Siam Samsung Life Insurance disclosed impressive result of 1st quarter 2012, First Year Premiums increase of 62% compared with 2011 1st quarter. Additionally, the company’s shareholders approved an increase of the registered capital of another 150 Million baht. The company will attach greater importance to recruit additional agents, developing new insurance products and revising product feature in 2012.
Mr. C. Donald Carden, President & CEO of Siam Samsung Life Insurance disclosed the company’s result of 1st quarter 2012, First Year Premiums was 104.35 Million baht, an increase of 62% from 1st quarter 2011. Impressively in March 2012, First Year Premiums jumping by 97% compared to March 2011.
The company will remain focused on increasing number of agents, developing high performing sales teams and professional readiness for agents to move up to the successful agency leaders. Meanwhile, the company also plans to launch new products and revise product features to be able to compete with the other competitors in the market, to help drive sales through the rest of the year.
Samsung Life insurance and shareholders (Saha Group and Thanachart Bank) approved an increase of the registered capital of another 150 Million baht from the existing registered capital of 500 Million baht on the record date of September 2011. With fully support from shareholders will increase the company’s strength and drive sales to achieve year-end target, 1,653 Million baht of total premium.
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For further information, please contact Siam Samsung Life insurance Co., Ltd. Marketing Strategy and Communication Department Tel 02-308-2245-50 Ext: 137 or 145