Muang Thai Insurance Public Company Limited provides non-life insurance products and services in Thailand. It operates through two segments: Insurance, and Investment and Others. The company offers motor insurance and non-motor products such as property, marine and transportation, fire, engineering, personal accident, health, special, liability, and miscellaneous insurance, as well as travel and commercial insurance. It also engages in financial and investment management in various securities and provides services online. Founded in 1932, the company is based in Bangkok, Thailand.
Government pushes ahead with national catastrophe insurance system, total premiums of 15.5 billion baht
The government is pushing ahead with a national catastrophe insurance system, with total premiums of 15.5 billion baht, covering approximately 30 million households. This breaks down into 15 billion baht for residential insurance and 500 million baht for group accident insurance. It marks a move to bring the public sector in as a major insurance buyer and significantly increases the total premium value generated, or premium pool, for the insurance industry. Coverage includes floods, windstorms, and earthquakes, up to 100,000 baht per event per household. In the case of death from an accident caused by a disaster, coverage is 2 million baht per person, and total permanent disability is 200,000 baht per person. Coverage begins on 1 October 2026 and runs to 1 October 2027. Companies directly linked to the scheme include Bangkok Insurance, Dhipaya Insurance, Muang Thai Insurance, and Thai Vivat Insurance. Meanwhile, KTB is indirectly linked through Krungthai Panich Insurance, and BBL has indirect exposure through its roughly 9.99% stake in BKIH. ASL Securities sees this as positive for the insurance sector in terms of premium growth and expanding insurance penetration, and recommends gradually accumulating TIPH, KTB, and BBL, with TIPH the standout stock benefiting directly from the catastrophe insurance theme.
TVH.BK · Demand · Positive Thai Vivat Insurance is named as a company directly linked to the national catastrophe insurance scheme, gaining premium growth from the 15.5 billion baht program.
MTI.BK · Demand · Positive Muang Thai Insurance is named as a company directly linked to the scheme, gaining from the 15.5 billion baht premium pool.
TIPH.BK · Demand · Positive Dhipaya Insurance is named as a company directly linked to the scheme, and TIPH is flagged as the standout direct beneficiary of the catastrophe insurance theme.
BKIH.BK · Demand · Positive BKI Holdings is indirectly linked to the national catastrophe insurance scheme via BBL's ~9.99% stake in BKIH, expanding the premium pool.
KTB.BK · Demand · Positive KTB is indirectly linked through Krungthai Panich Insurance, and ASL Securities recommends accumulating KTB on the catastrophe insurance theme.
BBL.BK · Demand · Positive BBL has indirect exposure to the catastrophe insurance scheme through its ~9.99% stake in BKIH, and ASL Securities recommends accumulating BBL on the theme.
11 Insurers Share 15.5-Billion-Baht Premium Pool in National Catastrophe Insurance Scheme
The Thai General Insurance Association has welcomed the Cabinet's resolution approving in principle the establishment of a national catastrophe insurance system, with 11 non-life insurance companies joining the project alongside the association and the public sector. The scheme sets a total premium framework of 15,500 million baht, divided into 15,000 million baht for group residential insurance policies and 500 million baht for group accident insurance policies. The system will help provide coverage for approximately 30 million households nationwide. DBS Vickers Securities (Thailand) estimates this is positive news for the insurance industry, as a large pool of premiums worth about 15,500 million baht will enter the system, accounting for 5.3% of all non-life insurance premiums. In 2025, the industry recorded total direct premiums of 969,221 million baht, split into 676,436 million baht from life insurance and 292,785 million baht from non-life insurance. The scheme will also stimulate the reinsurance business, expand the future customer base for insurance, and drive the transition toward a sustainable Public-Private Partnership. The 11 participating companies are Bangkok Insurance, Krungthai Panich Insurance, Tokio Marine Safety Insurance (Thailand), Dhipaya Insurance, Thai Paiboon Insurance, Thaivivat Insurance, Falcon Insurance, Muang Thai Insurance, Viriyah Insurance, MSIG Insurance (Thailand), and I Care Insurance.
