724 Market Co.,Ltd.

Name

724 Market Co.,Ltd.

Legal name

บริษัท 724 มาร์เก็ต จำกัด

Website

https://724.co.th

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Insurance Marketplace

NAICS

Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Price Comparison, Deals, Cashback & Loyalty Shopping Platforms (BPAMAGAH)

Keywords

• Online insurance marketplace
• Insurance brokerage
• Financial services platform
• Insurance aggregator
• Wealth management services

Headquarters

HQ city

Bangkok (Huai Khwang)

HQ country

Thailand

HQ region

Asia

Offices76 records

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. Insurance Commission: 724 Market acts as an insurance broker earning commissions from insurance providers for policy sales. The platform compares and sells motor insurance (car, motorcycle), health insurance, travel insurance, life insurance, golf insurance, and group insurance products.
2. Used Car Marketplace Transaction Fees: Platform facilitates used car sales between buyers and sellers, earning transaction fees. Includes inspection services, warranty packages, and after-sale support services.
3. Office Rental Commission: Properties platform connects businesses with office space providers, earning referral commissions from property partners.
4. Travel Package Sales: 724 Travel offers international tour packages, generating revenue through package sales and potentially commissions from partner travel agencies.
5. Wealth Management Referral: 724 Wealth connects customers with mutual fund providers and financial advisors, earning referral fees for investment product introductions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

724 Market operates a Thai online marketplace that aggregates and brokers insurance products (motor, health, travel, life, golf, fire, EV, group) from multiple insurers, alongside investment products (724 Wealth), used cars (724 Car), office rentals (724 Properties), and tour packages (724 Travel). Licensed by Thailand's Office of Insurance Commission, the platform enables 24/7 online purchase with real-time quote comparison and digital policy issuance within minutes. The platform supports a nationwide network of 5,000+ licensed online agents and over 50 service centers.

Product overview

724 Market is a Thai online marketplace and insurance aggregator platform operating under company 724 มาร์เก็ต จำกัด (724 Market Co.,Ltd.). The platform functions as a multi-category e-commerce marketplace offering insurance products (via 724 Insure), investment services (via 724 Wealth), travel packages (via 724 Travel), used car sales (via 724 Car), and office rentals (via 724 Properties). The core offering is 724 Insure, an insurance aggregator that enables consumers to compare and purchase motor, health, travel, life, and accident insurance from multiple partnered insurers online 24/7. The platform also supports a network of over 5,000 online agents/brokers who sell products through the platform.

Differentiator

Problem solved

Functional benefit

Brands

• 724 Insure: Online insurance products platform offering motor, health, travel, and other insurance products
• 724 Wealth
• 724 Travel
• 724 Office
• 724 Car

Products and services

• 724 Insure Online insurance aggregator and broker offering motor insurance, health insurance, travel insurance, life insurance, golf insurance, and accident coverage with multi-insurer price comparison and 24/7 online purchase.
• 724 Wealth Investment and wealth management platform offering mutual funds, tax-deductible investments, stocks, and financial planning advisory services.
• 724 Travel International and domestic tour package booking platform offering travel packages to destinations including Japan, Korea, Vietnam, Europe, and Southeast Asia.
• 724 Properties Office space rental platform offering commercial property listings including offices for rent, with property management and tenant services, partnering with TORA, Knight Frank, and CTC.
• 724 Car Used car marketplace with certified pre-owned vehicles, 200-point inspection guarantees, parts warranty (12 months or 30,000 km), and 24-hour emergency assistance through Wecanfix network.
• Motor Insurance (ประกันภัยรถยนต์) Comprehensive car insurance comparing multiple insurers including Type 1, 2, 2+, 3, 3+ coverage options with price comparison.
• Motorcycle Insurance (ประกันภัยรถมอเตอร์ไซค์) Motorcycle insurance coverage with options from multiple providers including Type 2+, 3, 3+ plans.
• Compulsory Motor Insurance - พ.ร.บ. (ประกันภัยภาคบังคับ) Mandatory third-party liability insurance for vehicles, purchasable online with electronic policy delivery within 5 minutes.
• Health Insurance (ประกันสุขภาพ) Health and accident insurance coverage including individual plans, family plans, and child health insurance.
• Travel Insurance (ประกันภัยการเดินทาง) Domestic and international travel insurance covering trip cancellations, medical emergencies, and travel delays.
• Life Insurance (ประกันชีวิต) Life insurance products from multiple providers including savings plans, term life, and investment-linked policies.
• Golf Insurance (ประกันภัยกอล์ฟ) Specialized accident insurance for golfers covering third-party liability, hole-in-one bonuses, and equipment damage at golf courses.
• Group Insurance (ประกันกลุ่ม) Employee group insurance packages for businesses offering comprehensive coverage at discounted rates.
• EV Car Insurance (ประกันรถไฟฟ้า) Electric vehicle insurance coverage including battery protection and charging equipment coverage for EV owners.
• Fire Insurance (ประกันอัคคีภัย) Property fire insurance covering fire, lightning, and natural disaster damage for homes and buildings.

