Global Insurance Corporation

What Global Insurance Corporation does

Global Insurance Corporation (Tổng Công ty Cổ phần Bảo hiểm Toàn Cầu, DBA Bảo Hiểm Toàn Cầu) is a private Vietnamese joint-stock non-life insurance company headquartered in Ho Chi Minh City. Founded in 2006, the company has operated for two decades in the domestic non-life insurance market, serving both individual/family consumers and business customers across Vietnam, with a stated service footprint covering 56 provinces and cities and a customer base exceeding 2.5 million.

The company offers a portfolio organized around four solution groups: Health, Motor Vehicles, Property, and Cargo/Goods in Transit. Consumer products include the GIC Easy bundled subscription line (motorcycle insurance from 42,000 VND/month with 24/7 free rescue across 56 provinces, and personal accident insurance from 19,000 VND/month), the Global Safe travel insurance product, comprehensive health insurance, and a critical illness product co-developed with Home Credit. Enterprise products cover property, construction, installation, and cargo insurance. The product surface is intentionally simplified and price-disclosed to suit a mass-market consumer base.

The business model is subscription-based non-life insurance with monthly billing cadence on consumer products and custom pricing on enterprise lines. Distribution is hybrid: a product-led digital self-serve channel via the company website, complemented by embedded insurance distribution through a network of channel partners including four banks (TPBank, VPBank, ACB, Eximbank) and three fintech platforms (MoMo, Home Credit, JACCS). The company is privately held with no disclosed parent company, external investors, or funding rounds. No proprietary technology platform, AI/ML capabilities, patents, regulatory actions, or executive leadership details were disclosed in the source material.

Name

Global Insurance Corporation

Legal name

Tổng Công ty Cổ phần Bảo hiểm Toàn Cầu

Website

https://gic.vn

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Global Insurance Corporation is a Vietnamese non-life insurer founded in 2006 that sells bundled subscription insurance (motorcycle, personal accident, health, travel, and critical illness) to mass-market consumers, and property, construction, and cargo coverage to businesses, distributed via its website and partner banks (TPBank, VPBank, ACB, Eximbank) and fintechs (MoMo, Home Credit, JACCS).

Ownership category

akta.pro rank

Product category

Non-life Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Travel & Accident (Non-Life) Insurance (FSAJAMAN)

akta.pro secondary industries

Personal Auto Insurance (FSAJAMAA), Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD), Travel Medical Insurance (Individual) (FSAIAEAI)

Keywords

• Non-life insurance
• Motorcycle insurance
• Personal accident insurance
• Travel insurance
• Health insurance

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Non-life Insurance Premiums: GIC generates revenue through the collection of insurance premiums from individuals and businesses purchasing coverage across its product lines, including motor vehicle, personal accident, travel, and property insurance. Premiums are collected on a recurring (annual/monthly) basis depending on the product tier.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Global Insurance Corporation is a Vietnamese non-life insurer selling packaged personal insurance (GIC Easy motorcycle and personal accident coverage, Global Safe travel insurance, comprehensive health insurance, critical illness insurance) and commercial insurance (property, construction, installation, cargo) to individual, family, and business customers. Products are sold directly online via the company website and embedded within partner bank and fintech platforms across Vietnam. Coverage spans four core solution groups: Health, Motor Vehicles, Property, and Goods in Transit.

Product overview

Global Insurance Corporation (Bảo Hiểm Toàn Cầu) operates as a non-life insurance company offering a portfolio of individual and enterprise insurance products. The individual insurance lineup consists of the GIC Easy convenient insurance line (GIC Easy Xe máy motorcycle insurance and GIC Easy Tai nạn cá nhân personal accident insurance), Global Safe travel insurance, comprehensive health insurance, and critical illness insurance. The enterprise segment provides property, construction, installation, and cargo insurance. The company also offers customer self-service through online account management, contract management, and promotional features. The portfolio spans four key solution groups: Health, Motor Vehicles, Property, and Cargo/Goods Transportation.

