Insurance is sharply increasing in 2010

The insurance market has had an excellent 2010 year. Premiums amounted to 30 690 billion VND (1.5 billion USD), 17 000 billion (876 million USD) of which in life insurance. This is the first time that life turnover exceeds that of non-life, strongly affected by the crisis. The increase in life business rose to 16%. This segment attracts foreign insurers who recognize its potential. Only 5% of the population has a life insurance policy.