OPES Digital Insurance increases charter capital to 1,900 billion VND

This helps OPES become one of the four non-life insurance companies with the largest charter capital in the market. This is an opportunity for the company to expand its operations, improve its competitiveness and better meet the needs of customers, shareholders, partners and the community.

OPES was established in 2018, formerly known as Vietnam Prosperity Insurance Joint Stock Company. On June 19, 2018, the Ministry of Finance approved the name change to OPES Insurance Joint Stock Company. Since its establishment, the company has focused on investing in technology, providing non-life insurance products on digital platforms, expanding its customer base from individuals to businesses. The company aims to diversify customers with innovative products, prioritizing the enhancement of personal experiences.

The charter capital increase event marks OPES's progress in affirming its position in the Vietnamese non-life insurance market. Photo: OPES.

With strong financial potential and support from parent bank VPBank , non-life insurance company OPES has recorded many remarkable achievements. In 2024, this enterprise recorded more than 410 million online insurance contracts, nearly 4 times higher than in 2023, with more than 20 million accumulated customers. The enterprise's revenue reached more than 3,200 billion VND, an increase of 96% compared to 2023, pre-tax profit reached 473 billion VND, an increase of 203%.

In 2024, the company became the first non-life insurance company in Vietnam to receive the "Digital Insurer of the Year" award (Insurance Asia Awards), and was named in the "Top 500 largest enterprises in Vietnam" ranking by Vietnam Report.

In the coming time, OPES will implement a 5-year strategy (2025-2029), promote communication, digital marketing, expand the market, and aim to be in the top 10 largest non-life insurance companies in Vietnam.

Along with business growth, the company also aims for sustainable development, moving towards Net Zero by 2050. Thanks to the promotion of digitalization, the company has reduced the amount of physical documents, streamlined the processing system, and accelerated the speed of operation. In addition, OPES also promotes the development of high-quality human resources, builds a modern and professional working environment, and actively participates in community activities.

"OPES will focus on investing in technology, applying AI and Big Data to optimize processes and enhance customer experience. At the same time, we aim to build a comprehensive digital insurance ecosystem, cooperating with domestic and foreign strategic partners to develop flexible products to meet diverse market needs," said Mr. Nguyen Huu Tu Tri - Permanent Deputy General Director of OPES.

Source: https://phunuvietnam.vn/bao-hiem-so-opes-tang-von-dieu-le-len-1900-ty-dong-20250327152724678.htm