Building on the milestone of USD 1 billion in revenue achieved in 2025, PVI Insurance Corporation (PVI Insurance) enters 2026 with a renewed strategic focus on fostering innovative thinking and new ways of working to drive differentiated growth.
In the first quarter of 2026, PVI Insurance recorded total revenue of VND 8,164 billion, achieving 127% of its quarterly target and marking a 13.1% year-on-year increase, thereby exceeding its Q1 business plan.
Sustained Growth Across Core Business Pillars
Growth momentum remained strong across key business segments. Gross written premium reached VND 4,699 billion, maintaining PVI Insurance’s leading position in Vietnam’s non-life insurance market.
Reinsurance operations also delivered positive results, with international reinsurance continuing to contribute significantly to overall performance. This underscores the company’s solid financial strength, advanced risk management capabilities, and growing reputation in both regional and global markets.
Meanwhile, social insurance (SI) collection services emerged as a highlight, with total collected premiums reaching VND 982 billion, up 32% year-on-year and fulfilling 20.2% of the annual target. Deepening involvement in SI collection not only opens up new growth opportunities but also enhances nationwide customer reach, supporting PVI Insurance’s broader ecosystem development strategy.
Revenue from e-commerce channels also continued to grow compared to the same period last year. In parallel with maintaining its existing product portfolio, the company has expanded partnerships and diversified offerings, strengthening its ability to reach customers across digital platforms.
These results have been supported by targeted investments in IT infrastructure aimed at improving operational efficiency and strengthening risk control. The application of artificial intelligence (AI), process automation, and data integration into core systems is progressively helping the company shorten processing time and improve accuracy in underwriting, customer service, and claims handling. Digital platforms—including 24/7 mobile and web applications, e-commerce systems, e-payment solutions, e-invoicing, and business support tools—have been continuously upgraded to become more synchronized, flexible, and user-friendly.
Strong Financial Foundation and International-Standard Risk Management
PVI Insurance’s Q1 2026 performance is underpinned by a solid financial foundation and well-established risk management capabilities. In 2026, the company increased its charter capital to VND 5,000 billion, maintaining its leading position in terms of capital scale within Vietnam’s non-life insurance sector. Additionally, PVI Insurance has been rated A- (Excellent) with a “Stable” outlook by AM Best for the fourth consecutive year—clear recognition of its financial strength and risk management system aligned with international standards.
This strong foundation enables the company to proactively expand its business, enhance risk retention capacity, develop new products, and improve competitiveness in technically demanding segments, while maintaining operational stability amid an increasingly volatile business environment.
Driving Innovation for Sustainable Growth
Entering 2026, PVI Insurance identifies innovation as a core principle across management thinking, execution, and long-term competitiveness. From the outset of the year, a clear message has been established across the organization: continuously innovate thinking, build mechanisms that encourage creativity, and foster a culture of bold thinking and decisive action.
On that foundation, PVI Insurance aims to cultivate an innovation-driven working environment across all levels—from governance and operations to product development, sales organization, and customer experience enhancement. Innovation is not only about breakthrough ideas, but also about practical improvements in business processes, proactively finding new solutions to existing challenges, and embracing more effective ways of working.
This approach serves to unlock internal capabilities, enhance adaptability, and lay the groundwork for sustainable growth in a rapidly evolving market landscape.
