From Vietnam to Asia: Stepping forward to become a continent
The Asia Insurance Industry Awards (AIIA) is a prestigious annual event of the continent, organized by Asia Insurance Review (AIR) - the leading insurance magazine in Asia. The award aims to honor organizations and individuals with outstanding, creative and effective contributions to insurance and reinsurance activities in the continent, especially outstanding contributions to the community.
The award brings together the largest insurance companies in Asia and many major financial centers in the continent. PVI Insurance being named in the TOP 3 " spendix Insurance Company of the Year" is a testament to the capacity, bravery and international vision of a Vietnamese enterprise on the international stage.
Strong growth, governance according to international standards
The award council highly appreciated PVI Insurance for its outstanding growth capacity, transparent risk management and comprehensive digital transformation vision, factors that help businesses firmly maintain their leading position in the Vietnam non-life insurance market.
In 2024, the enterprise will achieve a total revenue of VND 20,405 billion, an increase of nearly 40% over the previous year. By the first 9 months of 2025, PVI Insurance had completed 108% of the annual plan, reaching VND 21,538 billion in revenue and VND 1,148 billion in pre-tax profit, an impressive result in the context of the global non-life insurance market experiencing many fluctuations.
In parallel with business results, PVI Insurance is also organized with the AM Best international credit rating to maintain at A (Excellent) for 3 consecutive years. Along with the charter capital increased to VND 4,320 billion, PVI Insurance has affirmed a strong financial foundation and expanding international cooperation capacity.
In the reinsurance sector, the company recorded double the growth rate compared to the same period last year, contributing positively to business results and affirming its ability to exploit the global market. At the same time, PVI Insurance is a pioneer in the application of digital technology, strongly expanding bancassurance, e-commerce, B2B2C channels, helping customers access insurance services quickly, transparently and conveniently.
In particular, the Risk Partner model accompanying customers throughout the risk lifecycle has turned PVI Insurance into a strategic risk management partner, instead of just an insurance product provider. This approach is considered one of the factors that helped PVI Insurance make its own mark at this year's AIIA awards.
Affirming the stature of Vietnamese enterprises on the Asian insurance map
TOP 3 "Diving Life Insurance Company of the Year" is not only a worthy recognition of PVI Insurance's efforts, but also an important milestone for the Vietnamese insurance industry on the integration journey. From a domestic brand, PVI Insurance has expanded to the continent, participating in reinsurance projects and contracts in China, Malaysia, Germany, the US and many other countries, gradually building the image of an international Vietnamese enterprise.
With the current scale and growth rate, PVI Insurance is getting closer to the goal of becoming the first insurance company in Vietnam to achieve a revenue of 1 billion USD with more than 1,000 billion VND in profit in 2025.
PVI Insurance representative - Mr. Duong Thanh Francois - Chairman of the Board of Directors shared: "This is a worthy recognition of our breakthrough efforts in the journey to maintain our leading position in the Vietnamese non-life insurance market, while affirming the mark of the Vietnamese brand on the insurance map of the Asian region, demonstrating our capacity - reputation - aspiration to reach international standards".
PVI Insurance being named in the TOP 3 at one of the most prestigious awards in Asia is a symbolic step forward for the capacity of Vietnamese enterprises in the integration era. This not only affirms PVI Insurance's position as a leading non-life insurance company in Vietnam, but also opens up opportunities to expand international cooperation, bringing Vietnamese brands further in the regional insurance value chain.
The Singapore International Reinsurance Conference (SIRC) is a leading prestigious event in the Asia-Pacific region in the field of insurance and reinsurance, gathering the world's leading corporations, insurance and reinsurance companies and experts. PVI Insurance is the only Vietnamese insurance company to attend the event, with 5 separate large meeting rooms, creating the best environment for companies to participate in exchanging information, expanding and developing cooperation opportunities.
