PetroVietnam Insurance Joint-Stock Company (PVI vi, 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
Bao Viet (also Bao Viet Holdings vi, Tập đoàn Tài chính-Bảo hiểm Bảo Việt) is the largest Vietnamese insurance company and Vietnam's seventh largest listed company by market capitalisation. It is state-owned and has a strategic part ...
and before
Bao Minh and
PJICO Petrolimex Joint Stock Insurance Company (PJICO) is state-owned insurance company in Vietnam, involved in the non-life insurance market. The company's stock is currently not listed on the Ho Chi Minh City Securities Trading Center and it is majorit ...
.
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
German(s) may refer to:
* Germany (of or related to)
**Germania (historical use)
* Germans, citizens of Germany, people of German ancestry, or native speakers of the German language
** For citizens of Germany, see also German nationality law
**Ger ...
insurer. Talanx has been holding 25% of PVI's shares since August 2011 and decided to acquire another 6% in May 2012.
References
{{Reflist
Insurance companies of Vietnam
Financial services companies established in 1996
Government-owned insurance companies