Dhipaya Group Holdings Public Company Limited provides non-life insurance products in Thailand through its subsidiaries. It operates in three segments: Non-life Insurance, Investment Business, and Insurance Supported Business. The company also acts as a non-life insurance broker and surveyor, operates a training center, and provides technology services. Founded in 1951, it is based in Bangkok, Thailand.
TIPH wins a place in Thailand's new national disaster insurance scheme
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Government disaster insurance scheme opens a big new premium pool The state will buy disaster cover for about 30 million households, paying roughly 15.5 billion baht a year in premiums, and Dhipaya Insurance is one of 11 chosen insurers. That is new, recurring premium income for TIPH, and analysts name it the clearest winner.
This is the main new force behind TIPH: a large government-funded premium pool it can share in.
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Bangkok floods raise claims costs and hit insurance shares Flash floods across Bangkok and nearby provinces pushed insurance stocks down, with TIPH falling 3.20% to 24.20 baht. Analysts warn of higher claims and loss reserves in late 2026, and the regulator ordered payouts within seven days. This is the real counterweight to the scheme's upside.
It is the main force pulling TIPH down and balances the positive scheme news.
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High interest rates still favour insurers like TIPH With US and Thai bond yields at multi-year highs, brokers list TIPH among insurers that benefit, because insurers earn more on the bonds they hold. This supports earnings and keeps the stock in favour with defensive-minded investors.
It explains a steady background support for TIPH's earnings and share price.
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New business is real, but underwriting risk decides the payoff Analysts welcome the extra premium income but caution that profit depends on pricing risk correctly and on how big future disaster claims turn out, citing the COVID-19 insurance lesson. TIPH's liquidity and roughly 6% dividend yield make it the sector's easiest stock to buy.
It gives the fair caveat: the scheme helps only if claims stay below premiums collected.
Q3 2026
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TIPH wins a place in Thailand's new national disaster insurance scheme
▲
Government disaster insurance scheme opens a big new premium pool The state will buy disaster cover for about 30 million households, paying roughly 15.5 billion baht a year in premiums, and Dhipaya Insurance is one of 11 chosen insurers. That is new, recurring premium income for TIPH, and analysts name it the clearest winner.
This is the main new force behind TIPH: a large government-funded premium pool it can share in.
▼
Bangkok floods raise claims costs and hit insurance shares Flash floods across Bangkok and nearby provinces pushed insurance stocks down, with TIPH falling 3.20% to 24.20 baht. Analysts warn of higher claims and loss reserves in late 2026, and the regulator ordered payouts within seven days. This is the real counterweight to the scheme's upside.
It is the main force pulling TIPH down and balances the positive scheme news.
▲
High interest rates still favour insurers like TIPH With US and Thai bond yields at multi-year highs, brokers list TIPH among insurers that benefit, because insurers earn more on the bonds they hold. This supports earnings and keeps the stock in favour with defensive-minded investors.
It explains a steady background support for TIPH's earnings and share price.
◆
New business is real, but underwriting risk decides the payoff Analysts welcome the extra premium income but caution that profit depends on pricing risk correctly and on how big future disaster claims turn out, citing the COVID-19 insurance lesson. TIPH's liquidity and roughly 6% dividend yield make it the sector's easiest stock to buy.
It gives the fair caveat: the scheme helps only if claims stay below premiums collected.
News & notes movingTIPH.BK
Thailand
Climate Adaptation & Water▲2
TQR ready to take on national catastrophe insurance scheme covering 30 million households
TQR Public Company Limited, or TQR, disclosed that it is still gathering detailed information on the national catastrophe insurance programme, after the government began providing coverage from 1 October 2026 to 30 September 2027. It views the government's support and establishment of a risk-distribution mechanism as an important development for the country, and one that may help raise its capacity to absorb catastrophe risk closer to international standards. Under the programme, the government purchases insurance on behalf of the public, covering 30 million households nationwide, with protection against floods, windstorms and earthquakes. A total of 11 insurance companies are participating, five of which are listed on the Thai stock exchange: TIPH, BKIH, MTI, TVH, THRE and TQR. Meanwhile, ASL Securities views the programme as positive for the insurance sector in terms of premium growth and expanding insurance penetration, and recommends gradually accumulating TIPH, KTB and BBL. TIPH is the standout stock, benefiting directly through Thip Insurance, which has the opportunity to take on new premiums and build them into recurring premium income if the government renews the programme next year. KTB and BBL, meanwhile, gain indirect positive sentiment.
