5.1 General Information about AIG Group:5
Figure 8: AIG Group Structure
5.2 Some Highlight of Chartis General Insurance
5.2.1 Commercial Insurance
5.2.2 Foreign General Insurance
5.3 General Information about Chartis Group:
5.3.1 A worldwide leader :
5.3.2 What Chartis provide :
5.3.3 Chartis’ unique strengths:
every business day in 2008.
5.3.4 Brand mark
5.3.5 Brand vision and cultural principles
Partnership
World Citizenship
Integrity
5.3.6 Some highlight about Chartis
Chartis US
Chartis International
Private Client Group
5.3.7 Meaning of Chartis
5.3.8 Chartis Vision: Aspiration and Advantage
5.4 General Information about Chartis Vietnam
5.4.1 Chartis Vietnam Insurance:
5.4.2 Highlights of Chartis community efforts in Viet Nam:
Wesleyan Freeman Asian Scholarship Program
Table 6: Chartis Publication Rankings:
5.4.3 Current Insurance Products at Chartis Vietnam
Business Insurance
Table 7: Chartis Products Classifications:
5.4.4 Position, Market Share and some Financial Results:
Market Share
Table 8: Market Share of Chartis Vietnam
Figure 10: Market Share of Chartis Vietnam
5.5 Financial Highlight
5.5.1 Management performance Analysis:
5.5.2 Liquidity Ratio Analysis:
Figure 11: Chartis Vietnam Liquidity Ratio from 2007 to 2009
Table 11: Some Financial Ratio of Chartis Vietnam form 2007 – 2009
Table 12: Income Statement Chartis Vietnam form 2007 – 2009
5.5.3 Profit Ratio Analysis:
Table 13: Some Profit Ratio of Chartis Vietnam from 2007 to 2009
Figure 12: ROA & ROE of Chartis Vietnam from 2007 to 2009
5.5.4 Growth rate Analysis:
Figure 13: Insurance Premium Income of Chartis VN from 2007 to 2009
5.5.5 Loss Ratio Analysis:
Figure 14: Loss Ratio by non-life Insurance Company in 2009
5.5.6 Category Mix of Chartis Vietnam from 2008 to 2009
Figure 15: Category Mix of Chartis Vietnam in Year 2008
Figure 16: Category Mix of Chartis Vietnam in Year 2009
5.5.7 A&H Products
Table 18: Total A&H Vietnam – Products by Channel
Figure 17: Total A&H Vietnam – Products by Channel
5.6 Current Bancassurance Products at Chartis Vietnam:
5.6.1 Group Line:
HSBC Platinum Visa Debit Card:
Table 19: Benefits table for platinum Debit Card insured.
5.6.2 Personal Line:
Table 20: Personal Accident Insurance – Benefit Summary:
5.6.3 Bancassurance – IPA analysis:
Loss ratio, combined ratio and profit
Persistency of IPA overview:
Table 23: IPA Bancassurance MTD Premium Collection
Figure 18: Growth Rate of DM Bancassurance Department
5.6.4 SWOT analysis
5.6.4.1 Strength:
Political and macroeconomic environment
More transparent and standardized legal environment
There is potential for development of the insurance market in Vietnam
Chartis Vietnam has their own competitive advantages
Chartis Vietnam: provided product with good price and suitable for all kind of customer and increased their prestige
Chartis Vietnam has a very reputation partner like ACB, HSBC, Sacombank
5.6.4.2 Weaknesses
The mechanism of providing information for insurance company by state authorities is unclear and the awareness of state authorities of their responsibilities in assisting enterprises remains limited
Asymmetric market development and high market concentration
Statistics collection, storing and processing has not been standardized at both enterprise and industry levels
Chartis has not make a comprehensive development strategy for Bancassurance
Technology and technique
Products
Organization and management:
The Financial capacity and financial mobilization for Chartis Vietnam is limited
5.6.4.3 Opportunities
Banking sector – the main factor in Bancassurance still developing with a good scenario.
One of the most efficiency to enlarge Chartis customer database
Other successful of Bancassurance from regional
5.6.4.4 Threats
High market concentration might lead to collusion between large insurance companies, affecting the healthiness of the market
Human resource problems
Customer habits have not get along well with Bancassurance models
Bancassurance a complex business