ING continues to deliver performance

MONDAY, FEBRUARY 27, 2012
ING continues to deliver performance

Life insurer ING Ltd reported total premium of Bt10.23 billion in 2011, up 9 per cent on year, thanks to premium generated by partner bank branches.

 


 

 Ignacio Aguilar, ING's chief executive officer, said that of total, first-year premium reached Bt2.2 billion, down 7 per cent from 2010.
 For 2012, it targets to grow first-year premium by 39 per cent, through an established selling channel, new innovative products and services, further strengthening of the management, and E-Branch solutions, he said.
  At the end of 2011, ING had 4,141 agents, 555 agency leaders and 42 agency directors. This year, ING targets to produce Bt999 million in first year premium from the agency channel and grow first-year premium from the bancassurance channel by 15 per cent.