AAA Conference | 26 May 2017 Kuala Lumpur, Malaysia Members Report: AEGIS Co.,Ltd

AAA Members Report – Vietnam Country: Vietnam Name of Member: AEGIS Membership details (update) Annual Premium Turnover: USD4,684,391 (excluding fees & large projects) Number of Staff: 29 Location: Vietnam • • • Countries of Operation: Vietnam, Myanmar (Laos/ Cambodia)*

AAA Members Report – Vietnam Professional Indemnity Details (update) Limit of Indemnity: US$ 2 million Legislative Requirements: Yes Insurer: AIG • • •

AAA Members Report – Vietnam Who regulates Insurance Brokers in the country: Ministry Of Finance What Insurance Broker and Agent Education Programs exists: Chartered Insurance Institute (CII UK) How many Insurers operate in the country: 46 (29 non-life insurance companies & 17 life insurance companies)

AAA Members Report – Vietnam Market Conditions Number of Insurers decreasing, increasing, stable: Stable Insurance capacity decreasing, increasing, stable: Stable Premiums decreasing, increasing, stable: Increasing Commissions decreasing, increasing, stable: Average Broker income percentage earned as fees: Increasing • • • • •

AAA Members Report – Vietnam Number of Brokers decreasing, increasing, stable: Stable Overall level of Insurance Business decreasing, increasing, stable: Stable Percentage of business controlled direct by Brokers: Increasing Percentage of business controlled direct by insurers: Stable Percentage of business controlled by other outlets: Stable • • • • •

AAA Members Report – Vietnam Information Technology used by Brokers (including Internet): Global & AEGIS Online CRM + Google Applications for Business

AAA Members Report – Vietnam Political issues at time of report: Medium- High Risks Economy at time of report: Low growth

AAA Members Report – Vietnam Member’s view of Insurance Broking over the next three years: Good - Excellent Any major issues to be resolved: Market Professionalism Member’s principle activities over last year: Consolidation + Major Projects Member’s planned activities over the coming year: Consolidation/Expansion + Major Projects