Ho Chi Minh City, 5 October 2020 – GiNET Vietnam Joint Stock Company and GiNET Vietnam Insurance Broker Joint Stock Company (“GiNET”), an insurance broker and agency in Vietnam today announced that the company has been renamed to bolttech Vietnam Digital Solution Joint Stock Company (“bolttech Digital Solution”) and bolttech Insurance Broker Vietnam Joint Stock Company (“bolttech Insurance Broker”) with a full rebranding taking place in the coming months. The news follows GiNET becoming a part of international insurtech business, bolttech, earlier this year.
GiNET as part of bolttech’s innovative insurtech offering in Vietnam, connects insurance providers with individual and corporate customers to offer digital insurance products quickly and seamlessly.
GiNET’s founders, Ngo Thanh Nam and Ta Chien remain with the business, extending their extensive local experience and working together alongside bolttech’s rapidly growing team to invest and develop the business’ digital capabilities.
Rob Schimek, bolttech Group Chief Executive Officer, commented, “Today’s announcement marks an exciting next step for our brand in the region as GiNET becomes an important part of achieving our vision to connect people with more ways to protect the things they value.”
He added: “We have big ambitions for the Vietnamese market which will in turn create new opportunities for GiNET’s customers, employees and partners we integrate our insurtech capabilities into bolttech’s businesses in Vietnam.”
Ta Chien, bolttech Head of Brokerage Vietnam and co-founder of GiNET, said, “We’re extremely excited to be joining the bolttech and PCG family to capture the digital insurance opportunity here in Vietnam. Our goal at GiNET has always been to leverage the power of technology and platforms to deliver a better customer experience, and our new chapter as part of the dynamic bolttech group positions us strongly to deliver this experience.”
GiNET is the first broker in Vietnam with an end-to-end online platform for the comparison and sale of consumer insurance lines, with offices in Hanoi and Ho Chi Minh City, and more than 40 employees.
Following bolttech’s entry to Vietnam in 2019 with their greenfield device protection business, GiNET adds to the growing scale of bolttech in Vietnam and brings the company one step closer to building the world’s leading technology-enabled ecosystem for protection and insurance.
bolttech is present in 12 countries across three continents in Asia, North America and Europe. Commercial operations currently span in Austria, Hong Kong, Indonesia, India, Italy, Malaysia, the Philippines, Singapore, Taiwan, Thailand, Vietnam, and the United States.
More information regarding the rebranding of GiNET to bolttech will be announced in the coming months. GiNET’s customers will not be impacted by the transfer of ownership and rebranding, and all services and agreements will continue uninterrupted.