Charan Insurance Public

What Charan Insurance Public does

Charan Insurance Public Company Limited (บมจ. จรัญประกันภัย) is a Thailand-domiciled, SET-listed non-life insurance company trading under ticker CHARAN. The firm underwrites a diversified multi-line general insurance book spanning motor (compulsory พ.ร.บ. and voluntary Type 3+ coverage), personal accident (PA), SME business insurance, marine cargo, property/fire including industrial all-risks (IAR), engineering (contractors' all-risks), and miscellaneous lines. Its customer base is split between individual Thai motor vehicle owners and small-to-medium enterprises seeking packaged business risk coverage.

The company is headquartered at 408/1 Ratchadaphisek Road in Bangkok's Huai Khwang district (near MRT Ratchadaphisek Exit 4), with a regional branch in Khon Kaen province supporting the northeastern Thailand market. Distribution combines direct branch sales, a channel of affiliated garages (อู่รถยนต์ในเครือ) that handles motor claims and repairs, and a corporate website that delivers product information, online claims filing, premium payments, and investor relations content. Pricing is quote-based and individualized rather than publicly listed, and the firm is regulated by Thailand's Office of Insurance Commission (OIC) under standard non-life insurance licensing requirements.

Underwriting and servicing rely on conventional insurance technology infrastructure for policy administration, claims processing, and customer service, with no proprietary platforms or AI-driven features disclosed. The firm employs 51-100 people, operates exclusively within Thailand, and competes in a mature Thai non-life insurance market dominated by larger incumbents. The company maintains a bilingual Thai/English website and publishes formal SLA service standards, suggesting a focus on operational maturity and customer experience rather than aggressive geographic or product-line expansion.

Name

Charan Insurance Public

Legal name

บริษัท มหาชน จำกัด จรัญประกันภัย (Charan Insurance Public Company Limited)

Website

https://charaninsurance.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Charan Insurance Public Company Limited is a Thailand-based, SET-listed non-life insurer offering motor, personal accident, SME, marine cargo, fire, and engineering insurance to individual vehicle owners and Thai SMEs through Bangkok and Khon Kaen branches and an affiliated garage network.

Ownership category

akta.pro rank

Product category

Non-Life Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Commercial Package / Business Owners Policies (BOP) (FSAJAMAG)

akta.pro secondary industries

Small Business BOP (Main Street) (FSAJAFAA), Commercial Property Insurance (FSAJACAE)

Keywords

• Non-life insurance
• Motor vehicle insurance
• Personal accident insurance
• Marine cargo insurance
• SME business insurance

Headquarters

HQ city

Huai Khwang

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Insurance Premium Revenue: Collection of insurance premiums from policyholders across motor, personal accident, SME, property, engineering, and marine insurance product lines.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Charan Insurance Public Company Limited is a Thai non-life insurance company that underwrites and sells fire, marine, and motor-related insurance policies. Its product portfolio spans compulsory and voluntary motor insurance (Type 5 / 3+), personal accident (PA) coverage, SME commercial packages, marine cargo, property/fire (including industrial all-risks), and engineering insurance, distributed through branch offices and an affiliated garage network across Thailand.

Product overview

Charan Insurance Public Company Limited (บมจ.จรัญประกันภัย) operates as a Thai non-life insurance company offering a comprehensive portfolio of insurance products. The company provides motor vehicle insurance (both compulsory พ.ร.บ. and voluntary Motor 3+), personal accident (PA) coverage, SME business insurance, marine cargo insurance, property/fire insurance, engineering insurance, and other miscellaneous insurance products. The product portfolio is organized around core insurance categories with specific sub-products targeting different customer segments from individual vehicle owners to small businesses and corporate clients.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor 3+ (รถยนต์ 3+) Motor vehicle insurance Type 5 (3+) providing comprehensive coverage for vehicles with additional benefits beyond standard compulsory insurance, for individual vehicle owners.
• Compulsory Motor Insurance (พ.ร.บ.) Compulsory motor insurance as required by Thai law, providing mandatory coverage for motor vehicle owners.
• Personal Accident (PA) Personal accident insurance providing coverage for injuries and accidental death to individuals.
• SME Insurance Comprehensive insurance coverage designed for small and medium-sized enterprises, covering various business risks.
• Marine Cargo Insurance Marine cargo insurance providing coverage for goods transported via sea routes against loss or damage.
• Property Insurance (Fire & IAR) Property insurance covering fire damage and industrial all-risks for assets and facilities.
• Engineering Insurance Engineering insurance covering construction and installation risks including contractors' all-risks coverage.
• Other Insurance Miscellaneous insurance products covering various additional risk categories beyond the main product lines.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Affiliated Garage NetworkcoreChannel Partner/ Reseller/ DistributorCharan Insurance operates a network of affiliated garages (อู่รถยนต์ในเครือ) that provide vehicle repair services for insurance claims processing. This network supports the company's motor insurance claims services.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• MSIG Insurance (Thailand) Company Limited: Japanese-owned Thai non-life insurer (subsidiary of MS&AD) providing motor, fire, marine, and engineering products. Larger, foreign-affiliated competitor with overlapping product suite.
• Allianz Ayudhya General Insurance: Thailand general insurance arm of Allianz, offering motor, property, marine and engineering products. Broad incumbent with global scale operating in the same Thai non-life categories as Charan.
• Sompo Insurance (Thailand) Company Limited: Japanese-owned Thai non-life subsidiary (Sompo Japan) offering motor, fire, marine and engineering. Broader portfolio from a global parent competing with Charan in multi-line non-life.

Direct peers

• Southeast Insurance Public Company Limited: Listed Thai non-life insurer (SET: SOE) offering motor, fire, marine and miscellaneous insurance. Smaller Thai listed competitor with comparable product breadth and SET-listed governance profile.
• Dhipaya Insurance Public Company Limited: Listed Thai non-life insurer (SET: DP) offering fire, marine, motor and miscellaneous lines. Similar size tier to Charan with overlapping customer base.
• Safety Insurance Public Company Limited: Thai listed non-life insurer focused on motor and small commercial lines. Direct comparator in the small-cap Thai non-life segment where Charan operates.
• Muang Thai Insurance Public Company Limited: Listed Thai non-life insurer (SET: MTI) with a comprehensive multi-line product set including motor, property, marine and engineering. Closely comparable product mix and Thai market focus.
• Bangkok Insurance Public Company Limited: Thailand's largest listed non-life insurer (SET: BKI) offering motor, fire, marine, and miscellaneous non-life lines. Most direct competitor to Charan in the Thai non-life market, with overlapping product set but far larger scale.
• Thaivivat Insurance Public Company Limited: Listed Thai non-life insurer (SET: TVI) covering motor, fire, marine and engineering. Operates in the same multi-line non-life segment as Charan, targeting both retail and SME customers.

Regional players

• FWD Life Insurance Public Company Limited: Pan-Asian insurance group with growing presence in Thailand across life and non-life lines. Adjacent Thai market participant competing for similar retail customers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/charan-insurance-pcl-charan-

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Charan Insurance Public