Blue Venture Group (BVG), Thailand’s leading software solution provider for the insurance industry, believes insurtech will drive its business expansion in Southeast Asia as the company attempts to mobilise funds from the local stock exchange.
Speaking to the Bangkok Post, BVG chief executive Nawarat Wongthitirat said insurtech is set to bring changes to Thailand’s traditional insurance industry.
According to Global Data Intelligence Center, the industry is projected to grow 4.7% annually in terms of gross written premiums to 1.1 trillion baht in 2026 from 890 billion baht in 2021.
“Insurtech is expected to grow in line with Thailand’s insurance industry as firms are focusing on…
