PetroVietnam Insurance

PetroVietnam Insurance
Joint-stock company
Industry Insurance
Founded 1996
Headquarters Hanoi, Vietnam
Revenue 5500 bn VND (2012)[1]
405 bn VND (2012)
Owner PetroVietnam
Website http://pvi.com.vn/en/home.aspx

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.[2] 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.[2]

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.[3]

References

  1. ↑ "Bảo hiểm PVI được chấp thuận tăng vốn lên 1.700 tỷ đồng". Gafin.vn. 8 January 2013. Retrieved 8 January 2013.
  2. 1 2 "Cơ hội nào cho nhà đầu tư chiến lược mới tại Bảo Việt?". GaFin.vn. 20 December 2012. Retrieved 20 December 2012.
  3. ↑ "Talanx May Raise PVI Stake as Vietnam Insurance Market Grows". Bloomberg. 15 May 2012. Retrieved 24 December 2012.
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