BIC share officialy list on HOSE
BIC established thanks to the acquisition of BIDV through the buying share from International Insurance Group of Australia (QBE) in the Viet Australia Insurance Joint Venture (which had been set up and operated in Vietnam from 1999). BIC officially operated under the new brand name of BIC from 1 January 2006. BIC has equitized and turned into General Corporation from 1 October 2010 and raised its chartered capital to 660 billions dong.
As estimated by the Vietnam Insurance Association, from 2008, BIC has been continuously among 6 leading non life insurers in term of gross written premium. In the period 2006 – 2010, BIC was one of fast growing insurance companies with average growth rate of 83% per year (the average growth rate of insurance market was 25% per year). Business scale continued to enlarge in the past 5 years: total asset increase 68% per year, technical provision increase 59% per year, network expanded to 21 wholly owned subsidiaries and 87 business offices.Being member of one of leading banks in Vietnam (BIDV), BIC has the advantages to develop advanced distribution channels and employ BIDV’s banking clients, selling insurance products via the Bank’s outlets. BIC is now the leader in Bancassurance in term of market share, number of clients serving, partnership banks network. BIC is the pioneer in developing the online channel: selling its insurance product through 1000 ATM of BIDV, owning the website www.baohiemtructuyen..com.vn.
Being member of one of leading banks in Vietnam (BIDV), BIC has the advantages to develop advanced distribution channels and employ BIDV’s banking clients, selling insurance products via the Bank’s outlets. BIC is now the leader in Bancassurance in term of market share, number of clients serving, partnership banks network. BIC is the pioneer in developing the online channel: selling its insurance product through 1000 ATM of BIDV, owning the website www.baohiemtructuyen..com.vn which allow clients buy insurance products online, make payment of its products via VnMart…
Citing his saying in the debut of BIC share, Mr Pham Quang Tung, BIC’s Chairman spoke: “With this listing, we hope to bring one more efficient option to investors. BIC commit to provide sufficient, transparent and in time information on our financial figures, business results, our performance to investors. Insurance market remains stable growth in the downturn of the economy, which confirms the potential and strength of insurance area. BIC look forward to the long term view and support of investors to the development of insurance market as a whole. We strongly believe that BIC as well as inrance market will maintain the impressive growth in next years.
Heading to 2015, BIC is striving to become 1 of 5 leading insurance companies in profit ability and one of the most favorite brand name to customers. Total asset in 2011 – 2015 increase 10% per year, gross written premium increase 30% per year, after tax profit increase 15% per year and ROE in 2015 is 17%.
As estimated by the Vietnam Insurance Association, from 2008, BIC has been continuously among 6 leading non life insurers in term of gross written premium. In the period 2006 – 2010, BIC was one of fast growing insurance companies with average growth rate of 83% per year (the average growth rate of insurance market was 25% per year). Business scale continued to enlarge in the past 5 years: total asset increase 68% per year, technical provision increase 59% per year, network expanded to 21 wholly owned subsidiaries and 87 business offices.Being member of one of leading banks in Vietnam (BIDV), BIC has the advantages to develop advanced distribution channels and employ BIDV’s banking clients, selling insurance products via the Bank’s outlets. BIC is now the leader in Bancassurance in term of market share, number of clients serving, partnership banks network. BIC is the pioneer in developing the online channel: selling its insurance product through 1000 ATM of BIDV, owning the website www.baohiemtructuyen..com.vn.
Being member of one of leading banks in Vietnam (BIDV), BIC has the advantages to develop advanced distribution channels and employ BIDV’s banking clients, selling insurance products via the Bank’s outlets. BIC is now the leader in Bancassurance in term of market share, number of clients serving, partnership banks network. BIC is the pioneer in developing the online channel: selling its insurance product through 1000 ATM of BIDV, owning the website www.baohiemtructuyen..com.vn which allow clients buy insurance products online, make payment of its products via VnMart…
Citing his saying in the debut of BIC share, Mr Pham Quang Tung, BIC’s Chairman spoke: “With this listing, we hope to bring one more efficient option to investors. BIC commit to provide sufficient, transparent and in time information on our financial figures, business results, our performance to investors. Insurance market remains stable growth in the downturn of the economy, which confirms the potential and strength of insurance area. BIC look forward to the long term view and support of investors to the development of insurance market as a whole. We strongly believe that BIC as well as inrance market will maintain the impressive growth in next years.
Heading to 2015, BIC is striving to become 1 of 5 leading insurance companies in profit ability and one of the most favorite brand name to customers. Total asset in 2011 – 2015 increase 10% per year, gross written premium increase 30% per year, after tax profit increase 15% per year and ROE in 2015 is 17%.