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    PVI   VN000000PVI1

PVI HOLDINGS

(PVI)
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PVI : Re and Bao Long launched electronic portal for reinsurance transactions

09/01/2021 EDT

PVI Reinsurance Corporation (PVI Re) and Bao Long Insurance Corporation successfully completed the signing of the Electronic Reinsurance Transaction Portal.

The implementation of the Electronic Reinsurance Transaction Portal between Bao Long and PVI Re will help connect the information technology systems between the two entities and give access to manage all reinsurance agreement and reinsurance transactions on this digital platform. With this system, specific tasks that are 'traditional' and 'man-consuming' such as generating premium payment and losses compensation are made through a digital signature system and automatically rotated between the two portals that will help managing account offsets quickly, clearly, and orderly.

Bao Long and PVI Re intend to establish a sustainable business model going paperless and minimizing storage space for reinsurance closings. This cooperation will ensure resource optimization, improving business performance and promote digital transformation in insurance/reinsurance companies.

Until present, PVI Re had successfully developed Electronic Reinsurance Transaction Portal with Vietnam Joint Stock Commercial Bank for Industry and Trade (VBI), BIDV Insurance Corporation (BIC) and Bao Long Insurance Corporation.

PVI Re is aiming to sign and utilize the Electronic Reinsurance Transaction Portal with other insurance companies both locally and internationally, for a green, paperless and space-saving business model.

Disclaimer

PVI Holdings published this content on 01 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 September 2021 08:21:06 UTC.


© Publicnow 2021
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Financials
Sales 2020 5 608 B 247 M 247 M
Net income 2020 807 B 35,5 M 35,5 M
Net cash 2020 1 144 B 50,3 M 50,3 M
P/E ratio 2020 9,37x
Yield 2020 -
Capitalization 10 394 B 456 M 457 M
EV / Sales 2019 1,00x
EV / Sales 2020 1,06x
Nbr of Employees 2 561
Free-Float 10,7%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 46 500,00 VND
Average target price 39 777,00 VND
Spread / Average Target -14,5%
Managers and Directors
Hoa Xuan Nguyen Vice Chairman & Chief Executive Officer
Jens Holger Wohlthat Chairman
Nguyet Thi Bui Independent Director
Thuan Van Bui Director
Danh Thanh Duong Director
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