About Us

The History of Asia Insurance 1950 Public Co.Ltd.

The company was established in 1950 as an insurance company under the Asia Trust Group with a paid capital of 30 million baht.

On September 9th 2003, a group of experts in the insurance trade led by Julpayap Srikanjana became shareholders and built “Asia Insurance” as an insurance company introducing innovations to the insurance business.

In 2005-2006, Asia Insurance 1950 developed a new innovation insurance policy for motorists in Thailand and became the generic name in the industry. The ASIA 3+ was a new sensation that added variety to the insurance business and Asia Insurance was recognized as an innovative insurance company.

In 2007, Asia Insurance 1950 received 1st place, The Gold Award for Best Marketing Campaign from the Marketing Association of Thailand (MAT) Awards 2007 in the category of Creative Marketing Concepts, followed by the opening of Asia Insurance BTS Skytrains gave a complete full service directly to the consumers. Meeting the younger generation’s lifestyle need of quick and convenient and true desires of all consumers.

On December 23 2008, DEG (KFW) the No.1 development bank for business in Germany and also one of the top banks in Europe made a joint venture agreement with Asia Insurance 1950 to share the objective of developing the company’s insurance business to acquire the capability and potential in expanding and building financial stability. Our company currently has a registered capital of 199 million baht.

On February 6 2013, Asia Insurance 1950 became a public company as “Asia Insurance 1950 Public Co. Ltd.”, a step towards further greatness and a solid foundation.

Vision

INNOVATIVE FOR CARING

We determine to create new and innovative products that add value to insurance policies in order to provide the best insurance for our customers.

Offices and Services

We support in providing service on an international standard and provide convenience to customers that gave trust to Asia Insurance 1950 Public Co., Ltd. Our policy is to increase our branches across the country to cover 170 areas while expanding 680 offices, to give occupational opportunities for those who are interested.

Asia Insurance 1950 Public Co., Ltd. offers insurance services that provide cover for all types of accidents and focuses on developing our policies to be diverse and support every needs of our customers. We mainly focus on auto insurance, both compulsory and voluntary, fire insurance, maritime cargo insurance and other insurances i.e. personal accident insurance, golf insurance.

about-vision

Mission

Cultivate ideal customer service, develop within and outside the organization to operate systematically, set standards for agents and improve individual to be expertise in the insurance field and utilize technology.

Annual Information of Importance

Asia Insurance 1950 Public Co., Ltd. focused on developing its products along with its distinctive features to be the one company in your heart with excellent service. All of these support the future growth as the growth of the company premium in 2004 was 192 million baht, a growth rate of 380%.

Asia Insurance 1950 Public Co., Ltd. focuses on developing its organization to be modern, prompt to deliver excellent service and determine to create products that will fulfill our customers’ needs and benefits.

“Asia Insurance lets you live life to every aspect you can imagine and require”

Partners

The success of Asia Insurance as a new wave in the insurance business has brought DEG bank, a financial establishment in the KFW banking group and Germany’s No.1 in business development, to come and invest in Asia Insurance as a shareholder of 24.9%, the highest share allowed by the law for a foreign company. Both Companies have come to an agreement on December 23rd, 2008, to share the objective of developing the company’s insurance business to acquire the capability and potential in expanding and building financial stability.

partner

Board of Directors

  • Mr. Chulapayap Srikarnchana Chairman
  • Mr. Nakorn Joomseepan Executive Director
  • Mr. Nik Chandravithun Managing Director
  • M.R.Damrongdis Diskul Executive Director
  • Dr. Ho Yik Lung Simon Vice Chairman
  • Mr. Jatinder Kumar Mukhi Director & CEO
  • Dr. Herbert Baumgartner Director
  • Mrs. Sirikarn Sakdhidej Bhanubandh Na Ayudhya Director
  • Mrs. Naravadee Srikarnchana Director
  • Mr. Chaiwat Kovavisarach Director
  • Mr. Suraporn Raktaprachit Director
  • Mr. Vate Lenbury Director