Post by account_disabled on Dec 20, 2023 9:53:00 GMT
Mr. Sara Lamsam, Chief Executive Officer of Muang Thai Life Assurance Public Company Limited or MTL, revealed that the past year 2021 was considered an important year for Muang Thai Life Assurance. To be able to do business alongside Thai people for the 70th anniversary of delivering happiness and smiles. It was also the year that Muang Thai Life Assurance reinforced its leadership in innovative life and health insurance products. and service It is also a leader in offering products through digital channels. that can meet the needs of a variety of customers in very individual ways It has received awards both nationally and internationally as a guarantee of success, such as the Highest Honor Insurance Company Award (Hall of Fame) from the Office of the Insurance Commission (OIC). For the performance of Muang Thai Life Assurance in 2021, there was a growth rate of new premiums at 10% for life insurance products, additional contracts, health and critical illness insurance (Health & CI), with growth of 31%, with a proportion of Selling life insurance types: life protection and life insurance combined with investment (Protection.
and Investment Portion) as high as 77% while having a growth rate of premiums New acceptance of investment linked life insurance products (Investment Linked Product) was at 1,116% and the performance of the business in the regional market (Regional Company) continued to expand. In terms of financial strength and stability, the company received a credit rating from S&P Global Ratings at BBB+ with a stable outlook and from Fitch Ratings at 'A. -' with a stable credit rating outlook and maintains its national financial strength rating (National IFS Rating) at 'AAA(tha)' with a stable credit rating outlook, considered WhatsApp Number List the highest national credit rating. It also has a strong level of capital adequacy as reflected by a capital adequacy ratio of over 300% at the end of 2021, which is higher than the required capital level of 120%. Mr. Sara said that for the direction of operations in 2022, Muang Thai Life Assurance aims for strong and sustainable growth in all dimensions (Sustainable Growth) by setting strategies for business growth and Answer customer needs directly that focuses on developing the capabilities of sales channels for sustainable growth (Distribution Capabilities Enhancement to Grow Sustainably) Presentation and good experience to customers (Excellent Customer Experience) Developing all aspects of work processes to increase efficiency and conform to the modern world (Operations Transformation) Expanding business and services through business alliances in a new way that covers every lifestyle.
(Ecosystem Orchestrator) being an organization that uses data and technology to develop efficiency Developing products and services to customers (Digitalized and Data-Driven Organization) Expanding business into potential markets abroad, such as ASEAN countries. and expand into businesses that have opportunities High growth and business promotion (Expansion in the Regional Markets and Adjacent Industries) Efficient risk management and having good governance (Effective Risk Management) Ready to implement strategies under the concept of "MTL NEXT TO YOU" that focuses on all-round development. ceaselessly To walk side by side and take care of every stage of life. Delivering happiness and smiles to customers in all groups (Democratize Insurance) as well as announcing our position as market leaders in health coverage (Most Trusted Health Partner) and wealth management (Wealth Leader) by offering products Sales and service channels through innovation and modern technology that can appropriately meet the needs of customers in every journey, every lifestyle, End to End In a format that is even more unique and complete in every dimension Ready to create sustainable wealth and stability for customers, employees, society, partners, and shareholders. Including upgrading the organization to international level. To be able to fully cope with the digital world 1643537098613-302-e1643598373503.jpg In terms of health coverage, the company continues to develop life and health insurance products. continuously.
and Investment Portion) as high as 77% while having a growth rate of premiums New acceptance of investment linked life insurance products (Investment Linked Product) was at 1,116% and the performance of the business in the regional market (Regional Company) continued to expand. In terms of financial strength and stability, the company received a credit rating from S&P Global Ratings at BBB+ with a stable outlook and from Fitch Ratings at 'A. -' with a stable credit rating outlook and maintains its national financial strength rating (National IFS Rating) at 'AAA(tha)' with a stable credit rating outlook, considered WhatsApp Number List the highest national credit rating. It also has a strong level of capital adequacy as reflected by a capital adequacy ratio of over 300% at the end of 2021, which is higher than the required capital level of 120%. Mr. Sara said that for the direction of operations in 2022, Muang Thai Life Assurance aims for strong and sustainable growth in all dimensions (Sustainable Growth) by setting strategies for business growth and Answer customer needs directly that focuses on developing the capabilities of sales channels for sustainable growth (Distribution Capabilities Enhancement to Grow Sustainably) Presentation and good experience to customers (Excellent Customer Experience) Developing all aspects of work processes to increase efficiency and conform to the modern world (Operations Transformation) Expanding business and services through business alliances in a new way that covers every lifestyle.
(Ecosystem Orchestrator) being an organization that uses data and technology to develop efficiency Developing products and services to customers (Digitalized and Data-Driven Organization) Expanding business into potential markets abroad, such as ASEAN countries. and expand into businesses that have opportunities High growth and business promotion (Expansion in the Regional Markets and Adjacent Industries) Efficient risk management and having good governance (Effective Risk Management) Ready to implement strategies under the concept of "MTL NEXT TO YOU" that focuses on all-round development. ceaselessly To walk side by side and take care of every stage of life. Delivering happiness and smiles to customers in all groups (Democratize Insurance) as well as announcing our position as market leaders in health coverage (Most Trusted Health Partner) and wealth management (Wealth Leader) by offering products Sales and service channels through innovation and modern technology that can appropriately meet the needs of customers in every journey, every lifestyle, End to End In a format that is even more unique and complete in every dimension Ready to create sustainable wealth and stability for customers, employees, society, partners, and shareholders. Including upgrading the organization to international level. To be able to fully cope with the digital world 1643537098613-302-e1643598373503.jpg In terms of health coverage, the company continues to develop life and health insurance products. continuously.