Thai Setakij Insurance
- Company typePublic
- Founded1983
- HeadquartersPathum Wan, Thailand
- Headcount101–250
- GTM typeB2C
- OfferingServices
Thai Setakij Insurance firmographics
Firmographics- Name
- Thai Setakij Insurance
- Legal name
- บริษัท ไทยเศรษฐกิจประกันภัย จำกัด (มหาชน)
- Website
- https://tsi.co.th
- Company type
- Public
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Thai Setakij Insurance industry classification
Industry- Product category
- Non-Life Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Personal Auto Insurance (FSAJAMAA)
- akta.pro secondary industries
- Motor Vehicle Liability Insurance (FSAJAMAC), Personal Accident Insurance (Injury, Disability & Income Benefit) (FSAJAJAD)
Keywords
Where Thai Setakij Insurance is headquartered
LocationHeadquarters
- HQ city
- Pathum Wan
- HQ country
- Thailand
- HQ region
- Asia
Offices1 record
Markets served
Thai Setakij Insurance business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Non-Life Insurance Premiums: Core revenue from underwriting non-life insurance policies including motor vehicle insurance and accident insurance, with premiums collected from both retail (individual) and corporate customers.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels2 records
Thai Setakij Insurance product offering
Product offeringCore offering
Thai Setakij Insurance (TSI Insurance) is a Thai non-life insurance company providing motor vehicle insurance and personal accident insurance. The company offers 24-hour coverage protecting individual consumers and corporate customers against vehicle damage and accident-related risks, with a focused portfolio of underwriting products distributed through call center, branch network, and strategic business partners in Thailand.
Product overview
Thai Setakij Insurance (TSI Insurance) is a non-life insurance company offering a focused portfolio centered on motor vehicle insurance and personal accident insurance. The company provides 24-hour coverage protecting against vehicle damage and accident-related risks, positioned as comprehensive coverage meeting various customer needs.
Differentiator
Problem solved
Functional benefit
Products and services
- Motor Vehicle Insurance (ประกันรถยนต์) Motor vehicle insurance providing coverage for vehicle damage and related risks, with policy terms and premium rates structured across voluntary classes (1, 2, 3, 2+, 3+) per OIC regulations. Targeted at vehicle owners seeking statutory and voluntary motor coverage.
- Personal Accident Insurance (ประกันอุบัติเหตุ) Personal accident insurance providing 24-hour coverage for accident-related injuries and damages. Targeted at individual consumers and event participants (such as ThaiRun running event ticket holders) seeking financial protection against accident-related losses.
Companies that use Thai Setakij Insurance
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Thai Setakij Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Thai Setakij Insurance partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Ping An Property & Casualty Insurance Company of China, Ltd. Guangdong BranchcoreTSI Insurance signed a business cooperation MOU with Ping An P&C (Guangdong Branch) and Guangdong Ubai Technology for joint business operations. The partnership aims to develop cross-border insurance opportunities and expand into the Southeast Asian market, facilitated by Thailand-China bilateral business forums.
- Guangdong Ubai Technology Co., Ltd.coreTSI Insurance signed a business cooperation MOU with Ping An P&C (Guangdong Branch) and Guangdong Ubai Technology for joint business operations involving technology integration and digital insurance service development.
- ThaiRun Co., Ltd. (ไทยดอทรัน จำกัด)minorTSI Insurance provides accident insurance coverage for ThaiRun running event participants and ticket holders. Mr. Ben Asanasen, MD of TSI, met with ThaiRun MD to formalize the partnership at ThaiRun headquarters.
- Falcon Supply Chain Management Co., Ltd. (Falcon SCM)coreTSI Insurance signed MOU with Falcon SCM for cooperation in developing and expanding joint non-life insurance business opportunities. This is TSI's first partnership under its expansion plan to reach both retail and corporate customers through strategic business partners.
- Cher Tu Dao Yong Technology Co., Ltd. (เฉิงตู เต้าหยง เทคโนโลยี จำกัด)coreTSI Insurance signed MOU with Cher Tu Dao Yong Technology, developer of the WuKa Bear innovative financial service app, for customer database sharing and joint service development through e-commerce systems. CEO Park Lee represented the Chinese company at Shangri-La Hotel signing ceremony.
