Muang Thai Life Assurance (MTL) is confident its business will continue to expand this year as it predicts the insurance industry will resume growth, up from a slight contraction in 2022.
MTL expects an increase in new written premiums in the first quarter as well as overall growth this year, chief executive Sara Lamsam said yesterday.
“The business recorded very slow growth during the first quarter of 2022, following economic headwinds including high market volatility as well as mounting geopolitical tensions,” he said.
“This year, I see more promising opportunities for the business than last year from factors such as the recovery in tourism, although we still need to keep an eye on risks and uncertainties.”
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