According to non-life insurance company, motor vehicle insurance and health insurance accounts for the majority of the premium revenue, respectively reaching 28.2% and 21.5%.
According to the Office of Management and supervision Insurance (ISA) announced at the Conference "Improving governance capacity Insurers, towards international standards" was held on 14.12.2015, Vietnam currently has 29 non-life insurance company, while 10 Companies Limited, Ltd. 24 members and 15 joint stock insurance company.
The total original premium revenue period 2011 - 2015 the average growth of 11% / year. 2015, written premiums revenue estimated at 31,400 billion, up 14% compared with 2014.
Also in the market non-life insurance, motor vehicle insurance and health insurance accounts for the majority of the premium revenue, respectively reaching 28.2% and 21.5%. Property insurance and damage insurance with 21.1% 3rd premium revenue.
Thus in 2015, who spent over 8,800 billion Vietnamese for the cost of insurance of motor vehicles, but the number of health insurance for just over 6.700 billion.
Insurance compnay: Car insurance promotion at New Year
To show gratitude to customers on New Year occasion, non-life insurance company is attempting unwind promotional programs through gifts or reduction. Accordingly, customers buy car insurance will get big promotion.
Non-life insurance company consistently achieved strong growth in recent times. In particular, the type of insurance of motor vehicles (mainly automobiles) account for the largest share in the total turnover of non-life premiums. According to the Vietnam Insurance Association, the first 6 months of this year, total sales reached 15 286 billion of insurance in which revenues from insurance of motor vehicles reached 4,658 billion, up 25% yoy year 2014.
Along with the strong momentum of the automotive market, industry experts said that the insurance market in motor vehicles are small though but will retain rapid growth momentum in the future and the potential environment for mining enterprises.
However, the potential market also means that enterprises face competitive pressures, increasing market share. Therefore, to create a solid foothold in the market, companies in the industry is struggling to improve sales policy, offering more incentives and customer care in order to attract and retain customers.
The program takes place from 01.01.2016 till 31.03.2016 and end on applied on a national scale with hundreds of thousands of coupons gasoline / oil Petrolimex to give customers the insured Matter personal cars.
In fact, in addition to implementing various promotions, to make a difference compared to the competitors, the non-life insurance company also increasingly paid more attention to product quality and after-sales service groin. 2015 was the year witnessed the efforts of insurers to offer a system of full services and utilities.
According to the management and supervision of insurance, 2015, the total amount of the estimated compensation insurer's non-life insurance 13 177 billion (according to the Administration & supervision of insurance). This figure has proved to insurers are becoming prestigious address, only to trusted customers sending risk.
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