Scale indicators1 record
Recent moves7 records
Expansion highlights5 records
Thai Setakij Insurance competitors and assessment
Company assessmentBroad incumbents
- MSIG Insurance (Thailand): Subsidiary of a major Japanese P&C group operating in Thailand across motor, fire, accident, and specialty lines. Comparable product set, with deeper capital, international underwriting expertise, and broader enterprise reach than TSI.
- Sompo Insurance (Thailand): Thai arm of a Japanese P&C group, providing motor, fire, marine, and accident insurance to retail and commercial customers. Comparable in product categories, with stronger international reinsurance backing and corporate client base.
- AXA Insurance Thailand: Global insurer's Thai P&C operations offering motor, accident, and commercial coverage. Comparable in regulated Thai non-life market participation but with materially larger scale and product breadth.
- Allianz Ayudhya General Insurance: Joint venture between a leading global insurer and a Thai group; offers motor, health, accident, and property coverage. Overlaps with TSI's core motor/PA lines but operates at significantly greater scale and brand recognition.
Direct peers
- Muang Thai Insurance: Major Thai non-life insurer offering motor, accident, fire, and group health policies through bancassurance and agent channels. Comparable to TSI in core lines and customer segments, but with substantially larger distribution and capital base.
- Southeast Insurance Public Company: Smaller Thai listed non-life insurer with a similar niche profile to TSI, offering motor, fire, and personal accident products. Most directly comparable on size, listing status, and product mix.
- Dhipaya Insurance Public Company: Listed Thai non-life insurer with a strong focus on motor and personal accident lines. Closest direct product and channel analog to TSI, though at a larger scale and broader enterprise footprint.
- Bangkok Insurance Public Company: One of Thailand's largest listed non-life (P&C) insurers, offering motor, accident, fire, and marine coverage to retail and corporate clients. Directly comparable to TSI in product mix and Thai stock exchange listing, with materially larger scale.
- The Navakij Insurance Public Company: Listed Thai non-life insurer with a focus on motor, fire, and accident products, including SME and corporate lines. Comparable in product portfolio, regulated Thai P&C market exposure, and public-company structure.
Others
- Ping An Property & Casualty Insurance (China): Largest P&C insurer in China and now a strategic partner to TSI via the May 2026 MOU. Not a direct Thai competitor, but highly relevant comparable on motor/PA underwriting and a key counterparty in TSI's cross-border growth strategy.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Thai Setakij Insurance social profiles
Digital presenceThai Setakij Insurance compliance and trust
Trust signalCompliance2 records
Thai Setakij Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thai Setakij Insurance leadership team
Management profileNumber of profiles
Profiles3 records
Thai Setakij Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thai Setakij Insurance M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thai Setakij Insurance
What does Thai Setakij Insurance do?
Thai Setakij Insurance (TSI Insurance) is a Thai non-life insurance company providing motor vehicle insurance and personal accident insurance. The company offers 24-hour coverage protecting individual consumers and corporate customers against vehicle damage and accident-related risks, with a focused portfolio of underwriting products distributed through call center, branch network, and strategic business partners in Thailand.
Is Thai Setakij Insurance a public or private company?
Thai Setakij Insurance is a public company. It is classified as public and is currently operating.
When was Thai Setakij Insurance founded?
Thai Setakij Insurance was founded in 1983. It employs 101 to 250 people.
Where is Thai Setakij Insurance based?
Thai Setakij Insurance is headquartered in Pathum Wan, Thailand, in the Asia region.
How does Thai Setakij Insurance make money?
One revenue line is on record: non-Life Insurance Premiums.
Who are Thai Setakij Insurance's main competitors?
Broad incumbents on record are MSIG Insurance (Thailand), Sompo Insurance (Thailand), AXA Insurance Thailand and Allianz Ayudhya General Insurance. Direct peers are Muang Thai Insurance, Southeast Insurance Public Company, Dhipaya Insurance Public Company, Bangkok Insurance Public Company and The Navakij Insurance Public Company. Ping An Property & Casualty Insurance (China) is listed as an others.
Does Thai Setakij Insurance have an API?
No public API is recorded for Thai Setakij Insurance.
What industry is Thai Setakij Insurance in?
Thai Setakij Insurance's product category is Non-Life Insurance. Its primary akta.pro industry code is FSAJAMAA, Personal Auto Insurance, with a secondary code of FSAJAMAC, Motor Vehicle Liability Insurance. Its NAICS code is 524126 and its SIC code is 6331.