AAA Assurance Corporation
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AAA Assurance Corporation - overview
Location
-, -, Vietnam
Primary Industry
Insurance
About
AAA Assurance Corporation is a Vietnam-based insurance provider specializing in a comprehensive range of insurance products for individuals and businesses, focusing on risk management and financial security. AAA Assurance Corporation operates in Vietnam, providing essential insurance services tailored for both personal and corporate clients. The firm was involved in a significant transaction on October 1, 2021, when IAG Limited sold its majority stake to Bamboo Capital Group JSC, facilitating a strategic shift in ownership. The company was founded by individuals with backgrounds in the insurance industry, although specific details about the founders are not available.
The headquarters is located in Vietnam, where AAA Assurance has established a solid customer base and operational presence. AAA Assurance Corporation specializes in offering a diverse portfolio of insurance products including life, health, auto, and property insurance for individuals, alongside business insurance solutions such as liability, property, and employee benefits. These products aim to minimize financial risks from unexpected events while ensuring clients' peace of mind. Accessible through a user-friendly digital platform, their services allow clients to effectively manage their policies and claims, catering to both individual and corporate clients across Vietnam.
In the most recent fiscal year, AAA Assurance Corporation reported a revenue of USD 10. 83 mn, with an EBITDA of USD -1. 99 mn, reflecting their operational performance in the competitive insurance market. AAA Assurance Corporation is poised for expansion following the acquisition by Bamboo Capital Group JSC, which aims to enhance its presence in the Vietnamese insurance market.
The company plans to invest in the development of new insurance products tailored to meet evolving customer needs. The recent acquisition funding will support these growth initiatives, allowing AAA Assurance to strengthen its market offering and potentially explore entry into neighboring markets in Southeast Asia by 2023.
Primary Industry
Insurance
Sub Industries
Personal Insurance
Website
www.aaa.com.vn
Total Amount Raised
Subscriber access only
AAA Assurance Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out, Trade Sale | Completed | AAA Assurance Corporation | - | ||||||||
| Trade Sale | Completed | AAA Assurance Corporation | - | ||||||||
| Growth | Completed | AAA Assurance Corporation | - |
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