Allianz Ayudhya Assurance aims to achieve 34.7 billion baht in gross written premiums this year through the expansion of all distribution channels.
Thomas Wilson, chief executive and president of Allianz Ayudhya Assurance, said the company maintained a strong position in the market in 2021.
Despite it being a challenging year for the insurance industry, the company achieved 4% growth in operating profits last year, spurred by 7% growth in profits from agency channels and a 28% gain in profits from its bancassurance partnership with Krungsri Bank.
Allianz Ayudhya attributed its success to its accessible health products, positive company foundation, and the “Plus X” campaign that utilised cross-selling and upselling strategies.
“We are confident the situation will improve, particularly as pandemic containment moves in a positive…
