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VI

About PTI

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%).

PRODUCTS & SERVICES

PTI offers customers with a wide range of practical and superior products and services.f4r

PTI provides both individual and institutional customers with over 100 insurance products grouped in four main product categories: Motor Vehicle Insurance, Personal Insurance, Property & Engineering Insurance and Marine Insurance.

SERVICE NETWORK

PTI currently has 41 member companies and a customer service network consisting of 10,800 post offices across the country.

Empowered by Vietnam Post Corporation’s nationwide post office system, PTI is proud to be a non-life insurer with the largest sales and customer service network in the local market.

HUMAN RESOURCES

PTI has over 1,810 employees working at the head office and 41 member companies.

With as much as 92.3% of its personnel holding college and university degrees or higher, PTI is led by a dynamic and highly qualified team.

CORPORATE SOCIAL RESPONSIBILITY

PTI is the only non-life insurer to launch the “Green Dreams” project annually.

After seven years of implementation, PTI has donated presents with a total value of over VND7 billion to about 35,000 students nationwide.

LINES OF BUSINESS

DIRECT INSURANCE BUSINESS

  • Health insurance and personal accident insurance;

    Property & Engineering Insurance;

    Insurance for goods transported by road, sea, river, rail, and air;

    General liability insurance;

    Motor vehicle insurance;

    Fire & explosion insurance;

    Business interruption insurance;

REINSURANCE BUSINESS

As one of the first insurers in Vietnam, PTI has extensive experience in providing high-value and specialized insurance services, including electronic equipment insurance for Vinaphone VND4,000 billion), construction insurance for the National Assembly House (VND5,800 billion), insurance for Sai Gon M&C Building (VND6,000 billion), and property insurance for Vinpearl Danang (VND1,200 billion). PTI also has experience in settling large claims, such as Ha Nam Textile Company (US$6 million, Chutex Textile (US$20.5 million) and Theodore Alexander Co., Ltd. (US$17.5 million).

PTI maintains strong relationships with the world’s leading reinsurers, including Swiss Re, Munich Re, Korean Re and Sompo Japan Nipponkoa and reinsurance brokers such as Benoit, Marsh and Willis. Reinsurers named in PTI’s reinsurance contracts are rated A (strong financial strength) or higher by Standard & Poor’s or A (excellent ability to meet financial obligations) or higher by A.M. Best.

LOSS SURVEY

Backed by its practical experience in adjusting claims for direct insurance classes, PTI also surveys and analyzes losses, acts as a survey agent and claims against third parties in the name of its clients.

INVESTMENT

In addition to the core insurance business, PTI has also stepped up itsinvestment activities, focusing on two main areas: Financial Investment and Real Estate Investment. PTI is one of the insurers with high profitability ratios in the market.

OTHER LEGITIMATE ACTIVITIES

  • Full official name: Tổng công ty Cổ phần Bảo hiểm Bưu điện;

    Business name in Vietnamese: Bảo hiểm Bưu điện;

    Real estate business;

    Name in English: Post and Telecommunication Joint Stock Insurance Corporation;

    Abbreviated name: PTI;

    Charter capital: VND803,957,090,000;

    Head office: 8th Floor, 4A Lang Ha Street, Ba Dinh District, Hanoi;

    Tel: (84-24) 37724466 Fax (84-24) 37724460/37724461;

    Website: www.pti.com.vn;