National Economics UniversityAdvanced Program of Bachelor EducationFin 360Vietnamese Insurance
Companies Instructor : Nguyen Thi Minh Hue, PhD Group : 8 Nguyễn Linh Chi Ngô Thu Hường Lương Thị Lụa Nguyễn Thành Nam Lương Bảo NgọcHa Noi, 2011 |

Contents I. Introducing and Vietnamese Insurance Market Overview 2 1. Insurance history 3 2. Vietnamese Insurance market overview 4 II. Life & Non-life Insurance 7 1. Life insurance 7 2. Non- life insurance 13 III. Balance Sheet 16 1. Balance sheets of life insurance companies: 16 2. Balance sheets of non-life insurance companies: 20 3. Investments – major assets: 24 4. Reserves – major liabilities: 27 5. Insurance Underwriting activities in Vietnam 27 IV. Regulations 29 Ref: 32

I. Introducing and Vietnamese Insurance Market Overview 1. Insurance history * Over the world * Insurance was considered to appear very early in around 3000 year Before Christ, when the Chinese merchants utilized the technique of sharing risk. In order to reduce risk, they divided the big lot of merchandises into small package ones on the way transportation. * As early as 2500 BC, Egyptian masons organized a club to provide funds for the burial of member. * Around the 3rd century B.C., Greek burial societies were common devices for meeting the expenses of burial and the needs of widows and orphans. * In the 15th Century, the first insurance contract appeared was marine insurance, in which the oldest marine ins contract was found in April 22nd in 1392 in Floren, Italy. * From XVI to XVII century was the development of marine insurance and England was the domination place. * In 2/9/1666, After the Great Fire of London, Fire Insurance was born and fire insurance comps officially open their activities, such as the “Fire Office“ (1667),