND146.1 trillion ($6.0 billion) in 2025 from VND148.0 trillion ($6.1 billion) in 2024, in terms of gross written premium (GWP), following successive negative growths of 12% in 2023 and an estimated 5.7% in 2024 due to irregularities in bancassurance sales and economic challenges, according to GlobalData, a leading data and analytics company. GlobalData’s Insurance database …

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GlobalData broke the news in 4 days ago on Wednesday, February 19, 2025.

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