Company Profile

Company's History

Safety Insurance Public Company Limited was incorporated on 12th September, 1941 with an initial registered capital of Baht 1,000,000. Its early business concern was focussed on underwriting non-life insurance. Luang Prajerd Aksornlak chaired the first Board of directors while Khun Luis Phanomyong became the company’s first Managing Director. The company operated from its Headquarters on New Road. As one of the pathfinders, Safety was amongst the few insurance companies owned and operated by Thai. The half-century long operation is solid proof of the company's competitiveness and perseverance to render the best service to Thai society

On 21st March, 1977 Safety Insurance became listed on the Stock Exchange of Thailand (SET) and became public company limited on 17th August, 1993. Now Safety Insurance increased registered capital to 360 million baht.

Mr.Yongyut Borvornvanitchyakul, Safety Insurance Public Company Limited’s president, announced on October 21, 1998 that Land and Houses Public Company Limited and Siam Commercial Bank Public Company Limited , two shareholders of Safety Insurance Plc, agreed to sign the contract in order to share the company’s stakeholder about 20% to NHCT Limited, ( a company associated with NRMA Insurance) , the biggest insurance company in Personal Line in Australia, has found in 1920. In 1997, they have the total assets about 6,605 million Australia dollars. Moreover, they have the total underwriting incomes at 1,733 million Australia dollars ( the exchange rate is about $ 1 Australia = 25 Bahts).

Providing the good services to all customers and always do the research to develop the products makes the company has been accepted from the customer in Australia for many years. Organization NRMA has always been committed to providing excellent service and value for money products for its members and customers. NRMA’s financial strength and good management is recognized by Standard & Poor ‘s ratings:

- Claims paying rating of AA+

- Short-term credit rating established at A1+

- Long-term credit rating established at AA+

During the past sixty years, Safety Insurance has been providing society with a wide range of insurance schemes designed to ensure the most comprehensive protection. To achieve this, the company continually improves its well-distributed branch network and applies modern technology. The company also engages in ongoing training programs that enhance the capabilities and performance of its staff.