MTI.BK · Demand · Positive Muang Thai Insurance is one of the 11 insurers joining the national catastrophe scheme, gaining access to the 15.5-billion-baht premium pool and expanded customer base.
TIPH.BK · Demand · Positive Dhipaya Insurance is among the 11 participating non-life insurers in the national catastrophe scheme, benefiting from the 15.5-billion-baht premium pool.
TVH.BK · Demand · Positive Thaivivat Insurance is one of the 11 insurers participating in the national catastrophe scheme, gaining premium volume and new customers.
Falcon Insurance PCL · Demand · Positive Falcon Insurance is listed among the 11 participating non-life insurers in the national catastrophe insurance scheme, adding new group policy premiums.
iCare Insurance Public Company Limited · Demand · Positive i Care Insurance is one of the 11 non-life insurers joining the national catastrophe scheme, gaining access to the 15.5-billion-baht premium pool covering ~30 million households.
MSIG Insurance (Thailand) · Demand · Positive MSIG Insurance (Thailand) is one of the 11 insurers participating in the scheme, benefiting from the new premium pool and expanded customer base.
Government launches disaster insurance programme with 11 companies participating, covering 30 million households
The government has launched a disaster insurance programme for the public, under which the state purchases insurance on behalf of citizens to provide a safety net against damage from disasters. A total of 11 insurance companies are participating in the programme: Bangkok Insurance, Krungthai Panich Insurance, Tokio Marine Safety Insurance (Thailand), Dhipaya Insurance, Thai Paiboon Insurance, Thai Vivat Insurance, Falcon Insurance, Muang Thai Insurance, Viriyah Insurance, MSIG Insurance (Thailand), and iCare Insurance. The programme covers natural disasters, namely floods, windstorms, and earthquakes, and reaches 30 million households nationwide. Coverage begins on 1 October 2026 and runs to 30 September 2027, with the policy renewed annually. Residential coverage is capped at 100,000 baht per event per household, broken down as follows: for floods, an initial payout of 10,000 baht and up to 90,000 baht; for windstorms, an initial payout of 5,000 baht and up to 95,000 baht; and for earthquakes, an initial payout of 5,000 baht and up to 95,000 baht. As for the risk of being surrounded by water, if a residence is cut off by water to the point that normal life cannot continue for more than seven consecutive days, policyholders receive compensation of 10,000 baht per event per household. Accidental death coverage stands at 2,000,000 baht per person.
BUI.BK · Regulation · Positive Bangkok Insurance is one of 11 insurers participating in the government's new disaster insurance programme covering 30 million households.
MTI.BK · Regulation · Positive Muang Thai Insurance is named as one of 11 participating insurers in the government-backed disaster insurance programme.
TIPH.BK · Regulation · Positive Dhipaya Insurance is listed among the 11 companies participating in the government's disaster insurance programme.
TVH.BK · Regulation · Positive Thai Vivat Insurance is one of the 11 insurers participating in the government's new disaster insurance programme.
Falcon Insurance PCL · Demand · Positive Falcon Insurance is listed among the 11 companies participating in the government's disaster insurance programme.
iCare Insurance Public Company Limited · Demand · Positive iCare Insurance is one of 11 insurers participating in the government's disaster insurance programme covering 30 million households.
Thai General Insurance Association names 11 companies in catastrophe insurance scheme with 75 billion baht in coverage
The Thai General Insurance Association has released the names of 11 insurance companies participating in a catastrophe insurance programme for residential homes. The list was disclosed by Dr. Somporn Suebthawilkul, president of the Thai General Insurance Association. The programme uses a budget of 15 billion baht to purchase maximum total coverage of 75 billion baht per year, covering roughly 30 million homes nationwide. It covers three perils: floods, storms, and earthquakes, in areas the government has declared disaster zones. Payouts are based on actual damage, up to 100,000 baht per home, with an initial payment of 10,000 baht made in advance. The 11 participating companies are Bangkok Insurance, Krungthai Panich Insurance, Kuamphai Tokyo Marine Insurance Thailand, Dhipaya Insurance, Thai Paiboon Insurance, Thai Wiwat Insurance, Falcon Insurance, Muang Thai Insurance, Viriyah Insurance, MSIG Insurance Thailand, and iCare Insurance.
