Bao Viet insurer reposts nearly 200b dong profit in 2008

Bao Viet Insurance Corp under the Bao Viet Group recently reported gaining 3.783 trillion dong in insurance premium in the year 2008, a growth rate of 22% from 2007 and equalling to 107% of the year’s plan.

Of which, the insurer posted 3.597 trillion dong in premium from insurance sector in 2008, rising 23.6% from 2007 and 200 billion dong in pre tax profit.

According to statistic from Insurance Supervision and Management Department-the Ministry of Finance, Bao Viet’s market share in 2008 was 32.5%, taking the leading post in Vietnam’s insurance market.

Along with expanding its network, in 2008, Bao Viet insurer also focused on developing close ties with big partners and the world’s leading reinsurance companies such as Munich Re, Swiss Re, Allianz Re and Hanover Re and international insurance brokerage companies like Aon, Mash, Gras Sayover and Jardine Lloyd Thompson.

 

Category: Finance