Leveraging from Allianz’s global capability, network, and financial strength, Allianz Ayudhya General Insurance Public Company Limited continues the expansion of its mid and large corporate insurance business in Thailand. The company is confidence to achieve 20% growth by the end of 2024.
Lars Heibutzki, President & CEO - Allianz Ayudhya General Insurance, stated, "2023 has been a successful year for us, with our growth being double the market average. This year, one of our key strategies is to continue the expansion of our corporate insurance business, to address specific risks faced by large corporations, including business disruptions, natural disasters, cyber threats and the challenges posed by emerging technologies, which were identified as Thailand's primary concern in our annual Risk Barometer report. Today, we are excited to introduce Allianz Commercial, designed to serve medium and large corporations within Allianz Ayudhya General Insurance. This initiative is backed by the unique wealth of knowledge, expertise, and international Allianz Group network spanning in over 70 countries. Coupled with our financial strength, we are in a good position to drive growth and forge new business opportunity, particularly with multinational companies and those with unique business models requiring underwriting specialty."
Mr. Christian Sandric, Regional Managing Director, Allianz Commercial Asia, states that “The expansion plans in Thailand are part of a broader strategy for growing the business across Asia. Thailand is one of our core markets with significant opportunities to leverage our Commercial product offering and capabilities to support the developing needs of local Thai clients. The country’s commitment to driving its economy forward as a regional economic hub with strong infrastructure readiness makes it an attractive business development opportunity.”
