TIPH is proceeding with a major portfolio restructuring, launching the TIPSOL digital platform to tap the retail customer market, with a first-year premium target of 500 million baht and a goal to increase the retail share to 50% within three years. Meanwhile, the total premium target for 2026 is 32-33 billion baht, growing about 5%, higher than the industry's expected growth of 2.5-3%. The first half has already exceeded half of the target. Dr. Somporn Suebthawilkul, CEO of TIPH and Managing Director of TIP, said that TIPSOL will connect the brand with seven lifestyle aspects, covering cars, homes, travel, health, dining-shopping-travel, pets, and superstitions, to create lifetime customers and further brand recommendations. The first phase opens to retail customers with annual policies, while the second phase expands to corporate clients and CEOs. Currently, the Personal Line portfolio stands at 35%, with a goal to increase to at least 50% within three years. The auto portfolio will expand from no more than 25% to 40%, while maintaining Non-Motor greater than Motor to preserve strengths. Additionally, as president of the Thai General Insurance Association, Dr. Somporn revealed about the disaster insurance project for residences, which the government plans to start underwriting on September 16. The government will subsidize an average premium of 500 baht per household, covering 30 million households, adding 15 billion baht to total premiums and providing maximum coverage of 75 billion baht per year. The association is preparing strict criteria for selecting companies, such as a CAR Ratio of no less than 180-200% and two consecutive years of profit. It is expected that about 25 out of 47 companies will pass the criteria. A reinsurance pool will be established, with Thai Re as the pool manager, retaining domestic risk of no more than 5 billion baht, while the remaining 70 billion baht will be transferred abroad.
Dhipaya Group Holdings PCLTIPH launches TIPSOL digital platform to tap retail customers, targeting 500M baht first-year premiums and raising retail share to 50%.
TIP Group's TIPSOL platform targets retail customers with 500M baht first-year premiums and total 2026 premiums of 32-33B baht.
