H1/2013: BIC earns 53.48b dong of pre-tax profits
Meanwhile, non-life insurance market in the first 6 months increased about 2.2 percent, the lowest level over the last years.
In the early 6 months, distribution channels approached individual customers such as Bancassurance, online website www.baohiemtructuyen.com.vn of BIC increased 37 percent and 80 percent year-on-year respectively.
For Laos-Vietnam Insurance Company (LVI), premium revenue increased 40 percent while profit increased 1.4 times year-on-year. Besides aviation insurance, LVI becomes a leading insurer of hydro power in Laos with the whole insurance contracts for 7 hydropower plants of the Laos Electricity Corp, Sekaman 1 and Sekaman 3 Hydropower of Vietnam-Laos Hydropower Company. Cambodia-Vietnam Insurance Company (CVI) in Cambodia also recorded growth.
Currently, BIC has been completing the procedures to transfer capital and raise its ownership at 2 joint ventures to 65 percent.
In the early 6 months, distribution channels approached individual customers such as Bancassurance, online website www.baohiemtructuyen.com.vn of BIC increased 37 percent and 80 percent year-on-year respectively.
For Laos-Vietnam Insurance Company (LVI), premium revenue increased 40 percent while profit increased 1.4 times year-on-year. Besides aviation insurance, LVI becomes a leading insurer of hydro power in Laos with the whole insurance contracts for 7 hydropower plants of the Laos Electricity Corp, Sekaman 1 and Sekaman 3 Hydropower of Vietnam-Laos Hydropower Company. Cambodia-Vietnam Insurance Company (CVI) in Cambodia also recorded growth.
Currently, BIC has been completing the procedures to transfer capital and raise its ownership at 2 joint ventures to 65 percent.