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Allianz Ayudhya aims to achieve Bt33-billion gross written premium this year

Published Aug 20, 2019
By The Nation

Allianz Ayudhya has reported its first half year results for 2019, showing continuing strong growth and a 15-per-cent increase in annualized new premium (ANP) as it targets a total of Bt33 billion in gross written premium by the end of this year.

Bryan Smith, president and chief executive of Allianz Ayudhya Assurance, said that the insurance market in early 2019 has been pressured by many factors including falling interest rates and reduced consumer’s purchasing power. “However, our distribution channels continue to perform well. This ongoing success is a result of our strategies implemented some years ago that focus on building on our momentum as a Protection Leader.

Protection sales results, especially in terms of health products, are outstanding and are meeting the needs of our customers. We strongly believe that these good results will continue and will empower Allianz Ayudhya to achieve our total premium year-end target of Bt33 billion,” he said.

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Created at 2019-08-25 21:50:03