Thaivivat Holdings Public Company Limited

Thai Wiwat Holdings Public Company Limited, or TVH, announced its investment in Thoon Insurance Public Company Limited through a private placement of newly issued shares, with a total value of approximately 60.24 million baht, representing a 25.1% stake in the company. The move aims to expand into the travel insurance market, where Thoon Insurance is a key partner, and will help broaden the customer base and enhance competitiveness, as well as further develop the non-motor insurance segment. Mr. Jeerapan Assavathanakul, Chief Executive Officer of TVH, stated that the company continues to seek additional investment opportunities, utilizing funds remaining from reserves and capital. Meanwhile, Mr. Thepphan Assavathanakul, Deputy Managing Director of Thai Wiwat Insurance Public Company Limited, forecasts that total premiums in 2026 will grow by more than 10%, with motor insurance growing 7% in the first half and non-motor growing 15%. The company currently has approximately 1 million policies in force, and expects accelerated growth in the second half, particularly in the fourth quarter, which is the high season for tax-deductible insurance purchases.

Thai Wiwat Holdings Public Company Limited (TVH) targets total written premiums this year of approximately 8 billion baht, growing about 5% from the previous year, by using technology to analyze consumer needs and improving internal systems to reduce costs. Meanwhile, the restructuring into a holding company aims to increase flexibility in management and investment, allowing the company to retain excess funds at the holding level instead of paying out all dividends, to serve as reserve capital to support insurance companies in case of severe disasters, and to increase flexibility in investing in other businesses or partnering with other insurance companies. Additionally, TVH plays a role in national disaster risk management, working with the General Insurance Association, the Office of Insurance Commission, and the Department of Disaster Prevention and Mitigation to finalize disaster insurance guidelines covering approximately 30 million households. However, there are challenges from potential damage values up to 40 billion baht, while written premiums are only in the tens of billions of baht, necessitating risk distribution to international reinsurers. The company will also use a Training for Trainer model to train village headmen and sub-district headmen to convey knowledge about claim payment conditions to the public accurately.

Thaiwiwat Holdings Public Company Limited, or TVH, reported first-half results for 2569, with profit for the period up 102% from the same period last year and insurance service performance growing more than 34%. Mr. Jiraphan Assawathanakul, Chief Executive Officer and President, said the growth came from higher sales driven by expanded channels and partners, as well as improved products and better underwriting quality from data-driven decision-making. The motor insurance group remains the core of Thaiwiwat Insurance, while the non-motor insurance group is a key growth engine. The company is moving forward with reshaping customer access into ecosystem solutions connected with partners across various industries. In the second half of the year, it will expand the non-motor business through product development that meets lifestyle needs, such as cancer insurance and accident insurance with Thairath Group, TVI Homie Care home fire insurance, and health insurance developed with TrueMoney. It is also applying AI to upgrade the end-to-end insurance process, from underwriting and claims to repairs, to increase efficiency, reduce operating costs, and lay the foundation for becoming a leader in InsurTech in Thailand.

Thaiwiwat Holdings has signed an agreement to subscribe to 15,060,000 newly issued ordinary shares of Thoon Insurance, with a par value of 10 baht per share, through a private placement at 4 baht per share, representing a total investment of 60,240,000 baht. This results in a 25.1% stake in the total shares after the offering. The transaction remains subject to registration of the change in paid-up capital with the Department of Business Development and approval from the Office of Insurance Commission. The company aims to expand its non-life insurance business, particularly the travel insurance market, and reported first-half net profit of 514.4 million baht, up 102% from the same period last year, driven by insurance revenue growth of 3.5% to 3,939.6 million baht and a 5.7% decline in insurance service expenses to 3,164.4 million baht.

Thaiwiwat Holdings Public Company Limited, or TVH, reported its operating results for the first half of 2569. The group's insurance service operations grew more than 34%, and profit for the period increased 102% from the same period last year. Chief Executive Officer and Managing Director Jiraphan Assawathanakul said the growth came from higher sales driven by expanded channels and partnerships, as well as improved products and better underwriting quality from data-driven decision-making. The motor insurance group remains the core, while the non-motor insurance group is a key growth engine. TVH is moving forward with transforming its customer access model from traditional channels to ecosystem solutions connected with partners across various industries, and is preparing to launch new products in the second half of the year, such as cancer insurance and accident insurance with Thairath Group, TVI Homie Care home fire insurance, and health insurance with TrueMoney. The company is also applying AI to upgrade its end-to-end insurance processes through the MARS Inspect, Claim Generate, and MARS Garage systems.