- Home > Segmenting Vietnam’s life insurance market
Segmenting Vietnam life insurance market 2018 report provides us unique insights into current behavior and attitudes across life insurance customers. The study helps life insurers to create products based on consumer needs across different segments and to sharpen their products; services and communication strategies.
The life insurance industry is transforming as customer expectations, demographics, and financial priorities evolve. Cimigo identifies six consumer segments with distinct needs, communication preferences, and brand perceptions. To succeed, life insurers must align their marketing and product strategies with these nuances.
This report analyses each segment’s size, touchpoints, marketing strategies, customer experience preferences, and how insurers perform, focusing on brand strengths and weaknesses.
The analysis is based on a Cimigo study of 1,800 consumers across thirteen cities in Vietnam: HCMC, Bien Hoa, Phan Thiet, Can Tho, Rach Gia, Ca Mau, Da Nang, Nha Trang, Buon Me Thuot, Vinh, Ha Noi, Hai Duong and Ha Long. The sample is representative of the city size and demographics of decision-makers regarding household finance and purchasing a life insurance policy. All participants were female and male, aged 23 to 65, with a monthly household income above VND 9,000,000.
Cimigo underscores the importance of a segmented approach to life insurance marketing. Understanding each group’s distinct needs, touchpoints, and customer experience preferences enables insurers to craft targeted strategies that build trust and loyalty. As the industry evolves, insurers must invest in digital transformation, enhance agent training, and create tailored products that resonate with each segment. Brands prioritising customer empathy and responsiveness will stand out in an increasingly competitive landscape.
Vietnam life insurance market highlights
The Segmenting Vietnam life insurance market report offers comprehensive insights into the life insurance market.
Optimising business structure
- Creating products based on consumer needs.
- Segmenting the market.
Retaining current users
- Understanding customer satisfaction.
- Discover ways to inspire loyalty, reduce churn.
Generating demand amongst non-users
- Understanding consumer needs, motivations, barriers.
- Best approaches to potential customers.
This Cimigo report is available to purchase for VND 88,000,000.
The report will be delivered after 3 working days since the contract and payment are received.
For any additional requests, please email us at ask@cimigo.com
End.
Minh Thu - Consumer Market Insights Manager
Travis Mitchell - Executive Director
Malcolm Farmer - Managing Director
Hy Vu - Head of Research Department
Joe Nelson - New Zealand Consulate General
Steve Kretschmer - Executive Director
York Spencer - Global Marketing Director
Laura Baines - Programmes Snr Manager
Mai Trang - Brand Manager of Romano
Hanh Dang - Product Marketing Manager
Luan Nguyen - Market Research Team Leader
Max Lee - Project Manager
Chris Elkin - Founder
Ronald Reagan - Deputy Group Head After Sales & CS Operation
Chad Ovel - Partner
Private English Language Schools - Chief Executive Officer
Rick Reid - Creative Director
Janine Katzberg - Projects Director
Anya Nipper - Project Coordination Director
Dr. Jean-Marcel Guillon - Chief Executive Officer
Joyce - Pricing Manager
Matt Thwaites - Commercial Director
Aashish Kapoor - Head of Marketing
Kelly Vo - Founder & Host
Thanyachat Auttanukune - Board of Management
Hamish Glendinning - Business Lead
Thuy Le - Consumer Insight Manager
Richard Willis - Director
Ha Dinh - Project Lead
Geert Heestermans - Marketing Director
Louise Knox - Consumer Technical Insights
Aimee Shear - Senior Research Executive
Dennis Kurnia - Head of Consumer Insights
Tania Desela - Senior Product Manager
Thu Phung - CTI Manager
Linda Yeoh - CMI Manager
Cimigo’s market research team in Vietnam and Indonesia love to help you make better choices.
Cimigo provides market research solutions in Vietnam and Indonesia that will help you make better choices.
Cimigo provides a range of consumer marketing trends and market research on market sectors and consumer segments in Vietnam and Indonesia.
Cimigo provides a range of free market research reports on market sectors and consumer segments in Vietnam and Indonesia.