TIPH has launched its digital platform TIPSOL to target retail customers, aiming to increase the retail customer share to 50% from the current 35% and raise the share of motor insurance business to 40% within three years. Meanwhile, the total premium target for 2026 is set at 32-33 billion baht, growing 5%, higher than the industry's expected growth of 2.5%. TIPSOL is expected to generate first-year premiums of no less than 500 million baht and cover seven lifestyle areas, including cars, homes, travel, health, entertainment, restaurants, and pets. Additionally, Dr. Somporn, in his capacity as President of the Thai General Insurance Association, mentioned the government's disaster insurance project for residential properties, stating that the criteria are still under discussion with the Office of the Insurance Commission and the government, with plans to start underwriting on September 16. The government will subsidize an average premium of 500 baht per household, covering 30 million households. It is expected that total premiums will increase by 15 billion baht, with maximum coverage of 75 billion baht per year.
Dhipaya Group Holdings PCLTIPH launches TIPSOL digital platform targeting retail customers, aiming to lift retail share to 50% and generate first-year premiums of at least 500 million baht.
