Digital transformation to help drive growth in premiums

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The digital transformation of non-life insurance could drive Thailand's premium growth by at least 2.5 times to reach 734 billion baht and boost the industry's penetration rate to the same level as South Korea, one of the world's leading insurance markets, says SET-listed Dhipaya Group Holdings.

Dhipaya, through its subsidiary TIP ISB, has formed a joint venture with MAI-listed Beryl 8 Plus (BE8) called HoriXon T8, with the aim of elevating the insurance ecosystem through artificial intelligence (AI) usage.

The health insurance sector will begin to adopt a co-payment scheme for simple disease claims at the beginning of March, where customers need to pay for a certain portion of a claim, as medical expenses continue to rise, he said.

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Article Details

Category: EconomyBusiness

Markets: ThailandSouth Korea

Topics: South Billion Baht Non-life Thailand Insurance Dhipaya Rate Industry Korea Somporn

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 04:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 534 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 25549021

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Official Website: bangkokpost.com

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