Taiwan-based insurance firm Shin Kong Vietnam and Vietnam-based PVI Insurance have on Tuesday held a formal opening ceremony, marking the beginning of their strategic cooperation and the official launch of a new compulsory third party liability (CTPL) insurance platform.
The duo said in a statement that this partnership brings together Shin Kong Vietnam’s international insurance expertise with PVI’s strong local presence and market leadership.
At the core of this collaboration is IXT’s innovative insurance technology platform, which enables fast, flexible product development while ensuring compliance with local regulations and delivering an enhanced digital experience for customers.
For PVI, the partnership offers access to global best practices and advanced technology infrastructure, supporting its ongoing digital expansion ambitions through diverse distribution channels.
For Shin Kong Vietnam, PVI provides invaluable market insights, capabilities to cooperate through technology, and regulatory expertise.
“This cooperation is a significant milestone for us in Vietnam,
“AIFT’s IXT core insurance platform has allowed us to digitize rapidly, and partnering with PVI ensures we deliver localized, customer-centric solutions,” said Mark Wei, Chairman of Shin Kong Life.
Duong Thanh Francois, the chairman of PVI Insurance, said this partnership represents a powerful combination of technology and tradition.
“Together, we aim to raise industry standards and bring greater value to Vietnamese customers,” he added.
Michelle Ip, Chief Executive Officer of AIFT Enterprise, emphasized that this successful launch in Vietnam is just the beginning.
“With its vast experience in the Vietnam market, AIFT understands the unique opportunities and challenges here,
“As Shin Kong expands its presence across Southeast Asia, AIFT will continue to grow alongside our partner, delivering scalable technology solutions and supporting sustainable growth through strong local collaborations,” she added.
According to the statement, AIFT and Shin Kong Vietnam have partnered with Chunghwa Telecom Vietnam Co., Ltd. for data center and cloud infrastructure services.
Leveraging Chunghwa Telecom’s 17+ years of Vietnam IDC experience, this collaboration delivers enterprise cloud solutions, cybersecurity services, and consulting to financial, retail, and service industry clients.
The tri-party partnership exemplifies Taiwan-Vietnam cross-border synergies in digital insurance innovation.
This grand opening ceremony marks more than a contract signing or a new digital product launch – it signals a new era of collaboration and innovation in Vietnam’s insurance industry under the strategic alliance among insurers, agents and technology providers.
Operating as an insurance agency in Vietnam, Shin Kong Vietnam provides integrating insurance solutions with advanced digital technologies.
PVI is Vietnam’s leading property insurance company, with extensive experience serving both individual customers and corporate clients across various industry sectors.
Incorporated in Singapore, AIFT is a leading technology firm pioneers the future with cutting-edge technologies in cybersecurity and insurtech to support the adoption of digital trends among enterprises, including AI and Web3.
Founded in 2020, IXT is the insurtech arm of AIFT , incorporated in Singapore with a strong global presence.
The firm offers a modern insurance core solution for insurers, agency, broker, and apps/platforms.
Chunghwa Telecom Vietnam was established in 2011 to provide “International Circuit VPN” and “Enterprise Customer Comprehensive ICT Solutions” with advanced technologies such as cyber security, cloud service, DC colocation, internet of things, big data, and AI to multination corporations.
The firm also collaborates with local strategic partners to promote digital transformation for various industries, offering smart government, smart transportation, smart city, smart factory, smart healthcare.
AIFT, Shin Kong Life forge strategic partnership to enter Vietnam’s digital insurance