Allianz sets out major Thai expansion plans

Quick Summary:

The Thai unit of German insurer Allianz plans to expand its life and general insurance premiums by double digits this year, following resilient results in 2024, with a focus on strengthening the distribution channels.

This growth was contributed by the agency channel, which increased by 17% to 3.8 billion baht, and the bancassurance channel, which rose by 27% to 3.1 billion baht.

Commercial insurance business under Allianz Commercial would be expanded, focusing on property, engineering, transportation, and liability insurance.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Allianz Premiums Insurance Ayudhya Growth Company Life Baht Market Billion General

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 04:00:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 454 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26652652

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