- CEO
- Sukich Charanvas
- Full Time Employees
- 88
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- 408/1 Ratchadapisak Road Bangkok BM Thailand 10310
- IPO Date
- Feb 1, 1993
- Business
- Charan Insurance Public Company Limited is a Thailand-based non-life insurance company providing a comprehensive range of insurance products and services. Its core offerings include fire insurance; marine cargo and transportation insurance; motor vehicle insurance covering categories 2 and 3 legal liability; miscellaneous insurance such as personal accident, burglary, machinery breakdown, electronic equipment, and various specialized insurances including terrorism property, product liability, and travel accident insurance. The company also offers investment services related to its insurance business. Founded in 1954 and headquartered in Bangkok, Charan Insurance operates primarily in the Thai market and targets individuals, businesses, and specialized sectors requiring tailored non-life insurance coverage.
In recent years, Charan Insurance has experienced notable operational and regulatory changes. Most significantly, in 2025, the company faced a temporary suspension of its securities trading on the Stock Exchange of Thailand due to delays in submitting financial statements for the second quarter, indicating challenges in financial compliance and transparency. In response, the company has been actively updating shareholders with timely communications, including minutes of shareholder meetings and regulatory filings. Despite these challenges, Charan Insurance continues to maintain its underwriting in all major non-life insurance sectors and is undergoing business transformation efforts to enhance competitiveness and risk management capabilities. The company has not reported major new product launches or acquisitions in the last year but remains focused on sustaining its longstanding presence in the insurance industry in Thailand.
Charan Insurance operates through a broad portfolio of insurance products categorized primarily as property insurance, motor insurance, marine insurance, and miscellaneous insurance, addressing diverse risk profiles. It serves retail and commercial clients with offerings designed to protect against property damage, liability, accidents, and transportation-related risks. Alongside its insurance underwriting, the company manages investments associated with its insurance funds to support its financial position. The firm's business transformation efforts are aimed at strengthening enterprise risk management and enhancing long-term stakeholder value in a competitive market environment.