Bangkok--Jan 28--Muang Thai Insurance
Muang Thai Insurance has reported its operating result in 2004 with the profit more than Bht 90.22 Million and the increase in the Total Written Premium of Bht 290.60 Million. The Company is ready to create various and complete service, to be professionally and to be able to response to every need of the clients.
Mrs. Nualphan Phanchet, President of Muang Thai Insurance Co., Ltd., reveals that the operating result of the Company in 2004 had the profit more than Bht 90.22 Million, which is more than 48% from the same period of the previous year, with the underwriting profit of Bht 239.40 Million. The investment income is Bht 67.10 Million which represents the increase of 14%
For the operations of Muang Thai Insurance in 2005, the Company plans to have the Gross Written Premium of Bht 1.69 Billion which represents the growth rate of 17% This is a very challenging goal amidst the severe competition in the market.
“The Company plans to be the leader in various and complete service, to be professionally and to be able to response to every need of the clients in 2005. We will be the service provider rather than to be the insurer only and are ready to be the Risk Management Consultant for the Corporate and the Individual Clients.” Mrs. Nualphan told the reporter. End.