OPES
- Company typePrivate
- Founded2018
- HeadquartersHanoi, Vietnam
- Headcount51–100
- GTM typeB2C
- OfferingServices
OPES firmographics
Firmographics- Name
- OPES
- Legal name
- Công ty Cổ phần Bảo hiểm OPES
- Website
- https://opes.com.vn
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
OPES industry classification
Industry- Product category
- Non-Life Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Usage-Based / Telematics Personal Auto Insurance (FSAJAAAB)
- akta.pro secondary industry
- Telematics & Usage-Based Insurance (UBI) Platforms (FSAGAGAF)
Keywords
Where OPES is headquartered
LocationHeadquarters
- HQ city
- Hanoi
- HQ country
- Vietnam
- HQ region
- Asia
Offices1 record
Markets served
OPES business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain
Revenue model
- Insurance Premium Income: OPES generates revenue through collection of insurance premiums from various property and casualty insurance products including motor vehicle insurance, flight delay insurance, personal accident insurance, and home insurance. The company achieved gross premium income of VND 4,800+ billion in 2025, up 84% year-over-year.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | O•CAR - Vehicle Physical Damage Insurance with 3 tiers |
| Subscription | Annual | O•DRIVE - Mandatory Third-Party Liability Insurance for Cars |
| Subscription | Multi-year contract | O•BIKE PLUS - Comprehensive Motorcycle Third-Party Liability Insurance |
| Usage-based | Pay-as-you-go | O•FLIGHT - Flight Delay Insurance |
| Subscription | Annual | O•LIFE - Personal Accident Insurance |
| Subscription | Monthly | O•HOUSE - Home Insurance |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels7 records
OPES product offering
Product offeringCore offering
OPES (Công ty Cổ phần Bảo hiểm OPES) is a Vietnamese digital non-life insurance company that underwrites and sells property and casualty insurance products — vehicle physical damage (O•CAR), mandatory third-party liability for cars and motorcycles (O•DRIVE, O•BIKE, O•BIKE PLUS), flight delay (O•FLIGHT), personal accident (O•LIFE), and home (O•HOUSE) coverage — directly to consumers through its mobile app and website, and to enterprise partners via B2B2C embedded distribution. The full insurance lifecycle (purchase, policy management, claims) is handled digitally, with AI-powered image-based vehicle inspection, telematics-driven driving behavior scoring, and an automated Fast-track claims portal capable of resolving claims in approximately 30 minutes.
Differentiator
Problem solved
Functional benefit
Brands
- O•CAR: Bảo hiểm Vật chất ô tô - Digital car insurance product integrating telematics technology and AI solutions for vehicle coverage
- O•DRIVE
- O•BIKE PLUS
- O•BIKE
- O•FLIGHT
- O•LIFE
- O•HOUSE
Products and services
- O•CAR (Vehicle Physical Damage Insurance) Physical damage insurance for vehicles integrating Telematics technology and AI-powered image analysis for real-time risk assessment and driving behavior measurement. Available in Silver (from VND 3,200,000), Gold (from VND 3,600,000), and Diamond (from VND 4,500,000) annual tiers with coverage for accidents, natural disasters, fire, theft, and flood damage; eligible drivers receive up to 15% premium discounts based on telematics driving scores.
- O•DRIVE (Mandatory Third-Party Liability for Cars) Mandatory third-party liability (TNDS) car insurance required by Vietnamese law, providing property damage coverage up to VND 100 million per incident and bodily injury coverage up to VND 150 million per person per incident. Sold fully online with electronic certificate issuance and 12/18/24-month policy term options, starting from VND 360,000/year.
- O•BIKE PLUS (Comprehensive Motorcycle Insurance with Rescue) Comprehensive motorcycle insurance combining mandatory third-party liability coverage with roadside rescue services including emergency fuel delivery (up to 600ml), tire repair, and vehicle transport up to 50 km. Covers property damage up to VND 50 million and bodily injury up to VND 150 million per person per incident, priced from VND 600/day with 12/24/36-month policy options.
- O•BIKE (Mandatory Third-Party Liability for Motorcycles) Mandatory third-party liability insurance for motorcycles covering property damage up to VND 50 million per incident and bodily injury up to VND 150 million per person per incident. Fully online purchase and management via the OPES app with electronic certificates.
