Recently, at the PVI Tower, a meeting was held to summarize the topic of enterprise risk management after one week of effective work by experts from Talanx/HDI - a leading Financial Insurance Corporation in the world.

The participants were Mr. Nguyen Xuan Hoa - Standing Vice Chairman of the BOD cum CEO of PVI Holdings; Mr. Duong Thanh Danh Francois - Vice Chairman of the BOD, as well as representatives of PVI's Board of Management and subsidiaries including PVI Insurance, PVI Reinsurance, and PVI AM.

Representatives from Talanx/HDI included Mr. Lach Gunther and Mr. Bureske Steve, in charge of the risk management and actuarial functions of HDI.

Based on the practical business requirements of PVI, the requirements of shareholders, as well as anticipating the requirements of the Insurance Business Law, PVI has gradually developed and achieved certain results in the enterprise risk management system with the support of experts from PwC, Deloitte, and especially the experts from Talanx/HDI.

During the working period from February 13 to 17, 2023, two experts from HDI collaborated with Legal, Compliance and Risk management Division of PVI Holdings and subsidiaries to implement assessment, training, and transfer advanced technology in risk management for PVI following the best practices of Europe and the world. The experts were also impressed with the results achieved by PVI in enterprise risk management development such as implementing a Three lines model in risk management governance, raising awareness of risks for all employees through training courses and seminars, developing internal documents, implementing a risk reporting system, implementing quantitative models to manage key risks... All of these results have taken a step forward compared to the requirements of the Insurance Business Law and gradually approached the risk management standards of HDI/Talanx.

In the future, HDI will continue to collaborate more closely with PVI to improve and promote PVI's risk management capacity, making risk management an essential part for PVI to achieve business goals, the expectations of shareholders, and stakeholders.