CHIANG RAI : Muang Thai Life Assurance Plc has set its sights on increasing gross premiums to over 50 billion baht this year through a larger distribution network which covers alternative channels such as department stores and hospitals.
The company remains upbeat about its business prospects this year, with written premiums projected to outpace the life insurance market's growth, said president and CEO Sara Lamsam.
Last year, it continued to record healthy growth, with gross written premiums of 48.86 billion baht, a 30% rise over the previous year. Of the total, new business saw exceptional growth of 32% to 21.66 billion baht, with renewal premiums increasing 26% to 27.20 billion baht.
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