Bank for Investment and Development of Vietnam Insurance Corporation (BIC)
BIC was established as part of the strategy to create a BIDV-branded financial group; this was achieved through BIDV’s acquisition of the equity stake held by QBE Insurance Group (Australia) in the Vietnam-Australia Insurance Joint Venture—a foreign-invested enterprise that had been operating in Vietnam since 1999. The company officially commenced operations under its new name, BIC, on January 1, 2006.
According to statistics from the Insurance Association of Vietnam, BIC currently ranks among the top 10 non-life insurers in terms of direct insurance market share and is one of the top three non-life insurers with the highest profitability in the market. BIC leads the market in the development of bancassurance and online insurance (e-business) channels. It is also the first insurance company to establish an operational network covering the entire Indochina region.
20
Year of development
38
Member company
1,442
Staff members
B++
Rated by A.M. Best
2
Overseas joint venture
2,020
Charter capital in billions of VND
Vision
•
Continued to maintain a position among the top 5 companies leading in gross written premium market share.
•
Solidifying its position among the top three companies with the highest profitability in the market.
•
Ranked #1 in revenue through the bancassurance channel.
Mission
For customers
Providing comprehensive solutions to manage financial risks for customers
For Employees
Build a high-performance work culture that maximizes employee potential.
For Shareholders
Create sustainable value and profit.
For the community
Contribute to the development of society.
Core values
Innovation
Continuously innovating products - processes - technology (digitalizing the journey, integrating the BIDV ecosystem) to bring better experiences to customers.
Beyond
Expanding reach across the region and internationally through sustainable growth; solidifying a Top 3 position and the role of a “comprehensive insurance platform” for customers.
Insightful Caring
Adopting a customer-centric approach—prioritizing transparency, rapid response, and effective compensation—and building and nurturing mutually beneficial partnerships with customers and partners.
Certainty
Discipline, rigorous risk management, and consistent service standards; reliably and credibly protecting client interests.
Journey and Development
2026
In 2026, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2025
In 2025, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2024
In 2024, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2023
In 2023, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2022
In 2022, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2021
In 2021, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2020
In 2020, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2019
In 2019, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2018
In 2018, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2017
In 2017, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2016
In 2016, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2015
In 2015, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
2014
In 2014, BIC launched a new brand identity while maintaining its position among the top five insurers by gross written premium market share and ranking in the top three non-life insurers with the highest profitability in the market.
Reward
Golden FDI Award 2008
2006 Golden FDI Award
2008 Golden FDI Award
Vietnam's best non-life insurance company
Top 100 Strongest Brands in Vietnam
2010 Vietnam Gold Star Award
Customers and partners
Reinsurer
