Puneet Varma (Editor)

PetroVietnam Insurance

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Covid-19
Type  Joint-stock company
Headquarters  Hanoi, Vietnam
Revenue  5.5 trillion VND (2012)
Operating income  405 billion VND (2012)
Industry  Insurance
Owner  Petrovietnam
Founded  1996
Website  http://pvi.com.vn/en/home.aspx
Subsidiaries  Nangluongmoi Trading & Communication Joint Stock Company

PetroVietnam Insurance Joint-Stock Company (PVI Vietnamese: Tổng công ty Cổ phần Bảo hiểm Dầu khí Việt Nam) is a Vietnamese insurance company. The state-owned PetroVietnam holds a controlling stake in PVI.

It had a share of around 20% in the insurance market (excluding life insurance) in 2011, making it the second largest insurer just after Bao Viet Insurance and before Bao Minh and PJICO. It has been the only one of the four big insurers that were able to significantly increase their market share from just over 10% in 2005, while market leader Bao Viet and Bao Minh have continuously lost market shares.

PVI has a strategic partnership with Talanx AG, a German insurer. Talanx has been holding 25% of PVI's shares since August 2011 and decided to acquire another 6% in May 2012.

References

PetroVietnam Insurance Wikipedia


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