PVI seeks expansion at International Reinsurance Conference

Friday, 15/11/2024 12:38
(CPV) - Representatives of PetroVietnam Insurance Corporation (PVI Insurance) have recently attended the 20th Singapore International Reinsurance Conference (SIRC), held at the Sands Expo and Convention Center, Marina Bay Sands, Singapore.

From November 5 to 8, the PVI Insurance delegation, led by Chairman of the Board of Directors Duong Thanh Francois and CEO Pham Anh Duc, Deputy CEO Le Hong Linh, and representatives from various divisions, including Reinsurance, Aviation Insurance and Corporate Clients, attended the SIRC.

At the conference, the company sought to expand its global network and explore opportunities for collaboration with major insurance and reinsurance companies worldwide.

The PVI delegation

For the first time, PVI Insurance secured a dedicated meeting room to maximize participation in multiple working sessions, allowing the firm to engage more effectively in discussions while promoting its image, position and brand.

SIRC has been held since 1991 and has become one of the most prestigious events in the insurance and reinsurance industry in Asia. Over the past three decades, it has developed into a key platform for industry professionals to exchange knowledge, share insights on market trends, and update one another on important considerations ahead of the renewal season.

The delegation worked at the conference

This year’s event with the theme of “Revolutionising Reinsurance”, attracted more than 400 companies and over 3,300 attendees, including top executives, experts, entrepreneurs and industry leaders from around the globe.

Marc Haushofer, Chairman of the SIRC 2024 Organising Committee, said this year’s theme is highly relevant as we navigate a world reshaped by climate change, technological disruption and changes in the global economy. The industry must adapt to emerging risks and adopt new technologies.

Chairman Duong Thanh Francois and Deputy CEO Le Hong Linh (left) worked with partners at the event

From addressing the pressing challenges of climate change to exploring the profound impact of integrating AI, discussions will not only identify current opportunities but also shape future directions. In addition, attracting, retaining and nurturing talent remains essential to the industry’s success, he added.

PVI Insurance, ranked as Vietnam’s leading non-life insurance company and holding an A- ('Excellent') financial rating from AM Best, attracted considerable attention at the event.

CEO Pham Anh Duc (center) takes a photo with the PVI Insurance delegation.

At the event, the company received multiple collaboration invitations and engaged in meetings with over 600 clients from 132 reinsurance and brokerage firms across 20 countries and territories. These included industry giants such as Hannover RE, Swiss Re, Guy Carpenter, Singapore Re, HDI, Gallagher Re, Korean Re, SCOR Re, AXA Insurance, CCR RE and Canopius.

The firm hopes that through the event, the image and brand of PVI Insurance will be closer to the international market, while maintaining and developing existing relationships and creating the premise to open up sustainable and long-term cooperation opportunities in the future./.

BTA

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