SINGAPORE, Feb 14 (Bernama-BUSINESS WIRE) — AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of PVI Insurance Corporation (PVI Insurance) (Vietnam). The outlook assigned to these Credit Ratings (ratings) is positive.
The ratings reflect PVI Insurance’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). In addition, PVI Insurance benefits from rating enhancement from HDI Haftpflichtverband der Deutschen Industrie V.a.G. (HDI V.a.G. or the HDI group).