Global Insurance Joint Stock Company

What Global Insurance Joint Stock Company does

Global Insurance Joint Stock Company (GIC, Tổng Công ty Cổ phần Bảo hiểm Toàn Cầu) is a privately held, Vietnam-domiciled non-life insurer founded in June 2006 under Ministry of Finance license 37/GP/KDBH, headquartered in Ho Chi Minh City with a presence extending across more than 60 provinces via 21 subsidiary companies, multiple business offices, and three major appraisal centers in Ho Chi Minh City, Hanoi, and Da Nang. The company sells 100+ products organized around four core lines — health insurance, motor vehicle insurance, property insurance, and cargo/goods-in-transit insurance — segmented into personal products (sub-brands GIC Easy, Global Safe, TecProtec) and enterprise products (Bảo hiểm Tài sản, Xây dựng, Lắp đặt, Hàng hóa vận chuyển, Trách nhiệm, Kỹ thuật, Thân tàu) serving both individual consumers and corporate clients.

GIC's technology stack centers on a digital insurance platform comprising the GIC Mobile Application (iOS and Android), electronic insurance certificates (Giấy chứng nhận bảo hiểm điện tử) for motorcycle coverage, and an online accident declaration tool with photo capture and geolocation. Internal systems were upgraded in 2023 with the Base digital workspace and a CRM rollout. Its revenue model is subscription/recurring premiums across all lines, with entry-tier pricing as low as 19,000 VND per month (personal accident) and 29,000 VND per month (motorbike coverage) under the GIC Easy line, up to annual packages of 350,000–720,000 VND for motorbike coverage tiers, and broader corporate premiums across property, construction, and cargo lines.

GIC distributes through a deliberately diversified channel mix: bancassurance with TPBank, VPBank, ACB, OCB, Eximbank, Nam A Bank, Mirae Asset, and VFC; digital direct-to-consumer via gic.com.vn and the GIC Mobile App; telesales launched in 2020 for GIC Easy; digital payment and consumer-credit distribution through MoMo, SmartPay, VNPay, Home Credit, JACCS, EasyCredit, MAFC; and SmartNet for motor-care and hospital-support products. Reinsurance capacity is provided by Munich Re, Vinare, and Thai Re, and service partners include Zuttoride (24/7 motorbike rescue across 56 provinces), Euro-Center (global emergency assistance), ERV (international travel), and Bolttech (mobile-device protection). The stated 2022–2025 strategic objective is to reach a Top-10 position in the Vietnamese insurance market, while serving an accumulated base of more than 3.5 million individual and enterprise customers over 19 years of operation.

Name

Global Insurance Joint Stock Company

Legal name

Tổng Công ty Cổ phần Bảo hiểm Toàn Cầu

Website

https://gic.com.vn

Company type

Private

Founded year

2006

Operating status

Operating

Short description

GIC is a privately held Vietnamese non-life insurer (founded 2006, Ho Chi Minh City) selling 100+ health, motor, property, and cargo insurance products to individuals and enterprises across 60+ provinces, via bancassurance, digital, and partner channels.

Ownership category

akta.pro rank

Product category

Non-Life Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Direct Health and Medical Insurance Carriers (524114)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Accident & Health Insurance (6321)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industry

Commercial Auto & Fleet Insurance (FSAJAMAB)

Keywords

• Non-life insurance
• Motor vehicle insurance
• Health insurance products
• Property insurance
• Cargo transportation insurance

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Non-Life Insurance Premiums: GIC generates revenue through collecting insurance premiums from individuals and businesses across four main business segments: Health Insurance, Motor Vehicle Insurance, Property Insurance, and Goods in Transit Insurance. The company offers over 100 products across these segments.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Global Insurance Joint Stock Company (GIC) provides non-life insurance products for individuals and businesses across four core segments: Health Insurance, Motor Vehicle Insurance, Property Insurance, and Goods in Transit/Cargo Insurance. The company offers more than 100 products covering personal lines (motorbike, personal accident, home, travel, critical illness, comprehensive health) and enterprise lines (property, construction, installation, cargo, liability, technical, and hull insurance). Distribution is conducted through direct digital channels (website and mobile app), bancassurance partnerships, telesales, subsidiary offices, and embedded partnerships with banks, e-wallets, and consumer finance firms across Vietnam.

