Recently in July 2025, Bao Viet Insurance Corporation was announced by AM Best to have a Financial capacity rating (FSR) at B++ (Good), a long-term issuance credit capacity rating (ICR) at bbb+ (Good) and a rating according to the Vietnam National Score Rating (NSR) at the highest level in Vietnam (Excellent). The prospects of these rankings are considered stable.
AM Best is a globally prestigious organization in the field of insurance credit rating, with more than 125 years of operation, headquartered in the United States and present in more than 100 countries. AM Best's reviews are considered a standard measure in the industry, and are also an important basis for assessing the safety level and long-term development potential of the business in the eyes of investors, partners and customers.
According to AM Best, Bao Viet Insurance owns a very strong accounting balance sheet, along with stable operational efficiency, a balanced business structure and appropriate corporate risk management capacity.
In addition, Bao Viet Insurance is supported in terms of governance framework, finance and network from the parent company and members of Bao Viet, the leading Finance - Insurance group in Vietnam.
The ranking results are considered a reliable reflection of Bao Viet Insurance's stable financial foundation, operational efficiency and management capacity in the context of the Vietnamese insurance market in a strong restructuring phase, towards international standards on financial capacity, capital safety and insurance exploitation efficiency.
Mr. Doan Viet Trang - Vice Chairman of the Board of Members of Bao Viet Insurance Corporation said: "The rating from AM Best is clear evidence that a Vietnamese enterprise can completely meet the most stringent international financial standards, if it has the right strategy and long-term commitment to building core capacity from within."
For more than 60 years of development, Bao Viet Insurance - the oldest non-life insurance company in Vietnam, has always been steadfast in its development strategy focusing on strengthening the financial foundation, improving governance efficiency and service quality.
Specifically, according to AM Best's report, Bao Viet Insurance has the strength of the accounting balance sheet at the Best-Good (Very Strong) thanks to the risk-adjusted capitalization maintained at an optimal level according to the BCAR (Best's Capital Adequacy Ratio) model. The company owns a strong and flexible financial foundation, and has adjusted capital many times to meet the growing development needs.
In terms of operational efficiency, Bao Viet Insurance with an average ROE of 5 years is 9%. In 2024 alone, despite being affected by Typhoon Yagi, the company still achieved ROE of up to 11.8%, reflecting its efficiency in insurance business, cautious feeing policies and stable investment income from interest and dividends.
Bao Viet Insurance is currently a non-life insurance company in the top in Vietnam, accounting for 13% of the market share calculated according to the principal insurance premium in 2024.
being credit rated by AM Best at B++ (Good) is a clear demonstration of Bao Viet Insurance's solid financial capacity, ability to manage according to international standards and professionalism in operation.
Bao Viet Insurance is committed to accompanying customers anytime, anywhere through 24/7 support services via Hotline 1800 1118 / (024) 35 73 05 05 05 In addition, customers can access the website https://baovietonline.com.vn or contact the system of member companies and agents of Bao Viet Insurance nationwide for quickest and most convenient advice and support.
Previously, in 2024, Bao Viet Insurance affirmed its prestige and pioneering position when receiving a series of prestigious awards, typically the title "National Brand for Non-life Insurance Services" awarded by the Government and the international award "60 years of Outstanding Achievements in the Insurance Industry" from Global Banking & Finance Review, marking a proud milestone on the journey of sustainable development and international integration.
