INSURANCE
Tokio Marine stays committed to Thailand
- Published: 31 Oct 2012 at 00.00
- Newspaper section: Business
Tokio Marine Insurance (Thailand) Plc, formerly Tokio Marine Sri Muang Insurance, remains upbeat about its prospects despite 83 billion baht in losses incurred from last year's floods.
According to president Lhuckchai Suttichujit, the local affiliate of Tokio Marine Holdings expects to achieve healthy business growth of 43% this year, outstripping its original target of 24% growth.
For the first nine months, Tokio Marine Insurance reported gross written premiums of 5.4 billion baht, up 47% from the same period last year, with marine and motor insurance driving growth.
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