Krungsri Auto Broker renews Generali contract for another 5 years

Money & Banking··TH·Read original
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Summary · why it matters

Krungsri Auto Broker has extended its partnership with Generali Life Assurance Thailand for another 5 years, bringing the alliance to 14 years. The focus is on developing single premium payment protection insurance for auto loans, known as PPI Single Payment, to align with customers' installment obligations. Mr. Arch Colmi, Chief Executive Officer of Generali Thailand Group, said the partnership over the past 9 years has developed accessible and flexible coverage, and this renewal will build on products to support more diverse needs. Mr. Pornthep Thirasoontarakul, Managing Director of Ayudhya Capital Auto Lease Public Company Limited, said that although this year's auto loan market still faces challenges from the economic situation, there are opportunities from the growth of the electric vehicle market and rising demand for protection. Customers can learn about service details through the GO by Krungsri Auto app and 52 Krungsri Auto branches nationwide.

Impact on assets 1

Financials▲ · 1 stocks
Bank of Ayudhya PCL
BAY
▲ PositiveDemandrelevance

Renewal of Generali partnership supports auto loan protection products, with EV market growth and rising demand for protection cited as opportunities.

Off-coverage companies 1

Generali ThailandPrivate▲ Positive
Demandrelevance

Generali Thailand renews partnership for 5 years, extending alliance to 14 years, focusing on PPI Single Payment for auto loans.