TQR.BK · Demand · Positive TQR is participating in the government's national catastrophe insurance programme covering 30 million households, which may raise its capacity to absorb catastrophe risk.
TIPH.BK · Demand · Positive TIPH is the standout, benefiting directly through Thip Insurance's opportunity to take on new premiums and build recurring premium income under the programme.
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.
Government launches disaster insurance scheme on October 1, 2026, boosting insurance stocks with TIPH in focus
The government is pressing ahead with a disaster insurance scheme to protect the public from floods, windstorms, and earthquakes, covering damage to homes and death benefits, with coverage running from October 1, 2026 to October 1, 2027. Apichat Phubanjerdkul, senior director of the strategic analysis division at Tisco Securities, told the Stock Vision news team that the scheme is a positive factor for investment sentiment in insurance stocks in the short term, given the opportunity to expand the business base and increase premium income. However, premium growth must be weighed against the burden of claims that could rise if a large-scale disaster occurs. Among the stocks likely to benefit, TIP Group Holdings, or TIPH, is one of the shares with higher liquidity and trading volume than many companies in the sector, with a P/E of around 12 to 13 times and a dividend yield of about 6%. Meanwhile, Thai Reinsurance, or THRE, which provides reinsurance, and TQR, which is a reinsurance broker, also stand to benefit from the market's expansion, but face liquidity constraints. THRE has average daily trading value of about 4 million baht, while TQR's trading value the previous day was about 200,000 baht. Other insurance and life insurance stocks, such as Thai Life Insurance, or TLI, and Bangkok Life Assurance, or BLA, may see positive effects but must be assessed on a company-by-company basis. Investors must also watch underwriting risks, especially setting premiums in line with actual risk levels, as shown by the lesson from COVID-19 insurance, which reflected that higher premiums do not always mean higher operating results.
TIPH.BK · Regulation · Positive TIPH is highlighted as a key beneficiary of the new disaster insurance scheme, with opportunity to expand its business base and premium income.
THRE.BK · Regulation · Positive Government disaster insurance scheme expands the reinsurance market, benefiting Thai Reinsurance despite liquidity constraints.
TLI.BK · Regulation · Positive Thai Life Insurance may see positive effects from the disaster insurance scheme but must be assessed company-by-company.
TTBWEALTH Picks 8 Stocks to Benefit from Flooding, Highlighting Retail and Construction Materials
TTBWEALTH Public Company Limited, or TTBWEALTH, assesses that this round of flooding will have a limited impact on the economy, as it is short-term and severe only in certain areas, unlike the 2011 event that flooded many areas and lasted several weeks to several months. In the short term, some stocks have gained both positive and negative sentiment. The groups benefiting positively include consumer goods retail, led by CPALL, CPAXT and CRC, as well as the home improvement and construction materials group, which is expected to benefit from demand for home repairs after the water recedes, namely HMPRO, GLOBAL, DOHOME, TOA and TASCO. Meanwhile, the groups affected negatively include insurance, such as TIPH, and tourism, namely AOT, ERW and CENTEL. In addition, several listed companies have updated the situation. DELTA reported that some areas were flooded but machinery and factories were not damaged, and operations returned to normal today after production lines were halted last Sunday. CENTEL had only some hotels affected, such as the Lat Phrao area where water entered the lobby, and the Pattaya zone, with a small number of customer cancellations. Its food business saw some sales decline from temporary store closures, but overall the impact is considered limited. MINT stated that most of its hotels are not in flood zones, its properties were not damaged, and it continues to operate normally. CPN confirmed that no shopping centers were closed, though it may be affected by a decline in customer traffic during the floods, and it expects no rental discounts to be offered.
