Thaivivat Holdings Public Company Limited, together with its subsidiaries, provides non-life insurance products in Thailand and Laos. It operates through four segments: non-life insurance, investment, service, and investment property. Its offerings include motor, health, accident, travel, housing and business insurance, as well as reinsurance products. The company also engages in property management, risk assessment and claims estimation, and the development of computer software and related technology. Founded in 1951, it is based in Bangkok, Thailand.
Government pushes ahead with national catastrophe insurance system, total premiums of 15.5 billion baht
The government is pushing ahead with a national catastrophe insurance system, with total premiums of 15.5 billion baht, covering approximately 30 million households. This breaks down into 15 billion baht for residential insurance and 500 million baht for group accident insurance. It marks a move to bring the public sector in as a major insurance buyer and significantly increases the total premium value generated, or premium pool, for the insurance industry. Coverage includes floods, windstorms, and earthquakes, up to 100,000 baht per event per household. In the case of death from an accident caused by a disaster, coverage is 2 million baht per person, and total permanent disability is 200,000 baht per person. Coverage begins on 1 October 2026 and runs to 1 October 2027. Companies directly linked to the scheme include Bangkok Insurance, Dhipaya Insurance, Muang Thai Insurance, and Thai Vivat Insurance. Meanwhile, KTB is indirectly linked through Krungthai Panich Insurance, and BBL has indirect exposure through its roughly 9.99% stake in BKIH. ASL Securities sees this as positive for the insurance sector in terms of premium growth and expanding insurance penetration, and recommends gradually accumulating TIPH, KTB, and BBL, with TIPH the standout stock benefiting directly from the catastrophe insurance theme.
TVH.BK · Demand · Positive Thai Vivat Insurance is named as a company directly linked to the national catastrophe insurance scheme, gaining premium growth from the 15.5 billion baht program.
MTI.BK · Demand · Positive Muang Thai Insurance is named as a company directly linked to the scheme, gaining from the 15.5 billion baht premium pool.
TIPH.BK · Demand · Positive Dhipaya Insurance is named as a company directly linked to the scheme, and TIPH is flagged as the standout direct beneficiary of the catastrophe insurance theme.
BKIH.BK · Demand · Positive BKI Holdings is indirectly linked to the national catastrophe insurance scheme via BBL's ~9.99% stake in BKIH, expanding the premium pool.
KTB.BK · Demand · Positive KTB is indirectly linked through Krungthai Panich Insurance, and ASL Securities recommends accumulating KTB on the catastrophe insurance theme.
BBL.BK · Demand · Positive BBL has indirect exposure to the catastrophe insurance scheme through its ~9.99% stake in BKIH, and ASL Securities recommends accumulating BBL on the theme.
11 Insurers Share 15.5-Billion-Baht Premium Pool in National Catastrophe Insurance Scheme
The Thai General Insurance Association has welcomed the Cabinet's resolution approving in principle the establishment of a national catastrophe insurance system, with 11 non-life insurance companies joining the project alongside the association and the public sector. The scheme sets a total premium framework of 15,500 million baht, divided into 15,000 million baht for group residential insurance policies and 500 million baht for group accident insurance policies. The system will help provide coverage for approximately 30 million households nationwide. DBS Vickers Securities (Thailand) estimates this is positive news for the insurance industry, as a large pool of premiums worth about 15,500 million baht will enter the system, accounting for 5.3% of all non-life insurance premiums. In 2025, the industry recorded total direct premiums of 969,221 million baht, split into 676,436 million baht from life insurance and 292,785 million baht from non-life insurance. The scheme will also stimulate the reinsurance business, expand the future customer base for insurance, and drive the transition toward a sustainable Public-Private Partnership. The 11 participating companies are Bangkok Insurance, Krungthai Panich Insurance, Tokio Marine Safety Insurance (Thailand), Dhipaya Insurance, Thai Paiboon Insurance, Thaivivat Insurance, Falcon Insurance, Muang Thai Insurance, Viriyah Insurance, MSIG Insurance (Thailand), and I Care Insurance.
