“PTI: 26 Years of Building on a Solid Foundation”

August 1st, 2024, marked PTI’s 26th anniversary. Over the past 26 years, PTI has established itself as a leading non-life insurance company in personal insurance and has fulfilled its mission as a community insurance company. For five consecutive years, PTI has been rated by the international credit rating organization A.M. Best with a Financial Strength of B++ (Good) and a long-term credit rating of bbb (Good). PTI has also achieved an aa.VN rating from A.M. Best, representing the highest evaluation according to the National Standards of Insurance Companies in Vietnam, with a stable outlook. As of the first half of 2024, PTI reported impressive results with revenue exceeding VND 2,000 billion, pre-tax profits of VND 256 billion, and continues to create value every day while fostering future development.

On this anniversary, PTI once again received the Top 10 Reputable Non-life Insurance Companies in 2024 award presented by Vietnam Report Joint Stock Company in collaboration with VietnamNet newspaper. The evaluation was based on stringent criteria, including financial capacity, media reputation, and customer satisfaction.

PTI’s Journey of Continuity and Development

Established in 1998 by the Postal and Telecommunications Group, PTI has grown into one of Vietnam’s leading non-life insurance companies. Throughout its development, PTI has become a listed company on the stock market with an owner’s equity scale of VND 2,277 billion as of June 30, 2024. PTI boasts a nationwide network of 55 branches and over 200 transaction offices. The company is fueled by a dedicated and cohesive team of 2,100 employees and more than 20,000 professionally trained PTI iCA insurance agents who are well-versed in insurance and technology.

Along with VNDIRECT, PTI’s largest shareholder, the company benefits from a solid foundation of technology, professional governance, and a team of financial advisors. This partnership has provided PTI with additional resources to build internal capabilities and establish robust governance practices.

Currently, PTI offers over 100 diverse insurance products for individuals and businesses. The company constantly strives to provide comprehensive insurance solutions and create financial resilience to protect its customers from risks, as evident during the COVID pandemic, where PTI paid out nearly VND 400 billion to its customers. This experience reinforced PTI’s mission of providing Comprehensive Insurance – Security and Mutual Support.

In 2024, with a transformative milestone, PTI embarks on a journey of continuity and development, embodied by the message “People – Trust – Insurance.” PTI introduces a new set of values, prioritizing servant leadership and a commitment to delivering timely and dedicated services to earn customers’ trust and peace of mind. PTI offers a comprehensive range of insurance products through three solution packages: PTI Care – Health and Travel Insurance, PTI SOS – Motor and Personal Property Insurance, and PTI Commercial – Insurance consulting services for business customers. PTI’s future development strategy will build upon today’s achievements, focusing on three pillars: People, Technology, and Value Chain, to better serve its customers.

During the anniversary gathering in Hanoi, attended by all branch offices, Ms. Hoang Thi Yen, CEO of PTI, shared, “PTI’s achievements today are a testament to the dedication and hard work of our predecessors and every PTI employee. With gratitude, we pledge to continue striving to bring the best value to our customers and positively contribute to the growth of Vietnam’s non-life insurance industry.”