Baoviet Insurance marks 60 years of excellence in Vietnam’s insurance industry

Baoviet Insurance, Vietnam’s first and oldest non-life insurance company, was recently recognized with a “60 Years of Excellence Awards - Insurance, Vietnam 2024” award from the Global Banking & Finance Review magazine. The prestigious award recognizes organizations with outstanding achievements and a positive impact on the market over decades of operation. It acknowledges Baoviet Insurance’s contributions over the past 60 years, affirming its pioneering position and influence in Vietnam’s insurance industry.

“This award is a well-deserved recognition of Baoviet Insurance’s 60-year commitment to protecting the peace and health of millions of customers,” a representative from Baoviet Insurance said. “As the first non-life insurance brand in Vietnam, established in 1965, Baoviet Insurance has not only become a pillar of security in the lives of many generations of Vietnamese families but also a trusted partner of domestic businesses on their path to growth and development. For the past 60 years, we have been honored to be a part of Vietnam’s journey towards independence, happiness, and prosperity, alongside every Vietnamese family. This commitment drives Baoviet Insurance to continue focusing on sustainable development. We are committed to continuously improving service quality, leveraging our internal strengths and experience to provide the best insurance services, thereby helping customers proactively move towards a prosperous and peaceful life.”

Leading the way in customer-focused insurance solutions

Throughout its 60-year history, Baoviet Insurance has developed a range of insurance policies with optimal benefits, meeting the comprehensive risk management needs of both individuals and businesses.

From health insurance solutions designed to be simple, accessible, and suitable for customers of various ages, from 15 days old to 70 years old, with premiums starting from just VND44,000 ($1,76) per person per year, to multi-sector enterprise risk management programs, Baoviet Insurance has conducted thorough research to build the best protection benefits.

Baoviet Insurance continues to expand its reach, establishing Vietnam's largest insurance network with over 245 top-tier medical facilities and thousands of affiliated automotive garages. With nearly 80 member companies and 70,000 agents nationwide, the company strives to make high-quality insurance services available to all Vietnamese citizens.

Moreover, Baoviet Insurance understands that to maintain customer trust, product and service quality must always be the core value. As a result, it has become a pioneer in technology transformation and system upgrades, enhancing the customer experience and creating a comprehensive insurance ecosystem that caters to diverse customer segments.

With a strategic focus on sustainable development, the ability to predict trends, and a swift response to market changes, Baoviet Insurance has firmly maintained its leading position in the insurance industry for many years.

Most recently, starting from July 30, the brand officially launched its new website interface at https://baovietonline.com.vn, making it easier for customers to engage with insurance services through a transparent, convenient, and seamless process. Furthermore, advanced technologies such as Optical Character Recognition (OCR), Artificial Intelligence (Docbase AI), and data analysis software (Power BI) have been actively researched and applied by Baoviet Insurance to optimize claims processing and document handling.

Receiving the “60 Years of Excellence” award from Global Banking & Finance Review marks a significant milestone in Baoviet Insurance’s 60-year journey of growth and development, solidifying the brand’s strength and resilience in an ever-evolving insurance market. The award is a well-deserved recognition of its exceptional ability to overcome challenges and innovate to meet the changing needs of the times. For 60 years, Baoviet Insurance has tirelessly supported generations of customers and businesses across Vietnam.

Global Banking & Finance Review is a globally-renowned organization that recognizes financial and banking institutions with innovative strategies that create change and inspire the global financial community. Baoviet Insurance was previously honored by Global Banking & Finance Review with awards for “Best Insurance Company Digital Transformation, Vietnam” and “Insurance Customer Satisfaction & Happiness, Vietnam.”