Product overview

Global Insurance Joint Stock Company (GIC) is a Vietnamese non-life insurance company offering a diversified portfolio of personal and enterprise insurance products. The personal insurance portfolio consists of three sub-brands: the convenience-focused GIC Easy line (motorbike insurance, personal accident, and home insurance), the traditional Global Safe line (travel insurance, critical illness, and comprehensive health), and partner-distributed products through VPBank, OCB, Home Credit, and Smartnet. The enterprise segment covers four core business lines: Health insurance, Motor Vehicle insurance, Property insurance, and Cargo Transportation insurance, with sub-lines in construction, installation, liability, technical, and hull insurance. GIC also operates a digital platform including mobile apps on iOS and Android for contract management. The company distributes through a network exceeding 60 provinces, a 24/7 customer service hotline (1900 6486), an online accident declaration tool, and a digital insurance certificate system. The product portfolio encompasses over 100 products across 4 core business segments with flexible options tailored to customer financial capacity.

Differentiator

Problem solved

Functional benefit

Brands

• GIC Easy: Convenient insurance product line with packaged coverage including basic essential benefits at affordable prices, featuring motorcycle, personal accident, and home insurance products
• Global Safe
• GIC Easy Xe máy
• GIC Easy Tai nạn cá nhân
• GIC Easy An Cư
• TecProtec

Products and services

• GIC Easy Xe máy (Motorbike Insurance)
• GIC Easy Tai nạn cá nhân (Personal Accident Insurance)
• GIC Easy An Cư (Home Insurance)
• Bảo hiểm Du lịch Global Safe (Global Safe Travel Insurance)
• Bảo hiểm Chăm sóc sức khỏe toàn diện (Comprehensive Health Insurance)
• Bảo hiểm Bệnh hiểm nghèo (Critical Illness Insurance)
• Bảo hiểm Xe cơ giới (Motor Vehicle Insurance)
• Bảo hiểm Tài sản (Property Insurance)
• Bảo hiểm Xây dựng (Construction Insurance)
• Bảo hiểm Lắp đặt (Installation Insurance)
• Bảo hiểm Hàng hóa vận chuyển (Cargo Transportation Insurance)
• Bảo hiểm Trách nhiệm (Liability Insurance)
• Bảo hiểm Kỹ thuật (Technical Insurance)
• Bảo hiểm Thân tàu (Hull Insurance)
• Bảo hiểm Sức khỏe (Health Insurance)
• GIC Mobile App

Quantifiable outcome

• Claims processed within 7-15 working days for complete dossiers

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• BolttechcoreTechnology or Integration · 1 January 2019Partnership with Bolttech to launch mobile device insurance product line including TecProtec for device protection.
• Zuttoride (Japan)coreStrategic or Co-development PartnerJapanese partner providing 24/7 motorcycle rescue services across 56+ provinces in Vietnam as part of GIC Easy motorbike insurance packages.
• Euro-CentercoreStrategic or Co-development PartnerGlobal emergency support center partner providing international emergency assistance services to GIC customers.
• TPBankcoreChannel Partner/ Reseller/ DistributorBancassurance partnership for distributing insurance products through TPBank's customer base.
• VPBankcoreChannel Partner/ Reseller/ DistributorBancassurance partnership offering credit card insurance and other products through VPBank channels.
• ACBcoreChannel Partner/ Reseller/ DistributorBancassurance partnership for insurance product distribution through ACB bank network.
• OCBcoreChannel Partner/ Reseller/ DistributorBancassurance partnership for OCB OMNI online insurance distribution.
• Home Credit VietnamcoreChannel Partner/ Reseller/ DistributorPartnership for critical illness insurance, vehicle insurance, and financial protection products through Home Credit's installment loan customers.
• MoMocoreChannel Partner/ Reseller/ DistributorE-wallet partnership for insurance product distribution and payment through MoMo platform.
• Munich RecoreOthersInternational reinsurance partner providing reinsurance capacity and expertise.
• VinarecoreOthersVietnamese reinsurance partner providing reinsurance support.
• Thai ReminorOthersThai reinsurance partner for regional reinsurance coverage.
• Mirae AssetcoreChannel Partner/ Reseller/ DistributorBancassurance partnership signed in 2020 for insurance product distribution.
• SmartNetminorChannel Partner/ Reseller/ DistributorPartnership for GIC Motor Care and GIC Hospital Support insurance products.

Scale indicators8 records

Recent moves10 records

Expansion highlights5 records

Market position

Weaknesses5 records

Competitive moat5 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

Profiles4 records

Subsidiaries2 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 Global Insurance Joint Stock Company