On the afternoon of January 23, 2024, in Hanoi, PVI Insurance Corporation (PVI Insurance) successfully organized a ceremony to summarise business activities and honor outstanding collectives and individuals in 2023.

Attending the ceremony were Mr. Edgar Puls, CEO of HDI Global SE; Mr. Duong Manh Son, Deputy CEO of Vietnam Oil and Gas Group (PVN); Mr. Jens Holger Wolthat, Chairman of the Board of Directors of PVI Joint Stock Company (PVI Holdings); Mr. Nguyen Xuan Hoa, Permanent Chairman of the Board of Directors cum CEO of PVI Holdings and members of the Board of Directors, Supervisory Board, Executive Board of PVI Holdings and Board of Directors of member companies of PVI Holdings.

On the PVI Insurance side were Mr. Duong Thanh Francois, Vice Chairman of the Board of Directors of PVI Holdings, Chairman of the Members' Council of PVI Insurance; Mr. Pham Anh Duc, CEO of PVI Insurance and delegates in the Members' Council, Board of General Directors, Heads of Divisions and Directors of Member Units, Heads of Customer Service Representative Offices and typical trade union members representing more than 2,400 officers and trade union members of PVI Insurance Corporation.

Especially, the ceremony was attended by Mr. Le Van Hung, Mr. Bui Ngoc Bieu, Mr. Do Dinh Luyen, and Mr. Tran Van Kim - Former leaders of PVI through periods.

In 2023, overcoming many difficulties and challenges, PVI Insurance continues to hold the No. 1 position in the market. Vietnam Non-life insurance on key indicators under the guidance of the Board of Directors as well as the joint contributions and tireless efforts of all employees. The total revenue in 2023 reached 14,547 billion VND, completing 119.5% of the year plan, growing 14.0% compared to 2022 and leading the non-life insurance market. Of which, primary insurance revenue reached 11,002 billion VND, growing by 9.7%, accounting for the highest market share.

In 2023, PVI Insurance operated effectively and sustainably with the highest pre-tax profit and profit from insurance activities in the market, of which pre-tax profit reaches 790 billion, completing 116.2% of the year's plan, growing by 16.2%. With that outstanding achievement, PVI Insurance had received prestigious and prestigious awards from domestic and international organisations such as: PVI Insurance is the only non-life insurance enterprise for 3 consecutive years. honored in the TOP 50 Outstanding Profit Enterprises in Vietnam; Voted Top Insurance Company for 8 consecutive years in the Top 10 Reputable Non-Life Insurance Companies 2023 by Vietnam Assessment Report Joint Stock Company (Vietnam Report); Top 10 Non-Life Insurance businesses with the best places to work and Top Employers in Vietnam in 2023; The Most Innovative Non-Life Insurance Enterprise 2023 voted by International Finance Magazine (IFM); was honoured in the "Insurance Asia Awards" list of Insurance Asia News - Asian Insurance Magazine in the category of Best Digital Insurance Enterprise in 2023.

The boldest impression in 2023 will be when PVI Insurance is pioneers to become the first and only domestic enterprise in Vietnam to be rated financial capacity A- (Excellent) by AM Best - the global credit rating agency specialising in the insurance industry. Since then, PVI Insurance has taken advantage and signed cooperation agreements with many major domestic and foreign partners such as: PVN, EVN, NongHyup Property & Casualty Insurance Company Limited (NH P&C Insurance) Korea,... and promote reinsurance revenue to achieve high growth.

In particular, on the afternoon of October 2, 2023, PVI Insurance was honoured to welcome the delegation from Lower Saxony (Germany) at PVI Tower, Hanoi. The meeting had the presence of the state's Premier, Mr. Stephan Weil and other members of the delegation. This special visit marks an important milestone, opening up opportunities for sustainable and long-term cooperation between PVI Insurance and the business community of Vietnam and Germany.

Along with maintaining traditional product channels, PVI Insurance continues to promote the development of e-commerce channels and officially established and put into operation PVI Digital Insurance Company, which is the focal point for development e-commerce channels nationwide.

2024 will continue to be a year of changes and challenges for PVI Insurance. The leadership and staff of PVI Insurance are determined to conquer new tasks and milestones. Accordingly, PVI Insurance aims to exceed the business plan targets for 2024 and continue to maintain the position of No. 1 insurance company in the non-life insurance market in terms of scale and efficiency; promote IT application; Comprehensive focus on risk management solutions; Focus on expanding and occupying foreign-invested projects and small and medium-sized services; continue to promote the development of e-commerce and brokerage channels; Maintaining a retail system that both grows in scale and maintains efficiency; Expand the reinsurance market to the world.

Within the framework of the Ceremony, in addition to the outstanding individuals and groups in 2023 being honored, PVI Insurance awarded the Cup of Honor to PVI Digial Insurance - The unit with the best achievements in the system in 2023.