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Viriyah Insurance sets a goal for 2024: “More than coverage is value”

Bangkok, Viriya Insurance Announcing the 2024 work plan under the concept of "A year of stability and fairness: More than protection is value." The operating results for the past year had a total of 40,077 million baht in direct premiums, while the 2024 target was set The target is 43,000 million baht. Mr. Amorn Thongthew, Managing Director of Viriyah Insurance Public Company Limited, revealed that the direction of operations in 2024, the company is still committed to continuous service development. Including the use of technology to increase efficiency by adhering to the customer-centric principle. This year we will strive to provide services under the concept 'Years of stability and fairness: More than protection is worth it.' Throughout the 77 years of operation, the company continues to manage risks with the insurance system for the people. Ready to reinforce stability with existing assets of 68,335 million baht and capital adequacy ratio (CAR) at 180%, which is at a level higher than the capital adequac y standard. As specified by law For operating results in 2023, the company still holds the number 1 general insurance market share for the 31st consecutive year with a market share of 14%, as well as the car insurance market at Viriyah Insurance. It still holds the number 1 market share for the 36th consecutive year with a market share of 22%. In the past year's performance, the company had a total of 40,077 million baht in direct insurance premiums, divided into 35,633 million baht in automobile insurance premiums. baht and non-car insurance of 4,444 million baht. In 2024, the company aims for total insurance premiums of 43,000 million baht, divided into car insurance of 38,000 million baht and non-car insurance of 5,000 million baht,' Mr. Amorn said. In addition, the company still adheres to the policy. 'Fairness is a policy.' Currently, Viriyah Insurance has more than 6,700 employees nationwide, both back-office personnel and front-end personnel who serve customers. Mr. Amorn further said that in 2024 t he company has introduced new technology. to use and develop insurance service innovations. In the past 2-3 years, it is well known that the company has introduced the service "VClaim on VCall" or online claim appointment via video call to provide services to customers. Currently, this service has expanded to cover all directions throughout Thailand. Received good feedback from customers and the company. also launched new service innovations 'V-Inspection' is a service that uses AI to help inspect the condition of cars before receiving insurance. Allowing the insured to conveniently check the condition of their vehicle anytime, anywhere via their mobile phone. Source: Thai News Agency