PVI Insurance has surpassed its 2025 business targets after just nine months, marking a major step toward its ambition of becoming Việt Nam’s first US$1-billion non-life insurer.
PVI Insurance leaders recently participated in the 20th International Reinsurance Conference (SIRC), held from November 5 to 8 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore.
The Ministry of Finance has recently approved an increase in PVI Insurance''s charter capital from VNĐ3.5 trillion to VNĐ3.9 trillion (US$153.5 million).
The tie up marks a milestone for sustainable collaboration between Shinhan Bank and PVI Insurance, thereby leveraging the strengths of both parties in offering customers optimal, secure and convenient financial protection solutions.
The company’s consolidated revenue in 2024 is projected to be nearly VNĐ17.4 trillion (US$682 million), an increase of more than 8 per cent compared to 2023.
It signifies their cooperation in identifying a reputable market and orchestrating comprehensive insurance programmes tailored for Petrovietnam''s chain of coal power plants.