Prudential Thailand hits record Q1 outcomes, joins top six insurers

Confessions (Thailand) achieved a record-breaking first quarter in 2023, with the very best weighted first-year premiums in the company’s history, propelling it into the highest six insurance suppliers in the nation.
During the primary three months, the firm’s weighted first-year premiums grew by 36% year-on-year, surpassing the market growth of 17% and elevating its market share from 5.7% in the identical interval of 2022 to six.7%. Prudential Thailand’s success was evident across varied distribution channels, reaching the top place in digital, third in Bancassurance, and fourth in telemarketing as of March 2023.
Chief government Bundit Jiamanukoonkit attributed the impressive growth to a 28% improve in Bancassurance, a staggering 1,366% in digital, 73% in the agency, and 21% in telemarketing. He said…
“The operational performance demonstrates the energy of the company’s digitally enhanced omnichannel distribution platform. This enabled Prudential Thailand to realize weighted first-year premiums of 1.98 billion baht in the first quarter, regardless of considerable Covid-19-related disruptions and economic challenges.”
Bundit emphasised the company’s give consideration to inclusivity and variety, aiming to supply accessible and inexpensive insurance solutions tailor-made to the unique wants of assorted households and individuals. He reiterated his commitment as chief govt to serve not only clients however all stakeholders.
In collaboration with its Bancassurance partner, TMB Thanachart Bank (TTB), Prudential Thailand introduced a brand new well being product referred to as TTB easy care plus household version. This revolutionary providing permits prospects to share outpatient department (OPD) and inpatient department (IPD) coverage among family members inside a single coverage, masking up to 5 folks per insurance coverage policy..

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