INSURANCE
BKI banks on car sales for growth
- Published: 14 Dec 2012 at 00.00
- Newspaper section: Business
The SET-listed Bangkok Insurance (BKI) believes continued robust car sales will be a main driver of 15% growth in premium revenue next year.
It is targeting 15 billion baht in premium income in 2013, with underwriting profit after paying off claims incurred by the 2011 flooding.
Driven by the government's first-time car buyer scheme, auto sales are expected to pass 1.3 million units this year, while next year another strong performance of 1.1-1.15 million units is targeted by the industry.
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