- CEO
- Tanyaratt Iamsopana
- Full Time Employees
- 175
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- 175–177 Bangkok Union Insurance Bldg Bangkok BM Thailand 10500
- IPO Date
- Dec 22, 1988
- Business
- Bangkok Union Insurance Public Company Limited, founded in 1929 and headquartered at 175-177 Surawong Road, Suriyawong, Bang Rak, Bangkok, Thailand, operates as Thailand's first non-life insurance provider, offering comprehensive coverage across fire, marine cargo and transportation, motor, and miscellaneous insurance segments; fire insurance includes policies for properties, households, and stock declarations covering perils such as fire, lightning, explosions, storms, floods, and earthquakes; marine and cargo insurance encompasses marine cargo under Institute Cargo Clauses (A), (B), and (C), inland cargo for single or annual trips, carrier's liability, and hull/machinery protection; motor insurance comprises compulsory third-party liability and voluntary types 1 through 5 with extensions for personal accidents, hospital indemnity, and bail bonds; miscellaneous insurance features property all risks, health, personal accident plans for individuals, groups, students, and travelers, public liability, plate glass, golfer's indemnity, burglary, money, fidelity guarantee, and engineering coverage including contract works, machinery, boilers, contractor's equipment, and electronic equipment. The company also generates revenue from office space rental in its Bangkok Union Insurance Building. In 2024, it reports underwriting profit of 259.35 million baht, up 16.84% from prior year, driven by motor insurance growth amid recovering new car sales, with direct premiums projected to expand 1.5-2.5% industry-wide in 2025; shareholders approved THB 2.80 per share annual dividend for 2024, payable May 9, 2025, from net profit; executive changes took effect August 13, 2025, and registered capital stands at 412,483,430 baht with 41,248,343 ordinary shares. Operations target corporate clients like factories and businesses via brokers and financial institutions, alongside retail customers through agents and direct channels, maintaining a 0.50% market share in non-life premiums.