Post by account_disabled on Dec 24, 2023 3:09:44 GMT
TSI Insurance continues to build strength after increasing capital in the 4th quarter of 2019, expanding insurance work, resulting in CAR RATIO increasing more than 500% in the 3rd quarter, making a profit of 23 million baht, totaling 9-month periods with total income of more than 450 million baht, emphasizing Quality work for both Motor and Non Motor. Expected to have insurance premiums of 670 million baht at the end of the year. Mr. Thanaphon Bunwarut, Chairman and Chief Executive Officer of Thai Setthakit Insurance Public Company Limited or TSI Insurance, revealed an overview of operations during the past 9 months that Even though the COVID-19 outbreak situation has had some impact on operations, the company is able to manage the organization internally in accordance with the planned plan to create long-term growth. Both regarding policies for selecting quality work insurance Personnel development and development of information technology systems by investing in the new Core Insurance system to support the growth trend of the general insurance market.
In addition, the company has implemented the TSI Easy Connect system to connect the sales work of brokers and insurance agents. Helps customer service work smoothly More efficient and faster “In the past, the company has added a marketing team and an underwriting department to support growth. In the 3rd quarter of 2020, general insurance or Non-Motor insurance had Telegram Number Data relatively high growth. Both personal accident insurance (PA) and property insurance products Fire insurance engineering insurance and miscellaneous insurance. In addition, the company is also preparing to sell COVID insurance. For foreigners who will travel to the country to support the government's policy of opening the country," Mr. Thanaphon said. As for the operational plan from now on, we will still focus on the quality of insurance work and building good relationships with trading partners such as brokers, agents, disaster survey companies. Repair center and garage Along with finding new partners to develop insurance products that meet the needs of specific customer groups. and expanding access to business customers. In addition, in terms of service and sales support, the company will continue to improve work processes and service quality in every aspect, especially in claims services. 43A2180CB4EB63E245FCE8592CDD0F0C Ms.
Kanida Nimmanawatana, Executive Vice President Finance and Accounting Division Mentioning the operating results in the 3rd quarter of 2020, the company had total income of 171.5 million baht and a net profit of 23.4 million baht, of which 111.0 million baht was income from insurance premium recognition and increased other income from reversals. Expenses related to past lawsuits The lawsuit has ended and the company There is no obligation to pay such expenses. Meanwhile, the net claims ratio decreased from 74 percent to 46 percent and other underwriting expenses were similar to the previous year. For the 9-month period, the company had total premiums of 512.9 million baht, total income of 454.1 million baht, an increase from 210.8 million baht from 2019, representing insurance income of 370 million baht, divided into premium income that can be recognized. The income (Earned Premium) was 288.5 million baht. Wages and bonuses received from reinsurance companies were 108.5 million baht. The company's proportion of premiums 90 percent comes from automobile work and 10 percent from other types. Investment income and other income amount to 84.1 million baht.
In addition, the company has implemented the TSI Easy Connect system to connect the sales work of brokers and insurance agents. Helps customer service work smoothly More efficient and faster “In the past, the company has added a marketing team and an underwriting department to support growth. In the 3rd quarter of 2020, general insurance or Non-Motor insurance had Telegram Number Data relatively high growth. Both personal accident insurance (PA) and property insurance products Fire insurance engineering insurance and miscellaneous insurance. In addition, the company is also preparing to sell COVID insurance. For foreigners who will travel to the country to support the government's policy of opening the country," Mr. Thanaphon said. As for the operational plan from now on, we will still focus on the quality of insurance work and building good relationships with trading partners such as brokers, agents, disaster survey companies. Repair center and garage Along with finding new partners to develop insurance products that meet the needs of specific customer groups. and expanding access to business customers. In addition, in terms of service and sales support, the company will continue to improve work processes and service quality in every aspect, especially in claims services. 43A2180CB4EB63E245FCE8592CDD0F0C Ms.
Kanida Nimmanawatana, Executive Vice President Finance and Accounting Division Mentioning the operating results in the 3rd quarter of 2020, the company had total income of 171.5 million baht and a net profit of 23.4 million baht, of which 111.0 million baht was income from insurance premium recognition and increased other income from reversals. Expenses related to past lawsuits The lawsuit has ended and the company There is no obligation to pay such expenses. Meanwhile, the net claims ratio decreased from 74 percent to 46 percent and other underwriting expenses were similar to the previous year. For the 9-month period, the company had total premiums of 512.9 million baht, total income of 454.1 million baht, an increase from 210.8 million baht from 2019, representing insurance income of 370 million baht, divided into premium income that can be recognized. The income (Earned Premium) was 288.5 million baht. Wages and bonuses received from reinsurance companies were 108.5 million baht. The company's proportion of premiums 90 percent comes from automobile work and 10 percent from other types. Investment income and other income amount to 84.1 million baht.