Ban Muang – Thai Insurance Insurance View first quarter net profit117 million baht – total premiums hit 1,649 million baht

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Tuesday, May 17, 2022, 3:33 p.m.

Thai Viet Show InsuranceFirst quarter net profit117 million baht – total premiums hit 1,649 million baht

“Thai Wiwat Insurance” shows results for the first quarter of 2022, net profit of 117 million baht, total premiums hit 1,649 million baht, growing strong! from the feedback “Car insurance on-off” continues to be strong. Ready to continue to develop technology improve service efficiency increase the accuracy of the systemTo filter the risks, press the Loss Ratio down to 53.3%. The executives are confident that the 2022 overview of the year 2022 total premiums will grow past 7,000 million baht as targeted. Ready to send the progress sign “Holding Company” to put the flag on the stock marketof Thailand by the end of this year

Mr. Jeeraphan Asawathanakul, Chief Executive Officer and President, Thaivivat Insurance Public Company Limited or “TVI”, the leader in insurance innovation. reveal an overview of the resultsIn the first quarter of 2022, the Company had a net profit of 117 million baht.The net income grew to 1,454 million baht in line with higher total insurance premiums.outstanding growth of almost 22%, reaching 1,649 million baht, mainly due to the responseOn-off car insurance from the operatorConsumers that are still good At the same time, the company has openedNon-Motor products to increase choice for operatorssuch as accident insurance, PA Active Shield, cancer insurance, Cancer Care, as well as expanding more products.additional options for car insurance customers such as Home-Plus open-close car insurance and Pet-Plus open-close car insurance to increase the choiceVariety for consumers under the slogan “Think for every life”

Read Also  'Semiconductor hegemony' Intel begins construction of its Arizona plant... Samsung and TSMC?

For the cost of warrantyInsurance increased by about 4% to 1,133 million baht and operating expenses increased.increased 13.3% to 174 million baht, increasing at a lower rate thanthe growth of premium income as a result of service capabilitymanage effectivelyConsistently high-level image from the adoption of Big Data and technology. which helps to increase the efficiency of the serviceto and increase the precision of the systembetter filter the risks As a result, the loss ratio continued to decline from 59.2% in the same period last year to 53.3%.

Mr. Jeeraphan added that The growth prospects for the second quarter of 2022 continue in the second half of the year are still bright. Support the overall picture of the year 2022 to grow as targeted Total premiums exceeded 7 billion baht under the strategy of focusing onbring technology to develop productsquality and services to create new innovations reinforcing its leadership in Insure TechThailand insurance standards with AI with the launch of “MARS” (Motor AI Recognition Solution) Deep Tech Startup that comes with the first solution “MARS Inspection Solution” or “come to inspect” AI, real-time vehicle inspection at100% accurate, the owner of Thailand

At the same time, the companywill continue to look for opportunities to synergizeNathamit expands sales channels increase accessibilityInsurance Create a new experience for peopleconsume and to unlock restrictionsto expand the business Most recently, the shareholders’ meetingOn February 28, 2022, there was a resolution to approve the restructuring ofThe shareholding is held in a form of holding.Company under the name “Thai Wiwat Holdings Public Company Limited” or “TVH” which is currently in the process of filingto the supervisory board afterSecurities and Exchange Commission (SEC) initially expected to list the sharesand delisting TVI shares from the Stock Exchange of Thailandin Thailand by the end of this year

Read Also  Musk sold Tesla stock all week... Sold 8.1 trillion won

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick