Allianz Asia Pacific aims to increase its customers to 18 million by 2025, up from 11 million, by expanding distribution channels and utilising digital solutions to enhance the efficiency of its services.
Anusha Thavarajah, the regional chief executive of Allianz Asia Pacific, said the Asian insurance industry still has great room for growth because the penetration rate in the region is low, especially in Thailand, where it is only 4%.
Thomas Wilson, chief executive of Allianz Ayudhya, said the company managed to generate higher profits in Thailand than all other Asian countries despite Covid-19 insurance claims reaching 900 million baht. This total was only the seventh-highest for total premiums in Asia.