MTI.BK · Demand · Positive Muang Thai Insurance is one of the 11 insurers joining the national catastrophe scheme, gaining access to the 15.5-billion-baht premium pool and expanded customer base.
TIPH.BK · Demand · Positive Dhipaya Insurance is among the 11 participating non-life insurers in the national catastrophe scheme, benefiting from the 15.5-billion-baht premium pool.
TVH.BK · Demand · Positive Thaivivat Insurance is one of the 11 insurers participating in the national catastrophe scheme, gaining premium volume and new customers.
Falcon Insurance PCL · Demand · Positive Falcon Insurance is listed among the 11 participating non-life insurers in the national catastrophe insurance scheme, adding new group policy premiums.
iCare Insurance Public Company Limited · Demand · Positive i Care Insurance is one of the 11 non-life insurers joining the national catastrophe scheme, gaining access to the 15.5-billion-baht premium pool covering ~30 million households.
MSIG Insurance (Thailand) · Demand · Positive MSIG Insurance (Thailand) is one of the 11 insurers participating in the scheme, benefiting from the new premium pool and expanded customer base.
Government launches disaster insurance programme with 11 companies participating, covering 30 million households
The government has launched a disaster insurance programme for the public, under which the state purchases insurance on behalf of citizens to provide a safety net against damage from disasters. A total of 11 insurance companies are participating in the programme: Bangkok Insurance, Krungthai Panich Insurance, Tokio Marine Safety Insurance (Thailand), Dhipaya Insurance, Thai Paiboon Insurance, Thai Vivat Insurance, Falcon Insurance, Muang Thai Insurance, Viriyah Insurance, MSIG Insurance (Thailand), and iCare Insurance. The programme covers natural disasters, namely floods, windstorms, and earthquakes, and reaches 30 million households nationwide. Coverage begins on 1 October 2026 and runs to 30 September 2027, with the policy renewed annually. Residential coverage is capped at 100,000 baht per event per household, broken down as follows: for floods, an initial payout of 10,000 baht and up to 90,000 baht; for windstorms, an initial payout of 5,000 baht and up to 95,000 baht; and for earthquakes, an initial payout of 5,000 baht and up to 95,000 baht. As for the risk of being surrounded by water, if a residence is cut off by water to the point that normal life cannot continue for more than seven consecutive days, policyholders receive compensation of 10,000 baht per event per household. Accidental death coverage stands at 2,000,000 baht per person.
BUI.BK · Regulation · Positive Bangkok Insurance is one of 11 insurers participating in the government's new disaster insurance programme covering 30 million households.
MTI.BK · Regulation · Positive Muang Thai Insurance is named as one of 11 participating insurers in the government-backed disaster insurance programme.
TIPH.BK · Regulation · Positive Dhipaya Insurance is listed among the 11 companies participating in the government's disaster insurance programme.
TVH.BK · Regulation · Positive Thai Vivat Insurance is one of the 11 insurers participating in the government's new disaster insurance programme.
Falcon Insurance PCL · Demand · Positive Falcon Insurance is listed among the 11 companies participating in the government's disaster insurance programme.
iCare Insurance Public Company Limited · Demand · Positive iCare Insurance is one of 11 insurers participating in the government's disaster insurance programme covering 30 million households.
Thai General Insurance Association names 11 companies in catastrophe insurance scheme with 75 billion baht in coverage
The Thai General Insurance Association has released the names of 11 insurance companies participating in a catastrophe insurance programme for residential homes. The list was disclosed by Dr. Somporn Suebthawilkul, president of the Thai General Insurance Association. The programme uses a budget of 15 billion baht to purchase maximum total coverage of 75 billion baht per year, covering roughly 30 million homes nationwide. It covers three perils: floods, storms, and earthquakes, in areas the government has declared disaster zones. Payouts are based on actual damage, up to 100,000 baht per home, with an initial payment of 10,000 baht made in advance. The 11 participating companies are Bangkok Insurance, Krungthai Panich Insurance, Kuamphai Tokyo Marine Insurance Thailand, Dhipaya Insurance, Thai Paiboon Insurance, Thai Wiwat Insurance, Falcon Insurance, Muang Thai Insurance, Viriyah Insurance, MSIG Insurance Thailand, and iCare Insurance.
