Petrolimex Joint Stock Insurance Corporation (PJICO) has once again been named among Vietnam’s Top 10 Non-life Insurance Companies in 2024. This marks the 9th consecutive year that PJICO has secured a spot in this prestigious ranking.
The Top 10 Companies in the insurance sector are recognized by Vietnam Report and published in the VietNamNet newspaper. This year’s list comprises efficient, experienced, reputable, and influential companies that have made significant contributions to the development of the insurance industry and the Vietnamese economy as a whole.
According to Vietnam Report, the banking and insurance sector faced numerous challenges and unpredictable fluctuations in 2023 compared to other industries. Nevertheless, it still achieved positive results.
2024 is forecasted to be another challenging year for the industry, but it benefits from a more refined legal framework with a clear roadmap, fostering long-term sustainable development and efficiency.
Moving forward, adaptability and innovation will be key factors for banking and insurance companies to overcome obstacles and maintain growth in an increasingly competitive business environment.
Recognizing the rapid changes in the insurance industry driven by technology, PJICO has accelerated its efforts in digitizing data and processes. The company is also committed to building a culture that fosters human resource development to enhance customer experience in the digital age.
Over time, through unwavering dedication, PJICO has successfully implemented various information technology projects and adopted numerous digital initiatives. These endeavors have contributed to improved business efficiency and optimized customer experience.
In preparation for a new phase of growth, PJICO unveiled a refreshed brand identity in June 2024, featuring a modern logo that embodies the vibrant colors of technology. This new look aligns with the digital transformation wave, infusing the brand with youthful energy.
Guided by the philosophy of “Serving from the Heart,” PJICO pledges to provide comprehensive and humane insurance products and services to its valued customers.
For the first half of 2024, PJICO surpassed its targets, achieving remarkable results. Specifically, the company’s revenue reached VND 2,695 billion, with original insurance revenue standing at VND 2,220 billion. This represents a 10.7% increase compared to the same period in 2023. Notably, PJICO’s pre-tax profit for the first six months reached VND 196.2 billion, completing 67.6% of the plan proposed by the General Meeting of Shareholders. These outcomes testify to the successful implementation of PJICO’s efficient, safe, and sustainable business strategy.
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