Intro to Baoviet Ins & agricultural ins The pilot program of agricultural ins in Vietnam, supported by Swiss Re

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TTHHEE PPIILLOOTT PPRROOGGRRAAMM IINN VVIIEETTNNAAMM
Korea, November 2012

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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 owner’s 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.