MTI.BK · Regulation · Positive Muang Thai Insurance is named as one of 11 insurers participating in the government-backed catastrophe insurance scheme covering 30 million homes
TIPH.BK · Regulation · Positive Dhipaya Insurance is named as one of 11 insurers participating in the catastrophe insurance programme with 75 billion baht coverage
TVH.BK · Regulation · Positive Thai Wiwat (Thaivivat) Insurance is named among the 11 companies in the catastrophe insurance scheme
Falcon Insurance PCL · Regulation · Positive Falcon Insurance is named as one of the 11 participating insurers in the catastrophe insurance programme.
iCare Insurance Public Company Limited · Regulation · Positive iCare Insurance is named as one of 11 companies participating in the government-backed catastrophe insurance scheme with 75 billion baht coverage.
MSIG Insurance (Thailand) · Regulation · Positive MSIG Insurance Thailand is listed among the 11 companies participating in the catastrophe insurance scheme.
Insurance stocks fall across the board as floods drive claims higher; OIC orders payouts within 7 days
Insurance sector stocks fell across the board after flood conditions spread more widely in Bangkok, the surrounding provinces, and upcountry areas. Thai Wiwat Holdings, or TVH, dropped the most, down 7.02% to close at 10.60 baht, followed by Thai Reinsurance Life, or THREL, down 5.38% to close at 1.23 baht; Thai Reinsurance, or THRE, down 4.92% to close at 0.58 baht; Dhipaya Group Holdings, or TIPH, down 3.20% to close at 24.20 baht; and Muang Thai Insurance, or MTI, down 2.27% to close at 21.50 baht. Navakij Insurance, or NKI, rose 1.17% to close at 17.30 baht on turnover of just 10,000 baht, while BKI Holdings, or BKIH, closed at 386 baht, down 1 baht, or 0.26%. Dao Securities estimates that the floods will pressure claims liabilities in the fourth quarter of 2026, but will affect the SET Index only in the short term. CGS International Securities recommends delaying purchases and expects the situation to reach equilibrium within four to five days. At a meeting on September 28, 2026, the Office of the Insurance Commission, or OIC, represented by Deputy Secretary-General for Legal and Inspection Affairs Adisorn Phiphatworapong, together with the Thai General Insurance Association and the insurance business sector, resolved that companies must pay claims within seven days in cases of clear damage, including total loss. Microinsurance policies will pay the full sum insured of 10,000 baht; residential fire policies will pay an initial 20,000 baht, plus another 10,000 baht if flood coverage was purchased as an add-on. Shops with fire insurance or IAR policies that purchased additional flood coverage will receive an initial payment of 30,000 baht. Life insurance will extend the premium payment grace period by 60 days, and non-life insurance will extend the premium collection period by up to 90 to 180 days.
TVH invests 60.24 million baht to acquire 25.1% stake in Thoon Insurance
Thai Wiwat Holdings Public Company Limited, or TVH, announced its investment in Thoon Insurance Public Company Limited through a private placement of newly issued shares, with a total value of approximately 60.24 million baht, representing a 25.1% stake in the company. The move aims to expand into the travel insurance market, where Thoon Insurance is a key partner, and will help broaden the customer base and enhance competitiveness, as well as further develop the non-motor insurance segment. Mr. Jeerapan Assavathanakul, Chief Executive Officer of TVH, stated that the company continues to seek additional investment opportunities, utilizing funds remaining from reserves and capital. Meanwhile, Mr. Thepphan Assavathanakul, Deputy Managing Director of Thai Wiwat Insurance Public Company Limited, forecasts that total premiums in 2026 will grow by more than 10%, with motor insurance growing 7% in the first half and non-motor growing 15%. The company currently has approximately 1 million policies in force, and expects accelerated growth in the second half, particularly in the fourth quarter, which is the high season for tax-deductible insurance purchases.
TVH.BK · Capital · Positive TVH invests ~60.24 million baht via private placement to acquire a 25.1% stake in Thoon Insurance, expanding into travel insurance.
