(for illustration only. Source: DTCK)

The leading non-life insurer remains Bao Viet insurance corporation with premiums of 5.4 trillion VND (260 million USD), according for 23.8 percent of the market share.

It is followed by PetroVietnam Insurance Joint Stock Corporation with 4.6 trillion VND (221 million USD), capturing 20.4 percent of the market share.

Bao Viet saw a growth of nearly 11 percent year-on-year. The corporation aims to emulate last year’s growth and retain its proportion of the market share at around 24-25 percent.

The insurance sector experienced a tough year in 2012, but the non-life insurance market has grown by an impressive 10 percent, with total revenues at over 22.7 trillion VND (1.1 billion USD).

Source: VNA