MTI.BK · Regulation · Positive Muang Thai Insurance is named as one of 11 insurers participating in the government-backed catastrophe insurance scheme covering 30 million homes
TIPH.BK · Regulation · Positive Dhipaya Insurance is named as one of 11 insurers participating in the catastrophe insurance programme with 75 billion baht coverage
TVH.BK · Regulation · Positive Thai Wiwat (Thaivivat) Insurance is named among the 11 companies in the catastrophe insurance scheme
Falcon Insurance PCL · Regulation · Positive Falcon Insurance is named as one of the 11 participating insurers in the catastrophe insurance programme.
iCare Insurance Public Company Limited · Regulation · Positive iCare Insurance is named as one of 11 companies participating in the government-backed catastrophe insurance scheme with 75 billion baht coverage.
MSIG Insurance (Thailand) · Regulation · Positive MSIG Insurance Thailand is listed among the 11 companies participating in the catastrophe insurance scheme.
Insurance stocks fall across the board as floods drive claims higher; OIC orders payouts within 7 days
Insurance sector stocks fell across the board after flood conditions spread more widely in Bangkok, the surrounding provinces, and upcountry areas. Thai Wiwat Holdings, or TVH, dropped the most, down 7.02% to close at 10.60 baht, followed by Thai Reinsurance Life, or THREL, down 5.38% to close at 1.23 baht; Thai Reinsurance, or THRE, down 4.92% to close at 0.58 baht; Dhipaya Group Holdings, or TIPH, down 3.20% to close at 24.20 baht; and Muang Thai Insurance, or MTI, down 2.27% to close at 21.50 baht. Navakij Insurance, or NKI, rose 1.17% to close at 17.30 baht on turnover of just 10,000 baht, while BKI Holdings, or BKIH, closed at 386 baht, down 1 baht, or 0.26%. Dao Securities estimates that the floods will pressure claims liabilities in the fourth quarter of 2026, but will affect the SET Index only in the short term. CGS International Securities recommends delaying purchases and expects the situation to reach equilibrium within four to five days. At a meeting on September 28, 2026, the Office of the Insurance Commission, or OIC, represented by Deputy Secretary-General for Legal and Inspection Affairs Adisorn Phiphatworapong, together with the Thai General Insurance Association and the insurance business sector, resolved that companies must pay claims within seven days in cases of clear damage, including total loss. Microinsurance policies will pay the full sum insured of 10,000 baht; residential fire policies will pay an initial 20,000 baht, plus another 10,000 baht if flood coverage was purchased as an add-on. Shops with fire insurance or IAR policies that purchased additional flood coverage will receive an initial payment of 30,000 baht. Life insurance will extend the premium payment grace period by 60 days, and non-life insurance will extend the premium collection period by up to 90 to 180 days.
Kasikornbank rolls out flood relief measures for customers, deferring principal and cutting installments by up to 50%
Kasikornbank has introduced relief measures for customers affected by flooding across all 50 districts of Bangkok as well as areas designated by the Ministry of Interior, covering both individual and business customers. Individual customers will receive support on several fronts. Starting with Kasikornbank home loans, principal payments are deferred with interest-only payments for up to 3 months, and top-up home loans for home repairs carry a 0% interest rate for 3 months with free collateral appraisal. Kasikornbank credit cards, Xpress Loan personal loans and Xpress Cash cash cards also allow deferred principal with interest-only payments for up to 3 months. Auto hire-purchase loans will see monthly installments cut by up to 50% for 6 months, with the repayment period extended by 3 months. For business customers, existing credit lines allow deferred principal with interest-only payments for up to 3 months. Customers can request assistance from today until 31 December 2026. Individual customers can contact the K-Contact Center on 02-8888888, business customers can contact their relationship manager or the K-BIZ Contact Center on 02-8888822, and auto hire-purchase customers can contact the KLeasing Call Center on 02-6969999. Meanwhile, customers with auto insurance and property insurance purchased through Kasikornbank, underwritten by Muang Thai Insurance, who have been affected by the floods can file claims through 3 channels: Line OA @mtifriend, email EMC_Motor@muangthaiinsurance.com, and the call center on 1484, or via an online form. Compensation payment terms are as specified in the insurance policy.
