The Insurtech industry in Thailand has been growing steadily with firms in the sector consistently finalizing million-dollar investment rounds. Meanwhile, traditional insurance service providers in the country have been working on their digital transformation strategies in order to remain competitive, as foreign companies are also entering the Thai market.
So far this year, at least two Thailand-based Insurtechs have secured substantial funding via an investment round. The two Series A rounds were finalized by Muang Thai Broker ($6.7 million), the provider of a digital insurance comparison service and sales platform provider Gettgo, and AppMan ($4.6 million), which operates AgentMate, a virtual POS that digitizes the sales process associated with offering life and non-life insurance packages.
AppMan, which is notably one of Thailand’s first Insurtech service providers, stated that…
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The Insurtech industry in Thailand has been growing steadily with firms in the sector consistently finalizing million-dollar investment rounds. Meanwhile, traditional insurance service providers in the country have been working on their digital transformation strategies in order to remain competitive, as foreign companies are also entering the Thai market.
