New book by Larry Connors Click here Improve your trading - See how
"Most importantly, Thailand has strong regulations to protect policyholders well and ensure capital adequacy to cover all liabilities."
Mr Plaxton said Krungthai AXA Life was financially well positioned given the strength of its partners, Krung Thai Bank (KTB) and AXA, the leading financial provider in France.
Krungthai AXA currently manages an investment portfolio of about 12 billion baht, most of which is in bonds and less than 10 percent in equities. Its capital fund is 300 percent higher than the requirement set by the Office of the Insurance Commission.
Despite the volatile stock market, Mr Plaxton said Krungthai AXA had yet to make any shifts in its investment strategy.
For the first nine months of this year, the company reported 135 percent growth in new business to 2.56 billion baht, mainly from agent sales and bancassurance through KTB. Total premiums for the period increased 65 percent to 6.57 billion baht.
Last year, it reported new business income rose 172 percent to 2.7 billion baht on total written premiums of 5.81 billion.
Krungthai AXA posted a net profit of 262 million baht in the first half, equivalent to the amount the company earned for all of 2007.
"We expect another successful year this year," said Mr Plaxton.
To stress its financial strength to consumers, the company on Nov 3 will begin airing a new TV commercial for six weeks. Produced at a cost of 20 million baht, the commercial focuses on the relationship between a boy in the provinces and his grandmother, who provides him with the most important gift in life -- an education.
The commercial also highlights the company's use of natural and recycled materials including hand-made fabric from local communities in the Northeast and North, which the company will use for new policy covers instead of plastic.
To see more of the Bangkok Post, or to subscribe to the newspaper, go to http://www.bangkokpost.com. Copyright (c) 2008, Bangkok Post, Thailand Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
15260 Ventura Blvd., Ste. 2200
Sherman Oaks, CA 91403
© Copyright 2009 The Connors Group, Inc.
