Aviation insurance company unveiled

The Vietnam Aviation Insurance Joint Stock Company (VNI) was officially launched in Hanoi on Dec. 11, with initial chartered capital of 500 billion VND (30 million USD).

VNI offers a variety of non-life insurance, such as aviation, health and accident, tourism, assets, transport, credit and financial risk cover. It also accepts and cedes reinsurance for all non-life insurance policies.

It was established by five founding shareholders, namely Vietnam Airlines, the Vietnam Coal and Mineral Industries Group, the Vietnam Machinery Installation Corp., the Hanoi General Import-Export Co., and the Nam Viet Joint Stock Co.

VNI General Director Do Van Hai said that the company is striving to attain an annual growth rate of more than 20 percent and hopes to become one of the leading brand names in the Vietnamese non-life insurance market.

The company officially became a member of the Vietnam Insurance Association on September 12.

VNA

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