- O•FLIGHT (Flight Delay Insurance) Usage-based flight delay insurance covering domestic flights on Vietnam Airlines, Vietjet Air, Pacific Airlines, and Bamboo Airways. Premiums start from VND 10,000 per flight with compensation up to VND 1,000,000, paid within 12 hours of delay notification. Policy must be purchased between 24 hours and 7 days before departure; flight status verified via FlightAware integration.
- O•LIFE (Personal Accident Insurance) Personal accident insurance (Bảo hiểm Tai nạn đa năng) offering coverage from under VND 1,000/day with benefits up to VND 600 million. Individual and family packages available — Vui khoe (up to VND 200 million coverage, VND 200,000/day hospitalization) and Hanh phuc (up to VND 400 million coverage, VND 400,000/day hospitalization up to 30 days) — plus death/total permanent disability compensation and education cost support up to VND 120 million.
- O•HOUSE (Home Insurance / Bảo hiểm Nhà An Gia) Home insurance covering houses, apartments, and villas against fire, explosion, lightning, storms, floods, water damage, earthquakes, theft, and vehicle collision. Coverage from VND 300 million to VND 6 billion, premiums from VND 17,500/month, with policy terms up to 3 years plus temporary housing/rental cost support up to VND 5 million/month for up to 3 months.
- OPES B2B2C Insurance Product Suite B2B2C insurance product portfolio distributed through enterprise partners, including: financial activity insurance (personal network security risk, ATM withdrawal), personal accident insurance (driver & passenger, multi-purpose), shopping insurance, domestic travel insurance, flight delay/cancellation insurance, motorbike rescue services, credit health insurance (CFE, CRL, CHI), property insurance (all-risk physical damage, consequential loss, fraud), liability insurance (public, personal, business, D&O, banking), cash insurance, weather index insurance, mobile device insurance, comprehensive allowance insurance, health insurance, pet accident insurance, and event insurance — offered to financial institutions, retailers, and digital platforms.
Quantifiable outcome
- 95% revenue growth in 2024; 84% revenue growth in 2025 to VND 4,800+ billion
- +4 more outcomes
Companies that use OPES
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
OPES technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability5 records
Feature6 records
OPES partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core.
- MicrosoftcoreIn November 2023, OPES partnered with Microsoft to deploy Azure Cloud infrastructure. This partnership enables OPES to leverage Microsoft's cloud technology to strengthen its digital insurance platform and operational capabilities.
- MIC (Military Insurance Corporation)coreOPES, MIC, and PJICO signed a Memorandum of Understanding (MoU) for the VPBank O•CARCARE insurance program. MIC provides co-insurance capacity and claims expertise while OPES provides the digital platform for distributing motor vehicle physical damage insurance through VPBank's 251 branches.
- PJICO (Petrolimex Insurance)coreOPES, MIC, and PJICO signed an MoU for the VPBank O•CARCARE insurance program. PJICO contributes reinsurance expertise and professional claims handling while OPES provides the digital platform for distribution through VPBank's nationwide network.
- SapienscoreIn May 2023, OPES signed a contract with Sapiens Software Solutions Company to implement the Core insurance software project, modernizing OPES's core insurance technology infrastructure.
Scale indicators12 records
Recent moves7 records
Expansion highlights6 records
OPES competitors and assessment
Company assessmentEmerging players
- ZhongAn Online P&C Insurance: Hong Kong-listed Chinese online P&C insurer pioneering app-based distribution, ecosystem partnerships, and embedded insurance. Highly comparable as a digital-first P&C carrier scaling via tech and partnerships, similar in approach to OPES's mobile-app-led model.
- Acko General Insurance: Indian digital-first insurer with strong telematics-influenced auto, health, and device products backed by ecosystem distribution. Comparable as an emerging-market insurtech peer applying digital distribution and telematics to motor and personal lines.
- Lemonade: US-listed digital-first insurance carrier using AI and mobile apps to underwrite and serve renters, homeowners, and pet insurance. Comparable as a benchmark for the digital-native, AI-driven insurance model OPES is executing in Vietnam.
Regional players
- Bảo Long Insurance: Mid-sized Vietnamese non-life insurer offering motor, property, and personal accident products with a primarily domestic traditional channel mix. Comparable as a smaller Vietnamese non-life competitor operating in the same motor and personal accident segments that drive OPES's GWP.
Direct peers
- VBI (VietinBank Insurance): Bank-affiliated non-life insurer within the VietinBank ecosystem, also leveraging parent-bank distribution and digital channels in Vietnam. Highly comparable business model: bancassurance-led growth inside a major Vietnamese bank group with similar enterprise and retail distribution dynamics to OPES inside VPBank.
- PJICO (Petrolimex Joint Stock Insurance): Vietnamese non-life insurer providing co-insurance capacity and claims expertise alongside OPES on the VPBank O•CARCARE motor program. Comparable as a domestic P&C peer and operational partner with overlapping motor and personal accident product focus.
- MIC (Military Insurance Corporation): Vietnamese non-life carrier that is a direct co-insurance and motor partner with OPES under the VPBank O•CARCARE program. Comparable as a Vietnamese non-life underwriter sharing the same motor insurance distribution and serving similar end customers.
Broad incumbents
- Bảo Việt Insurance (Bao Viet Holdings): Largest non-life (and life) insurance carrier in Vietnam with a broad P&C product portfolio and nationwide agency network. Comparable as a direct non-life underwriter competing for the same Vietnamese households and motor, home, and accident insurance demand that OPES targets.
- Bảo Minh Insurance (BMI): Established Vietnamese non-life insurer offering motor, property, and personal accident coverage through traditional and digital channels. Comparable as a domestic non-life competitor targeting the same households and SMEs in motor and personal accident as OPES.
- PVI Insurance: One of Vietnam's largest non-life insurers, with state-affiliated ownership and a wide P&C product mix spanning motor, property, engineering, and energy lines. Comparable as a top-tier Vietnamese P&C competitor pursuing the same corporate and retail customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
OPES social profiles
Digital presenceOPES financial estimates
Financial estimateRevenue estimate
Valuation estimate
OPES leadership team
Management profileNumber of profiles
Profiles3 records
OPES funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
OPES M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about OPES
What does OPES do?
OPES (Công ty Cổ phần Bảo hiểm OPES) is a Vietnamese digital non-life insurance company that underwrites and sells property and casualty insurance products — vehicle physical damage (O•CAR), mandatory third-party liability for cars and motorcycles (O•DRIVE, O•BIKE, O•BIKE PLUS), flight delay (O•FLIGHT), personal accident (O•LIFE), and home (O•HOUSE) coverage — directly to consumers through its mobile app and website, and to enterprise partners via B2B2C embedded distribution. The full insurance lifecycle (purchase, policy management, claims) is handled digitally, with AI-powered image-based vehicle inspection, telematics-driven driving behavior scoring, and an automated Fast-track claims portal capable of resolving claims in approximately 30 minutes.
Is OPES a public or private company?
OPES is a private company. It is classified as corporate owned and is currently operating.
When was OPES founded?
OPES was founded in 2018. It employs 51 to 100 people.
Where is OPES based?
OPES is headquartered in Hanoi, Vietnam, in the Asia region.
How does OPES make money?
One revenue line is on record: insurance Premium Income.
Who are OPES's main competitors?
Emerging players on record are ZhongAn Online P&C Insurance, Acko General Insurance and Lemonade. Bảo Long Insurance is listed as a regional player. Direct peers are VBI (VietinBank Insurance), PJICO (Petrolimex Joint Stock Insurance) and MIC (Military Insurance Corporation). Broad incumbents are Bảo Việt Insurance (Bao Viet Holdings), Bảo Minh Insurance (BMI) and PVI Insurance.
Does OPES have an API?
No public API is recorded for OPES.
What industry is OPES in?
OPES's product category is Non-Life Insurance. Its primary akta.pro industry code is FSAJAAAB, Usage-Based / Telematics Personal Auto Insurance, with a secondary code of FSAGAGAF, Telematics & Usage-Based Insurance (UBI) Platforms. Its NAICS code is 524126 and its SIC code is 6331.