Economy

In 2023, the Vietnamese insurance market in general and the non-life insurance sector in particular will continue to face many difficulties. According to data from the Insurance Supervision Administration (Ministry of Finance), total insurance premium revenue in the entire market in 2023 is estimated to reach VND 211,187 billion, down 4.43% over the same period last year, of which revenue Insurance premiums in the non-life insurance sector are estimated to reach VND 71,149 billion, growing regarding 2% compared to 2022. In that context, with efforts and proactive and creative business solutions, BIC still achieve positive and comprehensive results in 2023.

Reporting to the Conference on business results in 2023, BIC General Director Tran Hoai An said that the total insurance premium revenue of BIC Parent Company last year reached nearly 5,000 billion VND, growing nearly 30% compared to the previous year. , completing 104% of the year’s plan. Of which, original insurance premium revenue is over VND 4,600 billion, growing nearly 30% compared to 2022, completing 105% of the yearly plan, helping BIC rise and maintain the Top 6 position in market share of insurance premium revenue. root danger.

BIC’s efficiency indicators in 2023 will also have a strong breakthrough. Total consolidated profit before tax reached nearly 580 billion VND, growing nearly 50% compared to the previous year, completing 120% of the year’s plan. Of which, pre-tax profit alone reached nearly 560 billion VND, growing over 50% compared to 2022. In particular, BIC continued to record high profits from insurance business activities. Return on total assets ROA and return on equity ROE also increased, at 6.4% and 17.0%.

In addition to good business results, in 2023, BIC also achieved many positive results in other aspects of operations such as: being ranked by AM Best for financial capacity at the highest aaa.VN level in Vietnam; was honored with many prestigious titles and awards such as Top 10 most prestigious non-life insurance companies in Vietnam, Top 50 best growth companies in Vietnam, Top 500 largest enterprises in Vietnam, Top 500 most profitable enterprises in Vietnam, Top 10 best places to work in the non-life insurance industry in Vietnam.

Chairman of the BIC Board of Directors Tran Xuan Hoang spoke to direct the Conference.

Speaking at the Conference, Mr. Tran Xuan Hoang – Chairman of the Board of Directors of BIC, highly appreciated the impressive results that BIC has achieved in 2023. Mr. Tran Xuan Hoang also congratulated and thanked the Board of Directors. Leaders and all BIC employees for a year of dedication and efforts to contribute to the overall business results of the system. Looking forward to 2024, Mr. Tran Xuan Hoang proposed that the BIC system continue to grow strongly in revenue associated with ensuring operational efficiency, striving to be in the Top 5 leading non-life insurance companies in terms of scale. market share, while continuing to maintain its position as one of the three leading non-life insurance companies in terms of profitability in the market; Improve governance and risk management in a prudent, safe and effective manner.

BIC is determined to complete the challenging goals of 202

Within the framework of the 2023 Summary Conference, BIC also organized many meaningful programs including the 2024 business plan launching Gala and the 2023 Venus Awards Ceremony for the most outstanding individuals and groups in the industry. year with the Workshop to exchange professional, business and accounting policies for 2024. The programs have contributed to enhancing the spirit of solidarity, fanning the fire of determination of the BIC system, ready to face difficulties. difficulties, challenges and reap successes in 2024.

The Stallions drew, 2-2, this Saturday January 20, 2024 once morest the Fennecs of Algeria during the second day of the African Football Cup of Nations. After leading twice, coach Hubert Velud’s team was always caught behind. The Stallions are second in Group D behind Angola. In this micro sidewalk, supporters appreciate this confrontation which brought together 33,501 people inside the bowl of the Bouaké Peace Stadium.

*Karim Souabou, Director General of the National Fund for the Promotion of Sports and Leisure:* The Stallions have come for a seven-battle fight. We won the first battle once morest Mauritania. The second took place today once morest Algeria. The team produced a collective game in the first half. I congratulate the players for the game they produced. But we will have to learn to manage our matches. The observation that emerges is that all matches are played at least, with added time, in 100 minutes. This evening, there were 9 minutes of added time and unfortunately we were unable to manage the lead we had. We finally played into the hands of Algeria who, at one point in the match, seemed to be playing for a draw.

For the match once morest Angola, the Stallions have every chance. it must pass for victory but failing that at least a draw to confirm the ticket for the round of 16.

*Mohamed Faouzi, Algerian supporter:*

The match was very difficult for Algeria which presented tactical flaws. I think the weather had something to do with tonight’s score. After Burkina Faso, the players and staff will certainly prepare for the match once morest Mauritania scheduled for January 23, 2024.

*Kadi Diallo, originally from Burkina Faso and resident in Bouaké:*

The Stallions played very well. But they had to relax in stoppage time, certainly because they believed victory was assured. Which allowed the Algerians to equalize. I think we will have to stay once morest it in the next match until the end.

*Karim Tapsoba, Burkinabè supporter:*

The Stallions produced a good game. Unfortunately they were unable to maintain the lead they had over the opponent. I remain optimistic for the match once morest Angola. The Stallions can beat the Angolan team.

*Boureima Ouédraogo, Publication Director of the newspaper Le Reporter:*

The team performed well until the final minutes of the match. When we finished regulation time with a goal in advance, we said to ourselves that we had qualification at our fingertips. it had to be managed well. Unfortunately we made some mistakes, Algeria believed in it, the players held on and got the draw. Looking at the match as a whole, we might have done better by qualifying for the round of 16. The football gods have decidedly otherwise.

In the future, we will also have to be very careful in how we rotate the squad. We had the impression that with a one-goal lead, the staff was convinced that victory was a foregone conclusion and during the substitutions brought in players who were unable to quickly get into the flow of the game. The proof The second came on a bad play from a newcomer.

Apart from that, the Stallions fought well but there are still adjustments to be made. If the staff settles these things well, I believe that the team will be talked regarding in this competition. I hope that the team can improve in order to attack the next match with more serenity. As for the qualification, I have no doubts. Even if it is among the best thirds, the Stallions will be able to be part of the rest of the competition but we want to pass valiantly without counting on these calculations.

*Comments collected by Issa Sawadogo* *, special correspondent in Bouaké*

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