Life insurance premiums are estimated at 148.8 trillion VND, up by 0.5%, while non-life insurance premiums are expected to reach 88.4 trillion VND, a rise of 10.3%.

The insurance market continues to experience steady growth, according to the National Statistics Office (NSO).

Insurance premium revenue in the fourth quarter of last year is estimated to surge by 4.5% compared to the same period last year, with life insurance premiums up by 1.1% and non-life insurance premiums rising by 11.1%.

The total amount of insurance benefits paid out is estimated to reach 91.8 trillion VND by the end of last year, a growth of 13.5% compared to 2024.

The total amount invested back into the economy is expected to be nearly 959 trillion VND, rising by 10.3%.

The total assets of the insurance market are estimated at VNĐ1.1quadrillion, up by 8.6%, while total insurance reserves are expected to increase by 8.8%, and the total equity capital of insurance companies is forecast to grow by 3.8%.

There are currently 86 insurance companies operating in both life and non-life insurance sectors in Vietnam.

According to data from the Insurance Association of Vietnam, in the non-life insurance sector, health insurance has the largest revenue in the first nine months of the year, followed by property insurance, engineering insurance, motor vehicle insurance, maritime insurance, and other types of insurance.

In the life insurance sector, for the first nine months of the year, total life insurance premiums are estimated at 105.8 trillion VND, a decrease of 0.65% compared to the same period last year./.