MTI.BK · Demand · Neutral Muang Thai Insurance is named as the underwriter for Kasikornbank's auto and property insurance, and flood-hit customers can file claims through its channels; claims volume could rise but the article gives no clear net impact on the insurer.
KBANK launches flood relief measures: 3-month debt suspension, up to 50% cut in car instalments
Kasikornbank, or KBANK, has announced relief measures for individual and business customers affected by flooding across all 50 districts of Bangkok as well as areas designated by the Ministry of Interior, aimed at easing the financial burden and boosting liquidity for affected customers. For Kasikorn home loan customers, principal repayment can be suspended with interest-only payments for up to 3 months, and customers can request additional loan credit to repair damaged homes at a 0% interest rate for 3 months, with collateral appraisal fees waived. Kasikorn credit card customers, Xpress Loan personal loan customers and Xpress Cash card customers can likewise suspend principal repayment and pay only interest for up to 3 months. For auto hire-purchase customers, the bank will cut monthly instalments by up to 50% for 6 months and extend the repayment period by a further 3 months. Affected business customers can request suspension of principal repayment on existing credit lines, paying only interest for up to 3 months. Customers can apply for assistance from the date of the announcement until 31 December 2026. Individual customers can contact the K-Contact Center on 02-888-8888, business customers can contact their relationship manager or the K-BIZ Contact Center on 02-888-8822, and auto hire-purchase customers can contact the KLeasing Call Center on 02-696-9999. In addition, customers who bought motor insurance and property insurance through Kasikornbank, underwritten by Muang Thai Insurance, and who suffered flood damage can file claims through the Line Official Account @mtifriend, by email at EMC_Motor@muangthaiinsurance.com, or via the Call Center on 1484, as well as through the online form the company has prepared. Consideration and payment of compensation will follow the conditions specified in each individual insurance policy.
4 Insurance Stocks Benefit from Household Disaster Insurance Project
Krungsri Securities stated that the mobile cabinet meeting in Songkhla Province, scheduled from August 30 to September 1, 2026, is expected to consider several major projects, including the household disaster insurance project covering 20 million households, which will benefit insurance stocks, especially BKIH, TIPH, MTI, and THRE, as they have opportunities to gain new business. However, the research department assesses that there is not yet sufficient clear information to evaluate the impact on business, so it recommends short-term speculation. All projects under consideration this time have a total budget of approximately 163 billion baht, accounting for 0.86% of GDP, comprising a budget of over 57 billion baht for the five southern border provinces and the second phase of the southern dual-track railway project with three routes, totaling 106.797 billion baht, covering a total distance of 504 kilometers, connecting from Chumphon to Padang Besar.
BKIH.BK · Demand · Positive Household disaster insurance project covering 20 million households expected to benefit BKIH with new business opportunities.
MTI.BK · Demand · Positive Household disaster insurance project covering 20 million households expected to benefit TIPH with new business opportunities.
THRE.BK · Demand · Positive Household disaster insurance project covering 20 million households expected to benefit MTI with new business opportunities.
TIPH.BK · Demand · Positive Household disaster insurance project covering 20 million households expected to benefit THRE with new business opportunities.
Puntarika Baingern resigns as Managing Director of MTI, effective 1 September
Mrs Puntarika Baingern has resigned from her positions as director and managing director of Muang Thai Insurance Public Company Limited, or MTI, effective from 1 September 2026. The company informed the Stock Exchange of Thailand on 24 August 2026 that the resignation took place before the end of her term due to personal duties related to looking after her health. Mrs Puntarika had served as a director of MTI since 29 October 2014 and became managing director on 1 July 2024.
Thailand