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Tuesday, 5/8/2025 | 10:50 GMT+7

PVI insurance continues to lead the non-life insurance sector

PVI insurance has been named the top non-life insurance company in Vietnam for the second consecutive year by Vietnam Report, honored on 1/8.

The award recognizes businesses with outstanding achievements in business performance, management capacity, and contributions to the economy. PVI Insurance was highly rated on three criteria: business performance, financial and management capacity, media reputation, and market trust. In the first six months of 2025, PVI Insurance's total revenue increased by 34.6%, and profit before tax increased by 37.6%.

Ms. Nguyen Vu Tam, Deputy General Director of PVI Insurance, receives the award. Photo: PVI Insurance

Ms. Nguyen Vu Tam, Deputy General Director of PVI Insurance, receives the award. Photo: PVI Insurance

In addition to growth in original and reinsurance revenue, PVI Insurance maintains a high profitability ratio thanks to its optimal business revenue structure, development of new distribution channels, and operating cost control. PVI Insurance also enhances service quality by applying AI in underwriting and claims settlement, developing e-commerce channels to increase revenue scale, and consolidating commercial presence.

Regarding management capacity, PVI Insurance has maintained an A- (Excellent) credit rating from AM Best for three consecutive years. This rating reflects stable financial strength, transparent governance, and compliance with international standards.

PVI Insurance's revenue from e-commerce channels also saw remarkable growth, at 82% in the first six months of the year. The application of AI in management demonstrates that PVI Insurance is a pioneer in digital transformation, strengthening its brand.

Top 10 prestigious insurance companies in 2025. Photo: PVI Insurance

Top 10 prestigious insurance companies in 2025. Photo: PVI Insurance

As the market transitions to the digital space, the corporation's promotion of digitalization in social insurance collection enhances convenience for citizens. With collection fees exceeding 1,650 billion VND, a 56% increase compared to the same period last year, this not only brings business efficiency but also promotes social security and expands insurance services to more groups.

"With the goal of becoming a leading insurance company in the region, PVI Insurance continues to apply AI and digital technology to its business operations, aiming to enhance customer experience, ensure transparent corporate governance, and move towards sustainable development as well as ESG," shared Ms. Nguyen Vu Tam, Deputy General Director of PVI Insurance.

Thanh Thu

By VnExpress: https://vnexpress.net/bao-hiem-pvi-tiep-tuc-dan-dau-nganh-bao-hiem-phi-nhan-tho-4922721.html
Tags: PVI non-life insurance PVI Insurance

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