NH P&C Insurance announced on Jun 21 about its new Memorandum of Understanding (MOU) with PVI Insurance, Vietnam's leading non-life insurance company at its headquarters in Seodaemun-gu District, Seoul on Jun 20.
There were more than 30 representatives of the two companies in the signing ceremony of the MOU including Mr. Duong Thanh Danh Francois - Chairman of PVI Insurance, Mr. Do Tien Thanh – Director of Corporate Risks Division of PVI Insurance, Mr. Vu Van Son – Vice Director of Corporate Risks Division of PVI Insurance, Mr. Choi Mun Seob - CEO of NH P&C Insurance and other representatives of NH P&C Insurance.
Through this MOU, NH P&C Insurance and PVI agree to establish a cooperation to obtain more business opportunities and take advantage of client network and services of both parties. This agreement is designed for a new revenue model through the cooperation with PVI Insurance and is believed to be the first step for NH P&C Insurance to enter the global market.
“NH P&C Insurance is intensifying collaborative efforts in Vietnam, which is emerging as the largest market in Southeast Asia.”, Choi Mun Seob - CEO - NH P&C Insurance said.
In addition, PVI Insurance is the insurer with the highest the non-life insurance market share in Vietnam. PVI Insurance is the first and only enterprise in Vietnam to be upgraded the financial strength rating to A- (Excellent) by A.M. Best.
Source: Sedaily.com
https://www.sedaily.com/NewsView/29QXW61QF1
On July 11, 2023, PVI Insurance Corporation (PVI Insurance) signed a Memorandum of Understanding (MOU) with NongHyup Property and Casualty Insurance Co., Ltd. (NH P&C Insurance) (Korea) at PVI Insurance’s headquarters in Ha Noi.
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On July 25th, 2023, at the Headquarters of PVI Tower, PVI Holdings successfully held a conference to review business activities in the first 6 months of 2023 and implement the second half of 2023. Mr. Nguyen Xuan Hoa – Standing Vice Chairman of PVI's Board of Directors/CEO and Mr. Duong Thanh Danh Francois - Vice Chairman of PVI's Board of Directors chaired the meeting. Attending the conference were Mr. Doan Linh - Member of the Board of Directors of PVI, Head of Supervisory Board, Board of Management, Directors of Departments/Centers under PVI Holdings and leaders of member companies in PVI system, including: PVI Insurance Corporation, PVI Reinsurance Corporation, PVI Asset Management.
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