Differentiator

Problem solved

Functional benefit

Brands

• GIC Easy: Convenient insurance product line with packaged offerings including motorbike insurance (GIC Easy Xe máy) and personal accident insurance (GIC Easy Tai nạn cá nhân), designed with essential basic coverage at affordable premiums.
• Global Safe

Products and services

• Bảo hiểm GIC Easy Xe máy (GIC Easy Motorcycle Insurance)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• TPBank (Tiên Phong Bank)coreChannel Partner/ Reseller/ DistributorTPBank serves as a distribution channel for GIC insurance products, offering GIC insurance offerings to TPBank's customer base through the bank's online and branch platforms. Customers can access and purchase GIC insurance products directly from TPBank's digital channels.
• VPBank (Vietnam Prosperity Bank)coreChannel Partner/ Reseller/ DistributorVPBank distributes GIC insurance products to its retail and business customers through its digital banking platform and branch network, serving as an embedded insurance distribution partner.
• ACB (Asia Commercial Bank)coreChannel Partner/ Reseller/ DistributorACB offers GIC insurance products to its customers via its online and offline banking channels, integrating insurance distribution into ACB's retail banking ecosystem.
• EximbankcoreChannel Partner/ Reseller/ DistributorEximbank (Export-Import Bank) distributes GIC insurance products to its customer base through its branch and digital banking platforms.
• MoMocoreChannel Partner/ Reseller/ DistributorMoMo, Vietnam's leading e-wallet and super-app platform, serves as a digital distribution channel for GIC insurance products, enabling customers to purchase insurance directly within the MoMo app ecosystem.
• Home Credit VietnamcoreChannel Partner/ Reseller/ DistributorHome Credit Vietnam distributes GIC insurance products (including the GIC-Home Credit Bệnh hiểm nghèo critical illness product) to its existing consumer lending customer base, offering bundled insurance with financing products.
• JACCS VietnamcoreChannel Partner/ Reseller/ DistributorJACCS Vietnam distributes GIC insurance products to its consumer finance and credit customer base in Vietnam, integrating insurance offerings within its lending and financing services.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• PVI Insurance: PVI Insurance is a major Vietnamese non-life insurer serving individual and corporate customers across motor, health, property, engineering and cargo risks. It is a close product and customer-market comparator to GIC.
• BIDV Insurance Corporation: BIDV Insurance Corporation is a domestic non-life insurer using bank distribution alongside direct and broker channels. Its motor, health and commercial insurance portfolio makes it a relevant scale and distribution peer.
• Bảo Việt Insurance: Bảo Việt Insurance is a large Vietnamese non-life carrier offering motor, health, property, accident, travel and related coverage. Its broad consumer and enterprise portfolio directly overlaps GIC's four solution groups and nationwide distribution model.
• MIC Insurance: MIC Insurance is a Vietnamese direct non-life carrier with individual and enterprise products spanning motor, health, accident, property and cargo. It serves substantially the same customer needs as GIC.
• VBI Insurance: VBI Insurance is a Vietnamese non-life carrier distributed in part through the VietinBank ecosystem. Its bancassurance-led reach, digital distribution and multi-line insurance products closely match GIC's go-to-market model.
• PJICO: PJICO is a Vietnam-focused property and casualty insurer with material exposure to motor, property and goods-in-transit coverage. Its commercial and retail lines make it directly comparable, especially for GIC's enterprise portfolio.
• MSIG Vietnam: MSIG Vietnam is an established non-life insurer serving Vietnamese consumers and businesses with motor, accident, health, travel and commercial cover. It competes in the same core non-life categories as GIC.
• Bảo Minh Insurance: Bảo Minh Insurance provides a broad range of Vietnamese non-life products to individuals and businesses, including motor, health, property and cargo coverage. Its domestic scale and product mix closely resemble GIC.
• PTI Insurance: PTI Insurance underwrites a broad portfolio of Vietnamese non-life products, including motor, health, property and commercial lines. Its product breadth and focus on the same domestic market make it directly comparable.
• Bảo Long Insurance: Bảo Long Insurance is a Vietnam-based non-life carrier offering personal and commercial protection. Its domestic market presence and multi-line insurance model make it a relevant operating peer to GIC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCy9GI9PJtICMOgFIhX20D-g
• Facebookfacebook.com/BaohiemToanCauGIC
• LinkedInlinkedin.com/company/global-insurance-js.-company

Revenue estimate

Valuation estimate

Number of profiles

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 Global Insurance Corporation