Bao Viet Insurance Corp to hike chartered capital to 1.5tr dong

Bao Viet Insurance Corp has got approval from Ministry of Finance to increase its chartered capital to 1.5 trillion dong in order to meet the development demands in the near future.

In 2010, Bao Viet Insurer targets to reach total revenue of over 4.8 trillion dong, in which insurance premium would be more than 4.2 trillion dong, increasing by 15 percent against that of 2009.
The corporation’s total profit was expected to be nearly 300 billion dong.

Apart from its direct distribution channel in 66 member companies and over 300 insurance offices nationwide, Bao Viet Insurance has also expanded its bancassurance channel. The company also developed new distribution channels such as E-commerce and Telesales in 2010, setting up customer service operator of Call Centre with the purposes of improving the quality of customer care services and meeting the customers’ demands through providing best services.

Tags: Bao Viet Insurance, Vietnam insurance, Vietnam insurance industry, Vietnam insurance market

Posted by VBN on Jun 18 2010. Filed under Banking-Finance, Insurance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry