What Bodi Insurance does

Bodi Insurance (Бодь Даатгал ХК, legal entity БОДЬ ДААТГАЛ ХК) is a diversified Mongolian insurance company headquartered in Ulaanbaatar that provides both personal and commercial insurance products to individuals, businesses, and international clients. Founded in 1995 and formally incorporated in 1996, Bodi is one of Mongolia's oldest continuously operating insurers and a member of the BOGD Group conglomerate. The company has served more than 150,000 cumulative customers and operates 22 branches covering all 21 provinces (aimags) and 330 districts (sums) nationwide, supported by 200+ agents and representatives.

Bodi's product portfolio spans guarantee insurance (tender, performance, and advance payment guarantees for businesses), corporate and personal insurance lines, domestic and international health insurance, vehicle and driver liability insurance, and mortgage insurance. It holds exclusive representation rights for the AIA Group in Mongolia for international health insurance, and was the first insurer in Mongolia to obtain ISO 9001:2015 Quality Management certification. The technology platform includes a Bodi Claim mobile application for digital claims submission, a Bodi Daatgal policy-management app, a vehicle risk scoring tool, online guarantee insurance issuance with 24-hour turnaround, and integration with Mongolia's government Single Sign-On (sso.gov.mn) system for authenticated digital claim submissions. Pricing is competitive and tailored to company size and tender requirements, with no publicly disclosed rate cards.

Bodi generates revenue primarily through insurance premiums across multiple product lines and earns a spread between premiums collected and claims paid (cumulative claims paid total 14.6 billion MNT). The go-to-market combines direct field sales for corporate clients, agent/representative networks, bank distribution channels, insurance broker intermediaries, and digital self-service via the website and mobile apps. The company completed an IPO on the Mongolian Stock Exchange in December 2019, raising 5.3 billion MNT from 959 investors, and has stated an ambition to list on the Hong Kong Stock Exchange second board by 2030.

Name

Bodi Insurance

Legal name

'БОДЬ ДААТГАЛ' ХК

Website

https://bodi-insurance.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

101–250 employees

Short description

Bodi Insurance is a Mongolian diversified insurer offering guarantee, health, vehicle, property, and corporate insurance products to individuals and businesses across Mongolia, operating 22 branches and serving 150,000+ customers as a publicly listed BOGD Group member.

Ownership category

akta.pro rank

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Insurance Premium Revenue: Bodi Insurance generates revenue primarily through insurance premiums collected from policyholders. The company offers multiple insurance lines including guarantee bonds (tender, performance, advance payment guarantees), international health insurance (as exclusive AIA Group representative), vehicle/auto insurance, property/home insurance, and workers' compensation insurance. Premiums are collected as recurring or one-time payments depending on the policy type.
2. Claims Payout Processing: The company collects premiums and pays out claims (нөхөн төлбөр) when insured events occur. As of the data period, the company had paid out 14.6 billion MNT in total claims. Revenue is generated as the spread between premiums collected and claims paid.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Bodi Insurance is a diversified insurance company providing both personal and commercial insurance products in Mongolia, including guarantee bonds (tender, performance, advance payment), international and domestic health insurance (via exclusive AIA Group partnership), vehicle/auto insurance, property/home insurance, driver liability insurance, and mortgage insurance. The company distributes these offerings through 22 branches, 200+ agents, bank and broker channels, and digital platforms (website, Bodi Claim app, Bodi Daatgal app) across all 21 aimags and 330 sums of Mongolia.

Product overview

Bodi Insurance (Бодь Даатгал) is a diversified insurance company operating as a unified platform offering both personal and corporate insurance products. The core product portfolio includes Guarantee Insurance (Баталгааны Даатгал) for business tender and performance bonds, Personal Insurance (Иргэдийн Даатгал) and Corporate Insurance (Байгууллагын Даатгал) for retail and enterprise customers respectively. The company specializes in health insurance offerings including Domestic Health Insurance (Дотоодын Эрүүл Мэндийн Даатгал) and International Health Insurance (Олон Улсын Эрүүл Мэндийн Даатгал), the latter as the exclusive Mongolian partner of AXA Group. Supporting digital products include the Bodi Insurance mobile app for policy management and the dedicated Bodi Claim app for claims submission and tracking. Vehicle insurance products (Тээврийн Хэрэгслийн Даатгал), driver liability insurance (Жолоочийн Хариуцлагын Даатгал), and mortgage insurance (Ипотекийн Даатгал) complete the product suite. The company serves customers nationwide through 22 branches across 21 provinces and 330 soums, supported by a digital platform accessible via mobile apps and website.