Climate Adaptation & Water › Property/Casualty & Reinsurance Underwriting ▼Demand
Climate Adaptation & Water › Resilient Buildings & Retrofit ▲Demand
AOT.BK · Demand · Negative AOT is listed among tourism groups negatively affected by the flooding as travel demand weakens.
CENTEL.BK · Demand · Negative CENTEL had hotels hit by flooding (Lat Phrao lobby, Pattaya) with customer cancellations and food sales declines from store closures.
CPALL.BK · Demand · Positive CPALL is named a consumer-goods retail beneficiary as flooding drives stock-up demand.
CPAXT.BK · Demand · Positive CPAXT is named a consumer-goods retail beneficiary expected to gain from flood-related demand.
CRC.BK · Demand · Positive CPALL/CPAXT/CRC named among consumer goods retail stocks expected to benefit from flooding-driven demand.
DOHOME.BK · Demand · Positive DOHOME named in home improvement/construction materials group expected to benefit from post-flood home repair demand.
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.
Trinity flags insurance stocks as pressured after flash floods in Bangkok
Analysts at Trinity Securities assess that the flash flooding in Bangkok over the past weekend could create sentiment pressure on insurance stocks, especially companies with auto and property insurance portfolios that may face rising claim costs and loss reserves, such as TIPH and THRE. In addition, groups tied to people's mobility, including shopping malls and restaurants such as CRC and CPN, as well as mass transit operators like BEM and BTS, may be affected by a short-term drop in traffic. Conversely, Trinity sees a chance of positive sentiment for consumer staples retail stocks, such as convenience store operator CPALL and hypermarkets BJC and CPAXT, which may see short-term demand for stockpiling goods, as well as the home improvement and construction materials sector, which may benefit from post-flood purchasing demand, such as HMPRO and TOA.
Dhipaya Life Insurance Launches Aomsin Annuity The Series, Allowing Pension Plan Adjustments With No Premium Increase
Dhipaya Life Insurance Public Company Limited has launched two life insurance products, Aomsin Annuity The Series and Aomsin Endowment The Series, to serve the aging society and modern retirement planning. Aomsin Annuity The Series is the first in Thailand to allow policyholders to adjust the age at which they begin receiving their annuity and the age at which annuity payments end, up to two times before age 59, with premiums remaining unchanged. Policyholders can choose monthly or annual annuity payments, with four payout period options: starting at age 60 or 65 and continuing until age 85 or 90. Annual annuity payments reach as high as 33.5% of the sum insured under the 85/65 plan, or total annuity payments of up to 780% of the sum insured under the 65/90 plan. No medical examination or health questionnaire is required, and premiums can be deducted for tax purposes up to 300,000 baht. Aomsin Endowment The Series is a 60/10 savings-type life insurance policy with premiums paid for only 10 years. Policyholders receive 10% of the sum insured every year from the 11th policy anniversary through the 59th year, and a lump sum of 1,000% of the sum insured upon reaching age 60. It also allows a tax deduction for general life insurance premiums of up to 100,000 baht. Nopporn Boonlaphop, Chief Executive Officer of Dhipaya Life Insurance Public Company Limited, said the company is focused on developing products that align with Thailand's transition into a fully aged society and a super-aged society, and that several more series of products to serve the aging society will follow. Those interested can inquire at any Government Savings Bank branch or the GSB Contact Center at 1115.
Aging Population › Retirement Income & Annuities ▲Demand
TIPH.BK · Demand · Positive Dhipaya Life Insurance (under Dhipaya Group Holdings) launches two new life insurance products targeting Thailand's aging society, expanding its product offering to drive sales.
