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Thai Insurer Eyes 40 Percent Jump in Premiums.
Byline: Charoen Kittikanya
May 3--Buoyed by the country's economic recovery outlook, Siam Commercial New York Life Insurance Plc projects its premiums will reach 1.4 billion baht this year, up from one billion baht last year.
"Our first-quarter performance was outstanding. Individual life insurance policies alone saw a 100 percent surge to 53 million baht," said Donald Carden, president and chief executive of the company. "If we can maintain double-digit growth in every quarter, we'll be very happy."
The company's first-year premiums totalled 321 million baht in the first quarter of this year, a 24 percent increase from the same quarter last ...
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Source: HighBeam Research, Thai Insurer Eyes 40 Percent Jump in Premiums.