Post and Telecommunication Joint Stock Insurance Corporation (PTI) was founded on August 1,1998 and has three major shareholders, namely South Korea-based Dongbu Insurance Co., Ltd. (37.32%), Vietnam Post Corporation (22%) and Vndirect Securities Corporation (22%). Charter capital: US$35,000,000.
PTI provides both individual and institutional customers in four main product categories: Motor Vehicle Insurance, Personal Insurance, Property & Engineering Insurance and Marine Insurance.
PTI currently has 47 member companies and a customer service network consisting of 10,800 post offices across the country.
PTI has over 1,810 employees working at the head office and 41 member companies.
Overall Insurance Rating
As partly owned by the Vietnam Post company and in the competitive postal service industry across Vietnam, PTI is well positioned to offer insurance services for both local and national large companies.
PTI as a runner-up (to Bao Viet and PetroVietnam insurance) is eager to offer value for money with and a competitive service from North to South of Vietnam. Proven market products.
PTI has the DNA of a local post office, with a presence nationwide. A no non-sense approach to clients needs. PTI is not keen on adventurous exposure to unknown new risks.
Pricing is competitive or below the market to pay for the base protection Vietnamese individual and company local needs
With their DNA of post office network and client servicing: they follow the market practice with no nonsense of bigger and more monopolistic Vietnamese insurers.
Ideal Client Profile
Individuals and companies looking for a long-term partner in insurance with base products existing in the market.
Office and factory insurance for corporate customers.
Vietnamese employee group medical insurance
Fronting partner for April International and Henner in the higher-end private health insurance for Expatriates