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Thailand: Sampanh Insurance accuses competitors of low-balling tactics.
(From Thai Press Reports)
Section: Corporate News - Sampanh Insurance on Wednesday accused its rivals of low-balling prices, which kept the company's premiums from growing in the third quarter, The Nation reports.
As a result, the insurer lowered its premium target to Bt3.5 billion from Bt4 billion for the year. The undercutting occurred even though the Insurance Department recently started enforcing a new minimum-rate law, said managing director Srisakdi Na Nakorn.
While price-cutting ...
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