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Monday, May 6, 2024

Prudential posts record results as premiums gain

Mr Bundit says Prudential Thailand achieved weighted first-year premiums of 1.98 billion baht in the first quarter this year.

Prudential Life Assurance (Thailand) posted record-high financial results in the first quarter of 2023, with the highest weighted first-year premiums in its history as the firm joined the country’s top six insurance providers.

The company’s weighted first-year premiums grew by 36% year-on-year in the first three months, outpacing market growth of 17%, and increasing the company’s market share to 6.7% from 5.7% in the same period of 2022.

Gains happened across various distribution channels, with Prudential Thailand ranking top in digital, third in bancassurance, and fourth in telemarketing as of March…

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