PetroVietnam Insurance
| Company type | Joint-stock company |
|---|---|
| Industry | Insurance |
| Founded | 1996 |
| Headquarters | , |
| Revenue | 5500 bn VND (2012)[1] |
| 405 bn VND (2012) | |
| Owner | PetroVietnam 1996-2023, Talanx 2023- |
| 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.<ref>"Talanx May Raise PVI Stake as Vietnam Insurance Market Grows". Bloomberg. 15 May 2012. Retrieved 24 December 2012.</ref
In 2023, Talanx decide to take over 80% of PVI. In the future, they take the rest 20% from PetroVietnam
References
[edit]- ^ "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.
- ^ a b "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.