FRIDAY, March 29, 2024
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Insurance firm SMK allocates Bt160m for digital transformation

Insurance firm SMK allocates Bt160m for digital transformation

Syn Mun Kong Insurance Pcl (SMK) has set aside a budget of Bt160 million for 2020-22 as part of its continued digital transformation to become a full "insurtech" organisation, chairman Reungvit Dusdeesurapot said.

He added that the transformation would strengthen the company's competitiveness and ensure continued growth.

Of the total budget, Bt45 million will be spent in the first year. The company has kept developing new digital insurance platforms to make it easier for customers to access its products and services, he said.

He expects the company's net profit to continue to grow this year. It made a net profit of Bt409 million in the first half of 2020, up 35 per cent year on year.

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