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Mar. 4--State-owned Dhipaya Insurance plans this year to tap into new products including directors' and officers' liability (D&O) coverage, and industrial coverage for small enterprises to build business growth.
According to managing director Charuek Kungwanphanich, Dhipaya last year generated premiums worth over 6.85 billion baht, a rise from 6.35 billion baht in 2003, with profit increasing to 506.795 million baht from 361.831 million baht in 2003.
A 40 percent rise in net profit was attributed mainly to higher underwriting profit and increased investment income, he said.
Dhipaya posted underwriting profits of 808.94 million baht, with ...
Source: HighBeam Research, Moderate gains posted by listed firms last year.