Introduction

The BIDV Insurance Corporation (BIC) was established based on the development strategy conceived of by the Bank for Investment and Development of Vietnam as a financial group operating under the BIDV rademark. Inheriting six year’s of experience in the non-life insurance market accumulated by the joint venture and 50 years of experience in the financial markets through BIDV, BIC continues providing non-life insurance products and service package to BIDV customers. In 2010, BIC ranked 6th out of 29 insurance companies with 3% of market shares for direct insurance premium.

Business sector

  • Non-life insurance: direct insurance and re-insurance;
  • Financial investments;
  • Re-insurance;
  • Other activities regulated by the law;

History

Date of incorporation 01/01/0001
Certificate of registration number 11/GPÐC8/KDBH
Date of issue 01/01/2011
Capital 1,172,768,950,000
Tax Code 010931299
Sectors & Industries Insurance > Full Line Insurance

  • In 1999, Bank for Investment and Development of Vietnam (BIDV) and QBE International Insurance Company cooperated to establish the BIDV – QBE Insurance Joint Venture, which came into operation in Jul, 1999.
  • By the end of 2005, BIDV bought the shares of QBE in the joint venture. It was renamed BIDV Insurance Company (BIC) from Jan 01, 2006.
  • In 2007, BIC increased its charter capital to VND 500 billion and opened 11 new branches and 30 regional business offices.
  • In 2010, BIC officially transformed from a 100% state owned company to a joint stock company with the new name BIDV Insurance Corporation. As of Oct 01, 2010, its charter capital increased to VND 660 billion.
  • On June 20 2011, the Ho Chi Minh City Stock Exchange officially allowed the company to list list shares on the exchange (stock code: BIC, listing volume: 66,000,000 shares). Its first trading date was on Sep 06, 2011.
  • In 2014, the company's charter capital was adjusted to VND 762 billion.

Listing information

Date of listing 01/01/2011
Stock exchange HOSTC
Par Value 10,000
Initial Listing Price 11,500
Listing Volume 117,276,895
Total Listing Value 1,172,768,950,000

Management team

Trần Xuân Hoàng Chairman of the Board of Directors
Nguyễn Thị Ngọc Tú Members of the Board
Đặng Thế Vinh Members of the Board
Vũ Kim Chi Members of the Board
Trần Hoài An Members of the Board
Gobinath Athappan Members of the Board
Nguyễn Huy Tựa Members of the Board
Lại Ngân Giang Board of internal controllers
Nguyễn Bích Thảo Member of the Board of Internal controllers
Osith Ramanathan Member of the Board of Internal controllers
Ravishankar Wickneswaran Member of the Board of Internal controllers
Lê Chi Lan Member of the Board of Internal controllers
Trần Hoài An Chief of Executive Officer
Trần Trung Tính Deputy CEO
Đoàn Thị Thu Huyền Deputy CEO
Huỳnh Quốc Việt Deputy CEO
Vũ Minh Hải Deputy CEO
Nguyễn Thanh Mai Chief Accountant
Vũ Minh Hải Representative Spokesman