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[BUSINESS] · Vietnam · 2 sources

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Insurance Market Outlooks Remain Stable for Cyber and Vietnam Non‑Life Sectors

The global cyber insurance market is projected to maintain a stable outlook despite softening pricing pressures. Insurers face rising loss costs driven by social inflation and complex product‑liability risks, prompting some large organizations to adopt self‑insured retentions as a cost‑control strategy. “In an environment shaped by inflation, supply chain disruption and litigation volatility, these pressures are not only influencing pricing but also reshaping how organizations think about risk ownership,” said Seth Hollis, head of specialty general liability at The Hanover.

In Vietnam, AM Best reaffirmed a stable outlook for the non‑life insurance segment, citing robust demand, increased technology adoption, and strong macro‑economic fundamentals such as buoyant electronics exports and foreign direct investment. The agency highlighted solid operating earnings in 2025 and a resilient first half of 2026, supported by ample reinsurance capacity and favourable renewal terms. Vietnam’s Hanoi Re also earned a “Best (Re)Insurer” award, marking its 15‑year anniversary.

Entities

AM Best · Hanoi Re · Seth Hollis · The Hanover · Vietnam non‑life insurance market