The first quarter of 2021, PVI Insurance kept its profit growth

10:35' SA - Thứ ba, 20/04/2021

On April 15, 2021 PVI Insurance held a Conference to review the Quarter I and discuss business plan for the Quarter II of 2021 in form of online conference in Hanoi, the Central region and Ho Chi Minh City and presided by the CEO Mr. Pham Anh Duc.

Overview of Hanoi’s Conference

Overview of Ho Chi Minh city’s Conference

By the end of the first quarter of 2021, total revenue of PVI Insurance reached VND 2,894 billion, completing 112.7% of the quarterly plan and growing more than 11% over the same period in 2020. On 2 recent years effective growth momentum, its pre-tax profit in this quarter is VND 174.4 billion, completing 114.8% of the quarterly plan and growing 11.9% over the same period in 2020. Such results once more prove the effectiveness of mechanisms and policies applied by PVI Insurance in both business and management activities.

Mr. Pham Anh Duc – CEO of PVI Insurance operates the conference

In the first quarter of 2021, PVI Insurance has launched its 40th member - PVI Insurance Thu Duc. Located in the new city Thu Duc, the newest unit in the whole system affirmed its strategy by continuing to strengthen the penetration into retail market and improving its customer care service. Along with that, PVI Insurance has entered into a business cooperation agreement with VETC Electronic Toll Collection Co., Ltd. and TC Advisors Joint Stock Company (TCA) to expand and diversify distribution channels to personal customers. In the field of industrial insurance, PVI Insurance has successfully renewed the insurance policies of major customers.

Commendation to units with excellent achievements

E-commerce operation in the first 3 months of 2021 were also promoted by PVI Insurance by increasing products for online sales channel, signing cooperation agreements with partners who have strength of e-commerce in the market, and developing new products. Thanks to the strength of modern and advanced technology platform and the early preparation for issuance of electronic certification, in the first month as the Decree No. 03/2021-ND/CP came into effect (March 1 - March 31, 2021), PVI Insurance was one of the leading insurance companies in issuing electronic compulsory insurance for civil liability with 7,000 auto insurance policies (the revenue of more than VND 6.3 billion), 5,000 motorbike insurance policies (the revenue of more than VND 430 million).

In the first months of 2021, belongs with community responsibility and social security activities being widely deployed throughout the system, PVI Insurance also supported VND 100 million for the Covid-19 epidemic disease center in Hai Duong to fight against the Covid-19 epidemic.

In the second quarter of 2021, PVI Insurance continues its strategy to develop retail system in the principle of effectiveness, further promoting e-commerce channel, preparing conditions to keep maintaining its financial strength rating with AM Best. The Board of Leaders and Employees of PVI Insurance are also determined to complete and exceed their targets of the first 6 months of 2021.