PetroVietnam Insurance

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.

PetroVietnam Insurance
TypeJoint-stock company
IndustryInsurance
Founded1996
Headquarters
Hanoi
,
Vietnam
Revenue5500 bn VND (2012)[1]
405 bn VND (2012)
OwnerPetroVietnam
Websitehttp://pvi.com.vn/en/home.aspx

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. Archived from the original on 10 January 2013. Retrieved 8 January 2013.
  2. "Cơ hội nào cho nhà đầu tư chiến lược mới tại Bảo Việt?". GaFin.vn. 20 December 2012. Archived from the original on 21 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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