Quantifiable outcome

• Policy issuance within 5 minutes for compulsory insurance (พ.ร.บ.)
• +2 more outcomes

Named customers5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

35 partnerships are on record, tiered core and minor.

• Viriyah Insurance (วิริยะประกันภัย)coreChannel Partner/ Reseller/ DistributorViriyah Insurance is one of Thailand's top insurance providers with 131 branches nationwide. 724 Market offers Viriyah's motor insurance products including Type 2+, Type 3+ short-term policies through the platform.
• TIP Insurance (ทิพยประกันภัย)coreChannel Partner/ Reseller/ DistributorTIP Insurance is a government-backed insurance company (Thailand's second largest insurer). 724 Market offers TIP's motor insurance products through the online platform.
• Tokio Marine (คุ้มภัยโตเกียวมารีน)coreChannel Partner/ Reseller/ DistributorTokio Marine is a Japanese insurance company with nationwide coverage. 724 Market offers Tokio Marine's golf insurance and motor insurance products through the platform.
• Thaiinsurance (ไทยประกัน)coreChannel Partner/ Reseller/ DistributorState-owned insurance company under the Crown Property Bureau offering popular products like Pee Chang (พี่ช้าง) refund insurance. Available through 724 Market platform.
• Bangkok Life Insurance (กรุงเทพประกันชีวิต)coreChannel Partner/ Reseller/ DistributorLeading insurance company under Bangkok Bank group. 724 Market offers Bangkok Life's life insurance products through the platform.
• Muang Thai Insurance (เมืองไทยประกันภัย)coreChannel Partner/ Reseller/ DistributorInsurance company under Kasikorn Bank group. 724 Market offers Muang Thai's motor and health insurance products.
• AIA (แอกซ่า)coreChannel Partner/ Reseller/ DistributorGlobal insurance company with strong presence in Thailand. 724 Market offers AIA's travel insurance and other products through the platform.
• Srisuwan (ศรีศุกร)minorChannel Partner/ Reseller/ DistributorThai insurance broker and agency company.
• Allianz (อลิอันซ์)coreChannel Partner/ Reseller/ DistributorGlobal insurance company ranked #1 in Germany. 724 Market offers Allianz's motor insurance products.
• Siam City Insurance (ไทยประกัน)coreChannel Partner/ Reseller/ DistributorModern insurance company under Panitchwathewi Group, owners of Don Mueang Tollway. Available through 724 Market.
• Pacific Cross (แปซิฟิค ครอส)minorChannel Partner/ Reseller/ DistributorHealth and travel insurance specialist. 724 Market offers Pacific Cross health insurance products.
• Namyang (นำสิน)minorChannel Partner/ Reseller/ DistributorThai insurance company offering motor and general insurance products through 724 Market platform.
• Sino-Thai (สินมั่นคง)minorChannel Partner/ Reseller/ DistributorThai insurance company focused on motor insurance with fast claim service (Fast Come, Fast Fix).
• Somkjind (ซมโปะ)minorChannel Partner/ Reseller/ DistributorGlobal insurance company under Sompo Holdings. 724 Market offers Somkjind's motor insurance Type 1 starting from 16,115 THB/year.
• Tanyapat (ธนชาต)minorChannel Partner/ Reseller/ DistributorThai insurance company offering motor insurance products through 724 Market.
• LHA (ลิขิต)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• Dhipaya Insurance (ดิไพริ่ม)coreChannel Partner/ Reseller/ DistributorDhipaya Insurance offers Motor Add-On policies available through 724 Market, providing additional coverage for policyholders.
• Tawsathan (ทาว์สทานท์)minorChannel Partner/ Reseller/ DistributorThai insurance company offering motor and health insurance through 724 Market.
• Srisawad (ศรีสว่าง)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• Theema (ธีม่า)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• Preuksa (พรูดษกา)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• Ocean Insurance (โอเชียน)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• Safety Insurance (เซฟตี้)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• Iлич (ไอโออิ)minorChannel Partner/ Reseller/ DistributorThai insurance company. Products available through 724 Market platform.
• JP Insurance (JP)minorChannel Partner/ Reseller/ DistributorInsurance company with J Mart Group as major shareholder. Products available through 724 Market.
• ERGO Insurance (เออร์โก)minorChannel Partner/ Reseller/ DistributorGerman insurance company under ERGO Group. Products available through 724 Market platform.
• KTC (เคทีซี)minorChannel Partner/ Reseller/ DistributorKTC credit card and personal loan services available through 724 Market platform.
• SE Life (อาคเนย์)coreChannel Partner/ Reseller/ DistributorSE Life (อาคเนย์) offers savings insurance D-Super Saving 10/1 with 1.8% annual return. Available through 724 Market.
• Yuanta Securities (ยูอันต้า)coreChannel Partner/ Reseller/ DistributorYuanta mutual funds available through 724 Wealth platform for investment products.
• TORAcoreChannel Partner/ Reseller/ DistributorTORA is a major property management company with more than 10 locations. Partners with 724 Properties for office rental listings.
• Knight FrankcoreChannel Partner/ Reseller/ DistributorGlobal property consultancy with significant Thailand presence. Partner for office rental listings on 724 Properties platform.
• CTC (ซีทีซี)coreChannel Partner/ Reseller/ DistributorProperty partner with multiple office locations in Thailand. Available through 724 Properties platform.
• SK Plus (เอสเค พลัส)coreTechnology or IntegrationSK Plus provides vehicle inspection and survey services covering 200 inspection points for all used cars sold on 724 Market.
• Wecanfix (วีแคนฟิกซ์)coreTechnology or IntegrationWecanfix provides garage network and repair tracking services for 724 Market used car customers with nationwide coverage.
• Insurance Institute ThailandminorOthersRegulatory oversight body. 724 Market displays OIC (Office of Insurance Commission) certificates and DBD registration.

