Muang Thai Life Assurance named “Life Insurance Company of the Year” by the Asia Insurance Industry Awards 2014 in Taipei, Republic of China
Mr. Sara Lamsam, President and Chief Executive Officer, Muang Thai Life Assurance Public Company Limited revealed that the Company was selected as recipient of “Life Insurance Company of the Year 2014” award presented at the Asia Insurance Industry Awards 2014 held on 2 November 2014 in Taipei, Republic of China (Taiwan).
Mr. Sara stated that the Asia Insurance Industry Awards is a prestigious award presented to insurance operators throughout Asia, organized by Asia Insurance Review Magazine. With respect to the “Life Insurance Company of the Year 2014” award that the Company received in this year, it is the prize given to life insurance company in Asia that has displayed outstanding business development fulfilling both work efficiency and business advancement criteria, particularly in terms of having a proper financial management system that has taken into account the management of life insurance risk for the whole organization.
Other factors used as criteria for award consideration included being a well-known organization with in-depth market understanding capable of satisfying insured’s needs, managing distribution channels exceptionally well and leading the industry in terms of life insurance product innovation, excellent customer service, transparent and accountable work system, life insurance underwriting criteria, claims management, training and human resources development, financial management, setting up international work standard, maintaining good business growth, and promoting positive image of life insurance business to the society.
“Muang Thai Life Assurance represents the brand of happiness that aims to be the leader in creating liveliness and novelty in the Thai life insurance industry, while at the same time, bringing people closer to life insurance. The 2014 ‘Life Insurance Company of the Year’ Asian award received is regarded as another notable chapter of pride for Thai people for it represents the honorable distinction that is widely praised by the insurance industry worldwide. Muang Thai Life Assurance is the only Thai life insurance company to have been selected to receive such award. This occasion not only asserts our Company’s leadership position in the industry, however, it also reflects the success that the Company has achieved from running our business with stability, strength and efficiency and continuously improving the quality of operations in all aspects. The Company has been operating with firm belief and key policy of being the market leader with multi-distribution channels while adapting strategies to be appropriate with changing environment and reaching customers with the lifestyle of people today. On top of that, we also make sure that our contributions to the society are always beneficial in helping to make a difference and paying back the society,” said Mr. Sara.
The Asia Insurance Industry Awards 2014 was the 18th award presentation which was considered and decided by a committee comprising experts and Asia’s prominent executives including insurance regulators, whereby the selection was made from a total of over 500 top insurance companies in Asia.
In 2013, the Company also received the Corporate Social Responsibility Award from Asia Insurance Industry Awards 2013 that is regarded as the ultimate prize of Asia which highlights the Company’s capacity in organizing CSR activities proactively and sustainably.
Marking the latest achievement, the Company was presented the Superbrands Thailand 2014 Award which is considered to be another pride and joy for the Company to have received this recognition in its eighth consecutive year through upholding the policy of efficient management, excellent customer care and placing priority to building the brand to the point of winning Thai people’s trust.
All of these recognized awards stand to confirm the Company’s determination and effort to raise its business standard to a truly international level as well as develop and maintain superb quality in all dimensions, only to reinforce the credibility and strength of the Company as well as quality of services provided from past till present, which is worthy of the trust that the customers and Thai people have in “Muang Thai Life Assurance”.
