Bảo hiểm phi nhân thọ PVI Việt Nam
PVI Insurance — Vietnam's Largest Non-Life Insurer, Formerly PetroVietnam Insurance
PVI Insurance — Vietnam's Largest Non-Life Insurer, Formerly PetroVietnam Insurance
Vietnam's #1 non-life insurer by market share, revenue and capital, holding an A- (Excellent) AM Best rating for four consecutive years and now majority-owned by German insurance group Talanx AG — a locally dominant, internationally-backed choice for motor, property, health, travel and liability cover.
No single insurer fits every risk
We represent more than 25 insurers precisely because medical, vehicle, home, factory/office and professional liability cover each reward a different kind of underwriter or administrator. An insurer we rate highly for expat medical cover may not be who we'd recommend for a factory property policy. This profile tells you what PVI Insurance is — and isn't — the right fit for.
"PVI" originated as PetroVietnam Insurance, majority-owned by state oil and gas group PetroVietnam, and many people in Vietnam still know it by that name or its former "Bảo hiểm Dầu khí" branding. Since 2011, German insurance and reinsurance group Talanx AG has built up a stake in PVI, and by 2023 Talanx moved to take a majority (circa 80%) position, with PetroVietnam retaining a minority holding. In practice this means PVI today combines a dominant local market position with genuine European institutional backing — useful context when a client asks "isn't this just the state oil company's insurer?"
PVI is a broad non-life insurer built primarily around commercial, energy, marine, motor and property risk — its personal lines (health, travel, accident) are real but sit alongside a much larger corporate/industrial book, so expect a company culture geared more toward business clients than a boutique expat health specialist.
Companies and individuals in Vietnam who want the financial weight of the market's largest, best-capitalised non-life insurer — strong for motor, property, marine, energy and commercial liability risk, and increasingly recognised internationally (2025 InsuranceAsia News "General Insurer of the Year" for Asia-Pacific, "Best Digital Insurer" multiple years running). A sound choice for personal accident, health, travel or home cover for locally-based clients who value institutional scale and a huge nationwide agent network over a boutique, concierge-style service model. Less suited to expats who specifically want an internationally portable medical plan spanning multiple countries — PVI's personal health products are strong domestically but are not a global expat medical plan in the mould of the international-only specialists on our directory.
How PVI Insurance scores on our 5 criteria
Scored out of 5 on each criterion. See the full methodology for how we assess reliability, benefits, flexibility, pricing and claims handling across all partner insurers. Illustrative rating based on advisory board review — updated periodically.
Reliability
Vietnam's largest non-life insurer by market share, revenue and capital, with an A- (Excellent) AM Best rating held for four consecutive years and majority ownership now sitting with Talanx AG, a major German insurance group — solid backing, tempered by the scale and bureaucracy that come with a large, diversified national insurer.
Benefits Value
Comprehensive personal lines spanning accident & health, travel, vehicles, property and even golf insurance, backed by genuine institutional scale — solid, mainstream benefit levels rather than the boutique or premium-tier benefits of specialist international health insurers.
Flexibility
A wide product range across personal and business lines gives real breadth of choice, though PVI's core strength and product depth sits in commercial, motor, marine and energy risk — personal health and travel plans are more standardised than the highly tiered/customisable plans of dedicated health insurers.
Pricing
Institutional scale and a Vietnam-wide agent network let PVI price competitively across most personal and commercial lines — one of the stronger value propositions on our directory for locally-based buyers of standard cover.
Admin & Claims
A 24/7 dedicated claims hotline, 43 member companies and 60+ sales departments nationwide, plus a 2025/2026 "Outstanding Claims Management" industry award — solid infrastructure, though as with any large national insurer, personal-lines claims can move at a different pace than a boutique concierge-style insurer.
Vietnam's #1 non-life insurer, now with German institutional backing
PVI Insurance began life as PetroVietnam Insurance, majority-owned by state energy group PetroVietnam, and built its early business on the oil and gas, marine and energy risk that came with that heritage. Over three decades it has grown into Vietnam's leading non-life insurer by market share (17.69%), the first Vietnamese non-life insurer to reach USD 1 billion in revenue, and the non-life insurer with the largest charter capital in the country (VND 4,320 billion). German insurance and reinsurance group Talanx AG began building a stake in PVI in 2011 and moved to majority ownership (approximately 80%) in 2023, with PetroVietnam retaining a minority position — a structure that pairs deep local market dominance with international institutional capital. PVI has held an A- (Excellent) Financial Strength Rating from AM Best for four consecutive years (since 2023), and in 2025 became the first Vietnamese non-life insurer to win "General Insurer of the Year" at the InsuranceAsia News Awards for Excellence in the Asia-Pacific region.
Product lines
PVI's personal insurance range sits alongside a much larger commercial and industrial book, distributed through 43 member companies and thousands of agents across all 34 cities and provinces of Vietnam:
What PVI Insurance offers
Sourced from PVI's own product pages — grouped here the way our advisory board evaluates it.
Accident & Health Insurance
Personal accident and health cover designed to protect individuals and families against medical costs and income loss from illness or injury.
Travel Insurance
Cover for medical emergencies, trip disruption and related risks while travelling, purchasable online for individuals and families.
Vehicle Insurance
Motor insurance for private vehicles — one of PVI's largest and longest-established personal lines, backed by a nationwide claims and repair network.
Property Insurance
Cover for homes and personal property against fire, natural disaster, theft and other perils.
Golf Insurance
A specialised personal accident and liability product for golfers, covering incidents on the course including equipment and third-party liability.
Commercial & Industrial Lines
PVI's largest business segment — commercial property, marine, energy, construction, liability and other corporate risk lines, drawing on its PetroVietnam-era heritage in industrial and energy insurance.
Common questions about PVI Insurance
Sourced and paraphrased from PVI's own site — answered here in the context of clients based in Vietnam.
Is PVI still owned by PetroVietnam?
Not in the majority sense any more — PetroVietnam remains a shareholder, but German insurance group Talanx AG has held a stake since 2011 and moved to a majority position (roughly 80%) in 2023. The "PVI" name and much of its business heritage still trace back to PetroVietnam Insurance, but day-to-day control now sits with Talanx.
Is PVI mainly a personal insurer or a commercial one?
Primarily commercial — PVI's largest business by far is corporate, marine, energy, construction and property risk, a legacy of its PetroVietnam origins. Personal lines (health, travel, motor, property, golf) are a real but smaller part of the overall book.
How financially strong is PVI?
PVI holds an A- (Excellent) Financial Strength Rating from AM Best, maintained for four consecutive years since 2023, and has the largest charter capital of any non-life insurer in Vietnam at VND 5,000 billion.
How do I make a claim?
PVI operates a dedicated 24/7 hotline for compensation settlement (1900 54 54 58), separate from its general contact hotline, alongside Customer Care Representative Offices in the Northern and Southern regions of Vietnam.
Where does PVI operate in Vietnam?
Nationwide — PVI has a system of 43 member companies with over 60 sales departments and thousands of insurance agents present across all 34 cities and provinces of Vietnam.
Can I buy PVI insurance online?
Yes — select personal insurance products can be purchased directly through PVI's online platform, in addition to PVI's extensive network of agents and member companies.
Reach PVI Insurance or your advisor
Latest contact details, pulled directly from PVI's official site.
PVI's presence in Vietnam
PVI's official English site still displays its founding PetroVietnam-era branding in places — if a document or contact you're holding references "PetroVietnam Insurance," "Bảo hiểm Dầu khí," or "Bảo hiểm PVI," it refers to the same company. Use the contact details above as the current source of truth.
