Petrolimex Joint Stock Insurance Corporation (PJICO), one of the top five non-life insurance companies in Viet Nam, signed a co-operation agreement on Thursday with the Republic of Korea’s Woori Bank to boost insurance packages.

Representatives of PJICO and Woori Bank sign the agreement. — Photo cafef.vn

PJICO partners with Korea’s Woori Bank

23/01/2019

Petrolimex Joint Stock Insurance Corporation (PJICO), one of the top five non-life insurance companies in Viet Nam, signed a co-operation agreement on Thursday with the Republic of Korea’s Woori Bank to boost insurance packages.

SR Vietnam | Business News & Business Solutions

Under the agreement, the two sides will jointly build added benefits to meet the increasing demand of customers for package insurance plans. PJICO insurance products – including motor vehicle insurance, health insurance, and property insurance – will be delivered through Woori Bank’s network system.

Woori Bank is a leading Asian bank and the oldest of its kind in the Republic of Korea at 119 years old. It has 410 branches in 25 nations. PJICO is a member of the Viet Nam National Petroleum Group (Petrolimex) with 23 years of operation and development.

In the first nine months of 2018, PJICO achieved positive business results with a total revenue of nearly VND2.3 billion (US$98 million), an increase of 11 per cent over the same period last year. The company’s profit reached nearly VND131 billion, a year-on-year increase of 8.2 per cent, completing 76.3 per cent of its target for the year. — VNS

Source: Bizhub.vn

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