Founded in Antwerp Belgium in June , the company had a simple mission: to keep underwriters up to date with the various premiums in use at different commercial centers and to provide all the necessary information for determining the level of confidence in ships and equipment. The introduction of iron and steel into ship building had made materials inspection at production sites crucial.
In a new service was created, "Control of Materials". Its purpose was to examine all the materials used in everything from industrial equipment, to diesel motors, locomotives and the like, as well as the very factories themselves. Between and Bureau Veritas set up a number of new subsidiaries in response to specific needs.
Bivac - In the government of Nigeria approached Bureau Veritas to deliver pre-shipment inspection of imports. It was a brand new business venture for the company, and one that it would quickly master and take to other countries. A global network was soon established to work with governments across the globe. With the growing need for independent third party systems certification, Bureau Veritas was in a strong position to respond.
Veritas Auto - saw the creation of a major subsidiary to handle the regular inspection of motor vehicles. This activity was ceded a few years later.
Home Who we are Our history. In the winter of , violent storms raged across Europe causing some 2, shipwrecks and 20, deaths. The situation was disastrous for insurance companies. Most of them went bankrupt, and for those that survived the competition in coming years from newcomers in the market was particularly fierce.
