Life Insurance Around the World
January 21st, 2010Regardless of nationality, people everywhere want to protect themselves and their dependents from financial difficulties in the event of an emergency. Getting affordable life insurance is a big part of that, which is what makes it a world-wide phenomenon. Already well-established in the United States and Europe (where growth rates are mostly flat), life insurance sales are booming in so-called “emerging markets.” Countries like Brazil, Vietnam, India and China are seeing explosive growth in the number of life insurance policies being sold as their economies expand and mature.
Life Insurance in Vietnam
In Vietnam, for example, the insurance industry (including auto insurance, home insurance, life insurance and more) has grown by 29% per year on average since 2000.