Doing insurance business is to implement Petrolimex’s strategy for diversification of business scope and lines. Petrolimex Joint Stock Insurance Company (PJICO) now has more than 50 insurance products and market shares in the sectors of transport, project construction and installation, oil and gas, import and export goods and vehicle insurance.
In recent years, Petrolimex Insurance had the highest growth rate in this sector in Vietnam. Petrolimex Insurance covers countrywide and is ensured financially by world top reinsurance houses such as Munich Re, Swiss Re, Hannover Re, Hartfort Re, Aon Re... The year of 2004 was the year when Petrolimex Insurance for the first time directed its activities toward international market and got a profit of more than 1 million US dollars.
The strategy of Petrolimex Insurance in coming time is to develop into a first-class financial group in Vietnam, and expand its activities to international market.