OPES leads the non-life insurance industry in the ranking...

Specifically, at the announcement ceremony of the “Top 500 Fastest Growing Enterprises in Vietnam” (FAST500) in 2025, OPES ranked 97/500, leading the non-life insurance sector and ranking 2nd in the entire insurance industry. Thus, after only 7 years of development, OPES has stood shoulder to shoulder with long-standing enterprises in the insurance industry in the prestigious rankings of Vietnam Report, affirming OPES’s outstanding competitiveness in a classy, ​​professional playground for leading enterprises in Vietnam.

To be included in FAST500 for the first time, OPES needs to go through rigorous selection and evaluation stages based on many criteria: Average annual compound revenue growth rate (CAGR) over the last 4 years and business performance evaluation criteria (total assets, profit, capital efficiency, asset efficiency...).

In the last 4 years (2021 - 2024), OPES' total assets recorded an average CAGR of 66%/year, an impressive growth rate in non-life insurance. In 2024, OPES's revenue reached more than VND 3,200 billion, an increase of 97% compared to 2023. Of which, original insurance revenue reached VND 2,630 billion, an increase of 89%, belonging to the group of enterprises with original insurance premium growth of over 50% in 2024, according to statistics from the Department of Insurance Management and Supervision. Pre-tax profit reached VND 473 billion, an increase of 203%.

In addition to the outstanding business growth rate, OPES also affirmed the right step in the strategy of applying technology to operations. OPES representative said that thanks to digitizing the process, the company has cut 70% of paperwork, saved 50% of resources and at the same time doubled the efficiency of work processing.

By the end of 2024, OPES's charter capital will increase by 130% to VND 1,265 billion, becoming a non-life insurance company with the top charter capital in the industry. Total assets will reach more than VND 4,815 billion, up 53%.

Mr. Nguyen Huu Tu Tri - Permanent Deputy General Director of OPES shared: “Being present in a prestigious ranking like FAST500 is a testament to the tireless efforts of all staff and OPES's investment strategy in core technology and superior digital operations in the fiercely competitive environment of the non-life insurance industry. In the coming time, we will continue to strive to innovate and create to break through, transform challenges into opportunities to bring optimal insurance products and solutions to customers, while constantly improving value for partners - towards the goal of sustainable and long-term development".

Representative of OPES Insurance Joint Stock Company received the award of Top 500 fastest growing enterprises in Vietnam in 2025

The Top 500 Fastest Growing Enterprises in Vietnam (FAST500) ranking is based on the results of independent research and evaluation according to international standards by Vietnam Report, announced annually with the advice of domestic and foreign experts and advisory boards. Previously, OPES was also honored to be present in 2 rankings announced by Vietnam Report in 2024, namely VNR500 and PROFIT500.

The impressive growth is the result of OPES's 7-year journey of sustainable development, steadfast in its digital orientation, taking technology as the foundation. The company has left a strong mark on the Vietnamese insurance map with a series of flexible non-life insurance products, "tailored" for each customer and business segment. OPES currently provides more than 20 types of insurance products, distributed through diverse retail channels from direct to consumer (D2C) to wholesale channels through B2B and B2B2C business models, cooperating with more than 30 prestigious partners in many fields.

OPES continues to focus on investing in technology, improving user experience

As a member of VPBank's comprehensive financial ecosystem, OPES leverages the power of connectivity in multiple fields from banking, consumer finance, securities, and digital insurance, thereby improving business efficiency and expanding its scale of operations nationwide. By the end of 2024, OPES has served more than 22 million online customers, with the ability to process up to 600,000 insurance applications per day on the digital platform.

In 2025, OPES aims to be in the top 10 largest non-life insurance companies in Vietnam, while affirming its leading position in the digital insurance model. For business operations, the company targets pre-tax profit of VND 636 billion in 2025, an increase of 34% compared to 2024. To realize the goal, OPES focuses on upgrading the system, optimizing operations, promoting investment in advanced technologies such as artificial intelligence (AI), big data, machine learning and modern measurement technologies. With a clear development strategy, OPES not only provides non-life insurance products but also brings comprehensive solutions, enhances user experience and contributes to improving the quality of life of Vietnamese people in the digital age.

Source: https://baodaknong.vn/opes-dan-dau-nganh-bao-hiem-phi-nhan-tho-trong-bang-xep-hang-fast500-250585.html