Vietnam insurers eye 5-10% growth

Vietnam’s insurance sector is showing signs of recovery, with more than half of firms expecting market growth of 5–10% in 2025, according to a survey by Vietnam Report. Total premium revenue reached nearly VND75tr (USD3.3bn) in the first four months, up 5.4% year-on-year, driven by strong performance in the non-life segment and policy changes such as Decree 105/2025 mandating higher fire insurance premiums. Technology adoption has surged, with 92.2% of firms using AI in claims processing—double last year’s rate. Investment in insurtech continues to rise, as companies aim to optimise operations and personalise customer service. The industry also benefits from growing consumer awareness and expanding bancassurance partnerships. Vietnam Report also named the Top 10 most prestigious insurance brands this year.