Analysis of Capital Assessment Criteria at PTI Non-life Insurance Enterprises

The article sheds light on the stated research objectives. Based on the set of criteria for capital assessment at non-life insurance enterprises, the author conducted an experimental assessment at Post - Telecommunication Joint - Stock Insurance Corporation. The assessment results show that PTI currently has a low capital capacity compared to the market (VND 804 billion). Specifically, PTI is ranked 3rd in terms of revenue but only 9th in terms of charter capital size compared to non-life insurance companies. PTI hardly has the opportunity to participate in large insurance policies, limiting its ability to compete with competitors in the market. PTI has a Solvency Margin as stipulated by the Ministry of Finance in 2022 is quite low (117%), a sharp decline compared to 2021 (168%). The business has a huge change in equity and it indicates the financial capacity of the business for the worse. The reason is that Vietnam Post Corporation (VNPost) successfully divested all capital in PTI, causing capital capacity to be low compared to the market and the risk of not ensuring a solvency margin. However, the equity change target shows that equity with total liabilities received without taking into account the assistance of PTI's reinsurers is still warranted. Although Vietnam Post Corporation (VNPost) divested all capital, PTI still secured capital to cope with abnormal fluctuations in losses.