Scale indicators6 records

Broad incumbents

• MSIG Thailand: MSIG is a major direct insurance carrier in Thailand offering motor, health, and other lines. Comparable as a carrier partner competing for the same Thai insurance demand via direct channels.
• Dhipaya Insurance: Dhipaya is a Thai direct insurer offering motor, property, and specialty insurance. Comparable as a carrier partner and direct competitor for Thai insurance consumers.
• Bolttech: Bolttech is a Singapore-headquartered insurtech operating an international insurance exchange and embedded insurance platform across Asia, including Thailand. Comparable as a broader regional insurance marketplace with embedded distribution.
• Krungthai AXA Life Insurance: Krungthai AXA is a major Thai life insurer with bank distribution through Krungthai Bank. Comparable as a life insurance provider in the Thai market that competes for the same consumer segment.
• Bangkok Insurance (Bangkok Thonburi Insurance): Bangkok Insurance is a major Thai non-life insurer offering motor, fire, and other products. Comparable as a direct carrier also present in 724 Market's aggregator alongside its own distribution channels.

Emerging players

• Rabbit's Tale / Claim Di: Claim Di is a Thai insurance claims and policy management platform working with insurers and consumers. Comparable as a Thai insurtech operating adjacent to the broker/distribution layer.
• ZhongAn Online P&C Insurance: ZhongAn is a China-based digital-first insurer pioneering online insurance distribution and ecosystem partnerships. Comparable as a digital insurance platform model reference for emerging Asian markets.
• LINE Thailand (LINE MAN / financial services): LINE operates a major messaging platform in Thailand and has been expanding into financial services and insurance distribution. Comparable as a platform that can disintermediate traditional insurance brokers via embedded distribution.

Direct peers

• Roojai: Roojai is a leading Thai online insurance platform offering motor and health insurance with instant online purchase and claim handling. Direct competitor in Thai online insurance comparison and distribution.
• Frank.co.th: Frank is a Thai insurance comparison platform providing instant online quotes across multiple insurers for motor and health insurance. Closely comparable online insurance aggregator targeting Thai consumers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/724markets
• LinkedInlinkedin.com/company/724-market-co-ltd

Revenue estimate

Valuation estimate

Number of profiles

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 724 Market Co.,Ltd.