Agricultural insurance & Baoviet Insurance - Vietnam
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Intro to Baoviet Ins & agricultural ins The pilot program of agricultural ins in Vietnam, supported by Swiss Re
Agricultural insurance & Baoviet Insurance - Vietnam
- 1. AAGGRRIICCUULLTTUURRAALL IINNSSUURRAANNCCEE TTHHEE PPIILLOOTT PPRROOGGRRAAMM IINN VVIIEETTNNAAMM Korea, November 2012
- 2. WWhhaatt ddoo yyoouu kkiinnddllyy kknnooww aabboouutt BBAAOOVVIIEETT IInnssuurraannccee CCoorrpp..??
- 3. CONTENTS
- 4. INTRODUCTION TO BAOVIET INSURANCE
- 5. INTRODUCTION TO BAOVIET INSURANCE BAO VIET INSURANCE is a 100% subsidiary of BAO VIET HOLDINGS BAO VIET LIFE CORP. BAO VIET FUND MANAGEMENT LTD BAO VIET SECURITITIES JOINT STOCK BAO VIET COMMERCIAL BANK BAO VIET INVEST JOINT STOCK BAO VIET AU LAC LTD. Other related companies
- 6. INTRODUCTION TO BAOVIET INSURANCE BAO VIET HOLDINGS Establishment: Jan 15, 1965 First insurance company in Vietnam Capital & Assets Title in here Strategic Partner Describe a vision of company or strategic contents. HSBC (18%) SCIC (3,3%) Share owners capital: Bil.VND11.666 ~ Mil.$ 580 Consolidated assets: over Bil.VND 43.581 ~ Mil.$ 2.180
- 7. INTRODUCTION TO BAOVIET INSURANCE BAO VIET INSURANCE CORP. Vision: To be the leading non-life insurance company in Vietnam Business lines: non-life insurance products; (2) reinsurance business; (3) loss adjustment; (4) financial investment activities & other business operations.
- 8. INTRODUCTION TO BAOVIET INSURANCE BAO VIET INSURANCE CORP. The figures 2011 business performance highlights Mil. $ 2.900 Mil. $ 2.438 Mil. $ 223 2012 outlook
- 9. THE PILOT OF AGRICULTURAL INSURANCE
- 10. THE PILOT OF AGRICULTURAL INSURANCE
- 11. 110000%% 8800%% 6600%% 2200%% Poor household Nearly-poor household Normal household Agricultural organization THE PILOT OF AGRICULTURAL INSURANCE Premium subsidy (%) for agricultural households by State
- 12. THE PILOT OF AGRICULTURAL INSURANCE The insured objects
- 13. THE PILOT OF AGRICULTURAL INSURANCE Results until September 30, 2012 Total premium: VND 126.771.000.000 ~ Mil.$ 6.338 Loss: VND 35.378.200.000 ~ Mil.$ 1.769, loss ratio: 30% Portion: aquaculture 60%, rice 29%, livestock 11% In which: BaoViet: VND 97.799.000.000 (Mil.$ 4.890) = 77.15%, loss ratio = 21.4% BaoMinh: VND 28.972.000.000 (Mil.$ 1.449) = 22.85%, loss ratio = 49.8%
- 14. SUMMARY
- 15. REINSURANCE The pilot program is covered by a quota share reinsurance program (95% reinsured) large reinsurers internationally THE POOL FUTURE A pool of agricultural insurance is wished to form in order to improve risk management & increase responsibility of involved parties. We are still improving our agricultural insurance program & after the pilot we hope to have long-term, stable & practical program. SUMMARY
- 16. THANK YOU FOR LISTENING ! BAOVIET INSURANCE CORP.