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PetroVietnam Insurance

Field	Value
name	PetroVietnam Insurance
type	Joint-stock company
foundation	1996
location_city	Hanoi
location_country	Vietnam
industry	Insurance
revenue	5500 bn VND (2012)
operating_income	405 bn VND (2012)
owner	PetroVietnam 1996-2023, Talanx 2023-
homepage	http://pvi.com.vn/en/home.aspx

PetroVietnam Insurance Joint-Stock Company (PVI ) 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.

In 2023, Talanx decide to take over 80% of PVI. In the future, they take the rest 20% from PetroVietnam

References

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

Info: Wikipedia Source

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insurance-companies-of-vietnam financial-services-companies-established-in-1996 government-owned-insurance-companies government-owned-companies-of-vietnam vietnamese-companies-established-in-1996

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