Allianz Ayudhya reports strong 2016 performance
Allianz Ayudhya Assurance has reported strong operating results for 2016 with continued growth.
Annualised new premium (ANP) income from all distribution channels reached Bt5.9 billion, up 2 per cent from Bt5.8 billion in 2015. Gross written premium (GWP) income grew 8 per cent to Bt30 billion, from Bt28 billion a year earlier.
Bryan Smith, president and chief executive officer, said this successful performance was the result of the company’s continued focus on three core strategies: true customer-centricity, protection leadership, and digitisation.
“Moving forward in 2017, true customer-centricity will remain our key focus. In addition, we will ramp up our investments into digital innovation and plan to invest more than Bt200 million.
“Finally, we will build agency, and we expect to recruit 6,500 new agents by year-end to support our drive towards life and health protection offerings. We plan to grow protection sales as a proportion of our total business to 42 per cent and to grow faster than the industry to achieve Bt6.5 billion in new premiums and Bt32.5 billion in total premiums,” Smith said.
