- CEO
- Jiraphant Asvatanakul
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Bangkok Thailand
- IPO Date
- Jul 14, 2023
- Business
- Thaivivat Holdings Public Company Limited is a Thailand-based holding company engaged primarily in the provision of non-life insurance underwriting, insurance technology services, and investment activities through its operating subsidiaries. The company operates through two core business segments: Non-Life Insurance and InsurTech and Related Services. Its comprehensive product portfolio encompasses motor insurance, including compulsory and voluntary motor coverage, pay-per-use and on-demand motor policies, and electric vehicle insurance; property and fire insurance, including commercial building coverage, industrial risk protection, business interruption, and specialized homeowner plans such as TVI Homie Care covering home structures, electric vehicle chargers, and domestic pets; health and personal accident insurance, comprising individual and group medical coverage, critical illness, cancer protection, student accident plans, and Active Health wellness insurance programs that offer premium discounts linked to physical activity tracking; travel insurance, providing domestic and international travel protection and automated flight delay solutions such as TVI Smart Delay; marine and transportation insurance, including international marine cargo, inland transit, and hull coverage; and miscellaneous liability and engineering insurance, comprising public liability, directors and officers liability, all-risks construction, burglary, fidelity guarantee, and agricultural micro-insurance policies. Through its specialized technology subsidiary, Motor AI Recognition Solution Co., Ltd., the company develops and provides proprietary artificial intelligence software, automated vehicle damage inspection applications, and digital claims processing platforms for automotive and insurance partners. Thaivivat Holdings Public Company Limited serves retail consumers, commercial businesses, and corporate clients across Thailand, while extending its international operations into the Lao People's Democratic Republic through its subsidiary, Laovivat Insurance Co., Ltd. Tracing its operating roots back to the establishment of Thaivivat Insurance in 1951, the company is headquartered in Bangkok, Thailand.
In recent corporate developments, the group executed a comprehensive corporate restructuring in July 2023, establishing Thaivivat Holdings Public Company Limited as the ultimate listed holding parent on the Stock Exchange of Thailand via a one-to-one share swap tender offer that replaced Thaivivat Insurance Public Company Limited. In early 2025, Japanese trading conglomerate ITOCHU Corporation entered into a strategic alliance with the group, acquiring a 20 percent equity stake in operating subsidiary Thaivivat Insurance Public Company Limited through a private placement valued at approximately THB 1.03 billion to strengthen capital reserves and accelerate regional market expansion. In addition, the company expanded its InsurTech product offerings by introducing an artificial intelligence-driven vehicle crash detection and emergency assistance system, while broadening lifestyle and digital distribution partnerships with brands such as Garmin and Decathlon.