KSS flags safe-haven stocks as Fed rate hike lifts banks, insurers and hospitals on high bond yields
Analysts at Krungsri Securities, or KSS, assess that this meeting of the US Federal Reserve is likely to raise the policy rate by 0.25% in what is being called an Insurance Rate Hike, a pre-emptive move. The market has already priced in about 92% odds of a hike this round, so the bigger driver for the market is the direction of the Dot Plot, along with inflation projections and the number of remaining rate increases ahead. KSS believes that if the Fed signals a pause to assess more economic and inflation data, the stock market could see a short-term rebound, or Relief Rally, with domestic and defensive stocks drawing more attention, especially hospitals such as Bangkok Dusit Medical Services, or BDMS, and Bangkok Chain Hospital, or BCH. If instead the Fed signals continued rate hikes beyond market expectations, that would pressure stocks with high valuations that are sensitive to bond yields, such as Delta Electronics (Thailand), or DELTA. Meanwhile, Phillip Securities (Thailand), or PST, assesses that the Thai stock market is likely to move sideways down in the short term on investors reducing risk ahead of the Fed meeting outcome, with the 2-year bond yield rising to 4.69% while the 10-year yield climbed to 5.04%, the highest levels since 2024 and 2007 respectively. As for Thai stocks that benefit from interest rates holding at a high level, the research team names the banking group: TMBThanachart Bank, or TTB, Kasikornbank, or KBANK, SCB X, or SCB, Kiatnakin Phatra Bank, or KKP, and Tisco Financial Group, or TISCO. In the insurance group: Bangkok Life Assurance, or BLA, Thai Life Insurance, or TLI, and Dhipaya Group Holdings, or TIPH.
State disaster insurance scheme set at 15 billion baht, covering 30 million households, with 25 of 47 companies selected
The Thai General Insurance Association is pressing ahead with a national disaster insurance system after the Cabinet approved the plan, aiming to begin coverage this October. Dr. Somporn Suebthawilkul, Chief Executive Officer of Dhipaya Group Holdings Public Company Limited and President of the Thai General Insurance Association, disclosed that the government will pay the premiums on behalf of the public, covering roughly 30 million households nationwide, amounting to total premiums of 15 billion baht per year, or about 500 baht per household per year, for three types of peril: floods, windstorms and earthquakes. The project targets total coverage of approximately 75 billion baht, or about five times the premiums the government pays, which represents the maximum liability the insurance system must be prepared to absorb rather than the full amount the government pays directly to the public. On the selection of companies to join the project, preliminary assessment indicates that about 25 insurers may qualify out of 47 companies, based on capital adequacy ratios of 180 to 200 percent, and continuous profitability for no less than two years may also be required. Meanwhile, the reinsurance structure is under discussion for Thailand Reinsurance Public Company Limited, or THRE, to take on risk management. In the initial phase, the fund model or the establishment of a national catastrophe insurance company will not yet be used, since that would require many legal steps and could take at least about two years.
Climate Adaptation & Water › Property/Casualty & Reinsurance Underwriting ▲Demand
THRE.BK · Demand · Positive THRE is under discussion to take on risk management in the reinsurance structure of the new national disaster insurance scheme.
TIPH.BK · Demand · Positive Dhipaya's CEO leads the Thai General Insurance Association pushing the national disaster insurance plan, and Dhipaya is among insurers positioned to join the 25 qualifying companies.
TIPH restructures portfolio to boost retail clients to 50%, targets 5% premium growth in 2026
TIPH aims to restructure its business portfolio within three years, increasing the proportion of retail clients to 50% from the current 35%, while the proportion of corporate clients will decrease from 65% to 50%. The TIPSOL Loyalty Program is a key tool to connect insurance with lifestyle, expected to generate at least 500 million baht in premiums within the first 12 months. The company targets total premiums of 32-33 billion baht in 2026, growing 5%, higher than the industry's expected growth of 2.5%. Meanwhile, in the first half of the year, Dhipaya Insurance reported a net profit of 645.7 million baht, up 18.7%, and TIPH had a net profit of 578.4 million baht, up 2.3%. The company also approved an interim dividend of 0.50 baht per share, payable on July 23, 2026.
TIPH.BK · Capital · Positive TIPH targets 5% premium growth to 32-33B baht in 2026, H1 net profit up 2.3%, and approved an interim dividend of 0.50 baht per share.
TIPH.BK · Demand · Positive Restructuring to lift retail clients to 50% and the TIPSOL Loyalty Program expected to generate at least 500M baht in premiums within 12 months.
