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About the Integration
On 31 August 2018, Tokio Marine and Nichido Fire Insurance Company Limited, a subsidiary
of the Company, Tokio Marine Holdings Co., Ltd. together with its subsidiaries and affiliates
has acquired the company. Safety Insurance Public Company Limited, a non-life insurance
company in Thailand from Insurance Australia Group Limited, an Australian insurance company.
This acquisition is in line with Tokio Marine Group's long-term vision. "To be a global
insurance group that provides security and safety to customers around the world and
grows sustainably." Based on this vision, Tokio Marine Group's subsidiaries and affiliates have
been looking for overseas opportunities to expand. Existing geographic boundaries and across
businesses Acquisition and overseas expansion are the main drivers of Tokio Marine Group's
growth strategy. This is especially true in most emerging markets in Asia as economic growth
continues to grow and household income levels increase among middle-class populations.
To enhance the experience The expertise and resources of the current insurance and casualty
insurance businesses of the Tokio Marine Group and the OIC have considered and approved
the merger between the companies. Tokio Marine Insurance (Thailand) Public Company Limited
and Safety Insurance Public Company Limited formed a new company under the name " Tokio
Marine Safety Insurance (Thailand) Public Company Limited” (TMSTH) on 3 February 2020
onwards.
And in the future, Tokio Marine Group will work to expand the scale of its insurance business.
To continuously respond to customer needs and further develop the insurance market in
Thailand.
Tokio Marine Group
Tokio Marine has been in insurance business for more than 140 years, beginning as Japan's
first non-life insurance company. Since then, Tokio Marine has expanded into over 46 countries
around the world. Tokio Marine's vision is "To Be a Good Company" with a commitment to
ethical and transparent business procedures in compliance with international standards. This
entails doing the right thing and running businesses that prioritizes sustainability in order to
deliver the best possible service to clients while also giving back to society.
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รายงานประจำาปี 2566 | ANNUAL REPORT 2023 |