Tune Insurance · Capital · Positive Thoon Insurance issues new shares in a private placement to TVH, raising ~60.24 million baht and gaining a strategic partner.
TVH Targets 8 Billion Baht Premiums, 5% Growth, Using Holding as Reserve Ammunition
Thai Wiwat Holdings Public Company Limited (TVH) targets total written premiums this year of approximately 8 billion baht, growing about 5% from the previous year, by using technology to analyze consumer needs and improving internal systems to reduce costs. Meanwhile, the restructuring into a holding company aims to increase flexibility in management and investment, allowing the company to retain excess funds at the holding level instead of paying out all dividends, to serve as reserve capital to support insurance companies in case of severe disasters, and to increase flexibility in investing in other businesses or partnering with other insurance companies. Additionally, TVH plays a role in national disaster risk management, working with the General Insurance Association, the Office of Insurance Commission, and the Department of Disaster Prevention and Mitigation to finalize disaster insurance guidelines covering approximately 30 million households. However, there are challenges from potential damage values up to 40 billion baht, while written premiums are only in the tens of billions of baht, necessitating risk distribution to international reinsurers. The company will also use a Training for Trainer model to train village headmen and sub-district headmen to convey knowledge about claim payment conditions to the public accurately.
TVH.BK · Capital · Positive Restructuring into a holding company lets it retain excess funds as reserve capital and invest flexibly in other businesses or insurance partnerships.
TVH.BK · Demand · Positive TVH targets total written premiums of ~8 billion baht this year, growing about 5% year-on-year.
TVH first-half 2569 profit up 102%, insurance portfolio surges 34%
Thaiwiwat Holdings Public Company Limited, or TVH, reported first-half results for 2569, with profit for the period up 102% from the same period last year and insurance service performance growing more than 34%. Mr. Jiraphan Assawathanakul, Chief Executive Officer and President, said the growth came from higher sales driven by expanded channels and partners, as well as improved products and better underwriting quality from data-driven decision-making. The motor insurance group remains the core of Thaiwiwat Insurance, while the non-motor insurance group is a key growth engine. The company is moving forward with reshaping customer access into ecosystem solutions connected with partners across various industries. In the second half of the year, it will expand the non-motor business through product development that meets lifestyle needs, such as cancer insurance and accident insurance with Thairath Group, TVI Homie Care home fire insurance, and health insurance developed with TrueMoney. It is also applying AI to upgrade the end-to-end insurance process, from underwriting and claims to repairs, to increase efficiency, reduce operating costs, and lay the foundation for becoming a leader in InsurTech in Thailand.
Thaiwiwat Holdings buys 60.24 million baht of Thoon Insurance shares, holding 25.1%
Thaiwiwat Holdings has signed an agreement to subscribe to 15,060,000 newly issued ordinary shares of Thoon Insurance, with a par value of 10 baht per share, through a private placement at 4 baht per share, representing a total investment of 60,240,000 baht. This results in a 25.1% stake in the total shares after the offering. The transaction remains subject to registration of the change in paid-up capital with the Department of Business Development and approval from the Office of Insurance Commission. The company aims to expand its non-life insurance business, particularly the travel insurance market, and reported first-half net profit of 514.4 million baht, up 102% from the same period last year, driven by insurance revenue growth of 3.5% to 3,939.6 million baht and a 5.7% decline in insurance service expenses to 3,164.4 million baht.
TVH first-half profit surges 102%, insurance business grows 34%
Thaiwiwat Holdings Public Company Limited, or TVH, reported its first-half results for 2026, with profit up 102% from the same period last year and its insurance service business growing more than 34%. Mr. Jeeraphan Asvathanakul, Chief Executive Officer and President, said the growth came from higher sales driven by expanded channels and partnerships, as well as improved products and better underwriting quality from data-driven decision-making. Motor insurance remains the core business, while non-motor insurance is a key growth engine. The company plans to expand its non-motor business through new product development such as cancer insurance, accident insurance, and TVI Homie Care, as well as adopting AI in underwriting, claims, and repair processes to boost efficiency and control costs.
Thailand