PVIRe’s preliminary conference for the first 6 months of 2013

PVIRe solemnly held the preliminary conference for the first 6 months of 2013 in Da Lat on 11st and 12nd July, 2013.

At the conference, PVIRe was honored to have the presence of leaders of PVI Holdings, PVI Insurance Corporation and the PVI’s subsidiaries.

In the context of recession and difficulties all over global economic in general and the Vietnam economy in particular, PVIRe has constantly strived and gained significant achievements.

PVIRe reported its total inward revenue of the first 6 months of 2013 reached 780.8 billion VND, being equivalent to 121.1% of planned figure, in which the revenue from reinsurance business increased 145.2% compared to the same period last year. Profit of 37.22 billion VND and reserve fund and the combined ratio stood at 88.1%. PVIRe not only successfully maintained the credit rating B+ certified by AM Best but also gained the outlook “positive” from “stable” in 2012.

And also, PVIRe’s plans, key missions and solutions for the last 6 months of 2013 were deployed.
With the above achievements, we can say that although it has been only 2 years since PVIRe officially operated, the company has gradually affirmed its brand and position in Vietnam as well as regional insurance market.

Source: PVI Reinsurance Vietnam