TIPH aims to increase retail customers to 50% through TIPSOL campaign
TIPH has launched the TIPSOL campaign to attract retail customers, aiming to increase the proportion of individual customers to 50% within three years, up from the current 35%. Meanwhile, core company Thip Insurance expects premiums this year to be 32-33 billion baht, growing 5%, and has approved an interim dividend of 0.50 baht per share, payable on September 23, 2026. For residential catastrophe insurance, the government will pay premiums of 15 billion baht, providing coverage of 75 billion baht, covering 30 million households. Insurance companies will retain domestic risk of 5 billion baht and pass on the remainder to foreign reinsurers. The underwriting framework will be proposed to the government by September 16.
TIPH-THRE Lead Insurance Stocks Up on National Disaster Insurance Scheme Opportunity
TIPH and THRE shares rose, leading the insurance sector, after the Cabinet approved the National Disaster Insurance Scheme with a total coverage of 15 billion baht, protecting 30 million households. TIPH gained 1.94% to 26.25 baht, while THRE rose 8.77% to 0.62 baht. Maybank Securities (Thailand) views the scheme as a positive factor for non-life insurance stocks due to the opportunity to participate in underwriting bids, but details of conditions and limitations still need to be monitored.
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.
8 Companies Pay Interim Dividends, BCP Leads at 3 Baht
At least eight Thai listed companies announced interim dividend payments following board meetings on August 25, 2026, with most setting the XD date between September 7-9. Leading the way, BCP pays 3.00 baht per share, followed by TISCO at 2.00 baht, RATCH at 0.70 baht, TIPH at 0.50 baht, OR at 0.30 baht, HMPRO at 0.16 baht, TTB at 0.081 baht (up 23% from last year), and CIMBT at 0.0385 baht. RATCH's total payout is approximately 1,522.50 million baht, while OR's total is 3,600 million baht.
TIPH announces interim dividend of 0.50 baht per share
The board of Dhipaya Group Holdings approved an interim dividend of 0.50 baht per share from retained earnings. The record date for shareholders entitled to receive the dividend is 10 September 2026, with payment on 23 September 2026. TIPH shares closed at 23.80 baht, up 0.10 baht or 0.42%, on turnover of 5.42 million baht.
Dhipaya Insurance partners with blueplus+ to launch monthly subscription insurance
Dhipaya Insurance Public Company Limited has joined forces with blueplus+, a lifestyle platform under PTT Oil and Retail Business Public Company Limited, to introduce TIPSNACK, a monthly subscription insurance offering coverage for Type 2+ and Type 3+ motor insurance as well as accident insurance. This caters to modern consumers seeking flexibility, allowing them to add, reduce, or pause their insurance plan at any time with no long-term commitment and monthly premium payments. Ms. Suphap Pradapkaew, Senior Executive Vice President of Sales and Marketing 1 at Dhipaya Insurance, revealed that the company is focused on developing products aligned with changing consumer behavior and plans to expand coverage to all lifestyles in the future. Mr. Phakorn Suriyaphiwat, Executive Vice President of Digital Business and Solutions at OR, said this collaboration extends the financial and insurance ecosystem on the blueplus+ application. blueplus+ members who sign up for TIPSNACK will receive special benefits, such as a 10% premium discount for 3 months for new customers purchasing Type 2+ and Type 3+ motor insurance, a 30-baht Café Amazon coupon every month for up to 12 months, and additional blue points based on the selected plan.
Dhipaya Insurance partners with Thailand Post to expand nationwide insurance access
Dhipaya Insurance and Thailand Post have elevated their collaboration to a strategic partnership aimed at broadening access to insurance services through the nationwide postal network. Dr. Somporn Suebthawilkul, Managing Director of Dhipaya Insurance, stated that this partnership will integrate data and technology from both organizations to enable the public to access insurance, financial, and government services conveniently, quickly, and seamlessly. Dr. Danan Suphattaraphan, Chief Executive Officer and Managing Director of Thailand Post, noted that this builds on over a decade of cooperation, adding digital channels that allow people to scan QR codes for faster access to insurance services, while jointly developing new services and solutions in the future under data security standards.
Thailand