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Muang Thai Life insurance set to hit growth target for this year.

Bangkok Post (Bangkok, Thailand)

| August 02, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Aug. 2--Muang Thai Life Assurance Co is confident of reaching its projection of at least 20 percent growth in premium income this year, with the help of a new multi-market distribution campaign.

President Sara Lamsam said that thanks to the satisfactory income from renewal premiums, the first-half performance of Muang Thai was better than expected, with 25 percent growth, higher than the previous projection of 21 percent.

Mr Sara said premiums from new businesses or first-year premiums increased only 2 percent. However, the low growth was above the average for the entire industry, which was negative.

According to statistics from the Thai Life ...

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