Differentiator

Problem solved

Functional benefit

Brands

• Bodi Claim: Mobile application for filing insurance claims
• Bodi Амьдрахуй

Quantifiable outcome

• 14.6 billion MNT in total claims paid out to policyholders
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered parent group, flagship / exclusive, minor, core and regulatory.

• BOGD Groupparent groupOthersBodi Insurance is a member of BOGD Group. The company operates under the BOGD Group umbrella as one of its portfolio companies. The group affiliation provides institutional backing and cross-company synergies.
• AIA Group (AХА Group)flagship / exclusiveStrategic or Co-development PartnerBodi Insurance is the sole representative (цорын ганц төлөөлөгч) of the world's leading No. 1 insurance company AIA Group (AХА Group) in Mongolia. Through this partnership, the company introduced international health insurance products tailored to Mongolian health specifics and financial capacity, establishing itself as the exclusive provider of AIA Group products in the Mongolian market.
• Chartered Insurance Institute (CII)minorStrategic or Co-development PartnerBodi Insurance supports employees in obtaining professional qualifications from the Chartered Insurance Institute (CII), providing skill development incentives for staff to become certified international insurance professionals.
• Certified Financial Analyst (CFA) InstituteminorStrategic or Co-development PartnerBodi Insurance provides skill development incentives for employees to obtain CFA professional certifications, enhancing the company's financial analysis and investment capabilities.
• Google Play / Apple App StorecoreChannel Partner/ Reseller/ DistributorBodi Insurance distributes its mobile applications (Bodi Daatgal for insurance purchasing, Bodi Claim for claims processing) through Google Play and Apple App Store marketplaces, enabling direct consumer digital access.
• Mongolia Financial Regulatory CommissionregulatoryOthersBodi Insurance is regulated by Mongolia's Financial Regulatory Commission (Санхүүгийн зохицуулах хороо). The company became a publicly listed company following the Commission's December 27, 2019 meeting approval, enabling IPO on the Mongolian Stock Exchange.
• sso.gov.mn (Mongolia Government SSO)coreTechnology or IntegrationIntegration with Mongolia's government Single Sign-On (SSO) system at sso.gov.mn enabling citizens to authenticate and submit insurance claims using their national digital identity credentials.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Baisan Insurance: Domestic Mongolian insurer offering personal and corporate lines; another head-to-head competitor for Bodi's main retail and SME product segments.
• Nomin Insurance: Mongolian insurance company providing retail and corporate coverages, operating under the same Financial Regulatory Commission regime as Bodi.
• Tenger Insurance: Mongolian general insurer serving retail and corporate clients with overlapping product categories (motor, property, health, corporate). Comparable distribution profile in a similarly competitive domestic market.
• Mongol Insurance Group (MIG): One of Mongolia's larger established insurers operating nationwide multi-line coverages including property, casualty, and life. Closely comparable to Bodi in target customer base and product breadth.
• Ard Insurance: Multi-line Mongolian insurance carrier offering corporate, personal, and health coverages in the same addressable market as Bodi. Directly comparable on product portfolio, distribution model, and regulatory environment.

Emerging players

• Lemonade: Digital-first insurtech using mobile apps and AI-driven underwriting to serve retail customers with simplified products. Comparable to Bodi's digital claims app and online policy issuance in mobile-first emerging-market distribution.
• Root Insurance: Telematics-based auto insurer using driver-behavior scoring to price policies. Direct functional analog to Bodi's proprietary driving risk scoring module and the way Bodi prices its vehicle insurance book.

Broad incumbents

• Ping An Insurance: China's largest integrated financial-services group with extensive life, P&C, and health operations. Relevant as an Asian multi-line incumbent whose Asia strategy and digital platforms shape competitive context for Bodi.
• Allianz: Global multi-line insurer with broad P&C and life/health offerings. Comparable on underwriting discipline, digital claims stack, and scale economics that would apply if Allianz enters the Mongolian market directly.
• AIA Group: Asia-Pacific life and health insurance leader and Bodi's exclusive strategic partner for international health. Comparable at the multi-line Asian insurance level and serves as both partner and an implicit ceiling on the international health opportunity.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@Bodi-Insurance-u7z
• Facebookfacebook.com/bodiinsurance.mn
• Instagraminstagram.com/bodi_insurance
• Xx.com/bodiinsurance
• LinkedInlinkedin.com/company/bodi-insurance-llc

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bodi Insurance