MTB gets B200m capital boost for online expansion
published : 29 Jan 2021 at 04:00
The injection has increased MTB s total registered capital to 324 million baht.
MTB is the only MTGH subsidiary authorised by the Office of the Insurance Commission to sell both life and non-life insurance products.
In 2018, MTB launched Gettgo, a price comparison and online sales platform, in response to the increasing role of smartphones and fintech in the insurance industry.
Advanced mobile technologies have changed the behaviour of insurance customers. The insurance brokerage business has been growing quite well over the past few years, especially sales through online distribution channels spurred by new lifestyles, said Tanat Jakrawatana, MTB s managing director.