PetroVietnam Insurance Joint-Stock Company (PVI ) is a Vietnamese insurance company. The state-owned PetroVietnam holds a controlling stake in PVI.
It had a share of around 20% in the insurance market (excluding life insurance) in 2011, making it the second largest insurer just after Bao Viet Insurance and before Bao Minh and PJICO.[2] It has been the only one of the four big insurers that were able to significantly increase their market share from just over 10% in 2005, while market leader Bao Viet and Bao Minh have continuously lost market shares.[2]
PVI has a strategic partnership with Talanx AG, a German insurer. Talanx has been holding 25% of PVI's shares since August 2011 and decided to acquire another 6% in May 2012.[3]
In 2023, Talanx decide to take over 80% of PVI. In the future, they take the rest 20% from PetroVietnam