PVI Insurance Corp (Vietnam) Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/pvi-insurance-corp-vietnam/ Wed, 28 Aug 2024 04:59:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Vietnam’s PVI Insurance gets greenlight to raise charter capital to US$157m: report https://insuranceasianews.com/vietnams-pvi-insurance-gets-greenlight-to-raise-charter-capital-to-us157m-report/ Wed, 28 Aug 2024 04:35:44 +0000 https://insuranceasianews.com/?p=161481 It is the second capital increase approved by the regulator in five months, as Vietnam's largest non-life insurer continues to grow its market share.

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Vietnam’s ministry of finance has approved an increase in the charter capital of PVI Insurance to VND3.9 trillion (US$157 million) from VND3.5 trillion, making it the non-life insurer with the highest...

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]]> Hanoi Re’s expense ratio to stay elevated: AM Best https://insuranceasianews.com/hanoi-res-expense-ratio-to-stay-elevated-am-best/ Tue, 02 Apr 2024 00:54:28 +0000 https://insuranceasianews.com/?p=150745 AM Best has revised the company’s outlook to positive from stable, and affirmed its "B++" (good) which accounts for the enhancement from its parent, HDI Global.

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Vietnam reinsurer Hanoi Re's risk-adjusted capitalisation is expected to remain at the strongest level but its expense ratio will likely stay elevated over the medium term, AM Best said
While its unde...

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]]> Vietnam’s PVI Insurance strong underwriting results set to sustain: AM Best https://insuranceasianews.com/vietnams-pvi-insurance-strong-underwriting-results-set-to-sustain-am-best/ Thu, 28 Mar 2024 07:01:32 +0000 https://insuranceasianews.com/?p=150291 Vietnam's largest non-life insurer's financial strength rating, at "A-" (excellent), was affirmed on its strong performance and support from parent, German insurer HDI Global SE.

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PVI Insurance Corporation will continue to deliver robust underwriting profits over the medium term, driven by its profitable commercial and industrial lines of business and investment returns, AM Bes...

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