Vietnam National Reinsurance

What Vietnam National Reinsurance does

Vietnam National Reinsurance (Vinare) is Vietnam's national reinsurance company, founded in 1994 and headquartered in Hanoi with operations in Ho Chi Minh City. The company is publicly listed on the Hanoi Stock Exchange under ticker VNR and operates as a state-owned enterprise within Vietnam's insurance sector. Vinare serves as the primary destination for reinsurance capacity ceded by primary insurers operating in the Vietnamese market, supporting both treaty and facultative placements across domestic risk pools.

Name

Vietnam National Reinsurance

Website

https://vinare.com.vn

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

101–250 employees

Short description

Vietnam's national reinsurer, founded in 1994 and listed on the Hanoi Stock Exchange (VNR), providing treaty and facultative reinsurance capacity to primary insurers across Vietnam's domestic market.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130), Reinsurance Carriers (52413)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Treaty Reinsurance Brokerage (FSAOAHAA)

akta.pro secondary industries

Property Treaty Reinsurance (FSAOAEAC), Casualty Treaty Reinsurance (FSAOAEAD), Catastrophe Treaty Reinsurance (FSAOAEAE), Health & Accident Treaty Reinsurance (FSAOAEAB)

Keywords

• Reinsurance underwriting
• Treaty reinsurance
• Facultative reinsurance
• Risk transfer solutions
• Insurance cedant services

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Core offering

Vietnam National Reinsurance provides reinsurance coverage to primary insurance companies operating in Vietnam, accepting ceded portions of underwriting risk in exchange for reinsurance premiums. Its offering spans treaty and facultative reinsurance across major lines of business, complemented by the investment of technical reserves to support long-term liability matching. The firm serves as the domestic alternative to foreign reinsurers for Vietnamese cedants.

Differentiator

Problem solved

Functional benefit

Products and services

• Treaty Reinsurance Proportional and non-proportional reinsurance treaties ceded by primary insurance companies in Vietnam, providing portfolio-level risk transfer and capacity support.
• Facultative Reinsurance Case-by-case reinsurance for individual large or non-standard risks ceded by primary insurers, including property, marine, engineering, and liability exposures.
• Retrocession Arrangements Outward reinsurance placements with international reinsurers to manage catastrophe and accumulation exposures beyond the company's net retention.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Expansion highlights3 records

Broad incumbents

• SCOR: A French-listed global reinsurer with strong P&C and Life treaty franchises in Asia. Comparable to VINARE in treaty reinsurance and in competing for Southeast Asian primary insurer cessions.
• Swiss Re: A leading global reinsurer underwriting P&C, life, and specialty risks worldwide. Directly competes with VINARE for Vietnamese cessions and serves as a model for diversified reinsurance portfolios.
• Hannover Re: A major global treaty and facultative reinsurer active across all major lines and geographies. Comparable to VINARE in treaty reinsurance focus and in competing for Asian cedent portfolios.
• Munich Re: One of the world's largest reinsurers offering treaty and facultative reinsurance across P&C, life, and specialty lines. Comparable to VINARE as a direct competitor for Vietnamese cedent business and as a global benchmark for reinsurance operating model.

Direct peers

• Korean Re (Korea Reinsurance Company): A national reinsurer of Korea operating in P&C and life treaty reinsurance across Asia. Highly comparable to VINARE as an Asian national/regional reinsurer pursuing cross-border Asian cedent business.
• General Insurance Corporation of India (GIC Re): India's national reinsurer and a public-sector enterprise providing domestic and international treaty reinsurance. Highly comparable to VINARE as a state-owned national reinsurer serving a large emerging Asian market.
• Asian Reinsurance Corporation: A Bangkok-headquartered Asian reinsurance pool with multi-country government shareholders, focused on treaty reinsurance across emerging Asia. Comparable to VINARE in regional Asian treaty reinsurance and in government-linked ownership structure.
• Malaysian Re (MRe): The national reinsurer of Malaysia, providing treaty and facultative reinsurance in the ASEAN region. Closely comparable to VINARE as a state-backed ASEAN national reinsurer with similar geographic and product scope.
• Toa Reinsurance Company: A Japanese reinsurer with an Asian treaty franchise spanning P&C, marine, and specialty lines. Directly comparable to VINARE in providing treaty reinsurance solutions to primary insurers across Asia.

Regional players

• Thai Reinsurance Public Company: A Thai-based reinsurer providing treaty and facultative reinsurance primarily within Thailand and selectively across ASEAN. Comparable to VINARE as a Southeast Asian national reinsurer competing for similar cedent relationships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/vinare

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vietnam National Reinsurance