insurverse public company limited

What insurverse public company limited does

Insurverse Public Company Limited is a Thai digital insurance platform operating as the online direct-to-consumer distribution arm of Thip Group Holdings (TIPH), a long-established Thai insurance conglomerate. Founded in 2023 and headquartered at the Thip Insurance Building on Rama 3 Road in Bangkok's Yannawa district, the company sells non-life insurance products online to Thai consumers. Its product portfolio spans motor insurance across Thai coverage classes (Class 1, 2+, 3+, 3, and compulsory พ.ร.บ.), international travel insurance, personal accident insurance, and home/condo insurance. Underwriting is provided by affiliated Thip Insurance, while Insurverse owns the digital channel, customer relationship, and claims service layer.

The platform enables end-to-end self-service purchasing via insurverse.co.th and a mobile app, with features including OCR-assisted data entry, real-time price comparison, instant policy issuance by email, digital claims filing, and 24/7 online support. Free expert consultation is available for car insurance decisions. Insurverse monetizes through annual insurance premiums paid under a subscription-style recurring model; underlying risk sits with Thip Insurance rather than Insurverse. Pricing is transparent and price-led, with entry-level motor products promoted at approximately 5,067 to 8,846 Baht per year depending on coverage class and active promo code.

The go-to-market is direct-to-consumer, supported by a digital-first marketing stack covering Facebook, YouTube, TikTok, LINE, organic SEO, and rolling time-limited promotional codes. Payment rails include credit/debit cards (VISA, MasterCard), QR payments, LINE Pay, TrueMoney Wallet, and PromptPay, processed via a 2C2P gateway integration. The entity is structured as a Thai public limited company (มหาชน) with a Board of Directors, Audit Committee, Investment Management Committee, and Risk Management Committee, and is compliant with Thailand's Personal Data Protection Act (PDPA). Future product expansion into health and pet insurance is publicly indicated.

Name

insurverse public company limited

Legal name

บริษัท อินชัวร์เวิร์ส จำกัด (มหาชน)

Website

https://insurverse.co.th

Company type

Public

Operating status

Operating

Short description

Insurverse Public Company Limited is a Thai online insurance platform, subsidiary of Thip Group Holdings, that distributes non-life insurance — motor, travel, personal accident, and home — directly to Thai consumers through digital self-service purchasing, OCR-assisted onboarding, and 24/7 online claims support.

Ownership category

akta.pro rank

Product category

Online Insurance Brokerage

NAICS

Insurance Carriers and Related Activities (524), Insurance Carriers (5241)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Digital Distribution & Comparison Platforms (Aggregators/Marketplaces) (FSAGAGAA)

akta.pro secondary industry

Data, Analytics & AI for Insurance (Risk, Pricing, Personalization) (FSAGAGAE)

Keywords

• Online car insurance
• Digital insurance platform
• Motor insurance broker
• Travel insurance online
• Non-life insurance

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Insurance Premiums: Revenue generated from annual insurance policy premiums across motor, travel, personal accident, and home insurance categories. Premiums are paid annually per policy.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Insurverse Public Company Limited operates a direct-to-consumer digital insurance distribution platform in Thailand, selling non-life insurance products online including motor (compulsory and voluntary Classes 1, 2+, 3+, 3), travel, personal accident, and home/condo insurance. Customers can compare prices, purchase policies, and file claims entirely through the insurverse.co.th website and mobile app, with underwriting provided by partner Thip Insurance under the Thip Group Holdings (TIPH) umbrella. The platform leverages OCR technology to simplify data entry and emphasizes transparent pricing, plain-language coverage explanations, and 24/7 online support.

Product overview

Insurverse Public Company Limited operates as a digital-first insurance platform offering a comprehensive portfolio of online insurance products. The platform is structured as a unified digital channel under Thip Holdings (TIPH), providing direct-to-consumer insurance purchasing and claims management. The core product lineup includes motor insurance (car insurance Classes 1, 2+, 3+, and 3, plus compulsory motor insurance), travel insurance, personal accident insurance, and home/condo insurance. Planned future products include health insurance and pet insurance. Key differentiators include an online purchase and claims process, OCR-enabled data entry for simplified onboarding, real-time quote comparison, and 24/7 online support.

Differentiator

Problem solved

Functional benefit

Products and services

• Car Insurance Class 1 (ประกันรถยนต์ชั้น 1) Comprehensive car insurance with the highest level of coverage, including own-damage protection, third-party liability, and additional benefits, sold online to Thai vehicle owners through insurverse.co.th.
• Car Insurance Class 2+ (ประกันรถยนต์ชั้น 2+) Mid-tier comprehensive car insurance with coverage for third-party liability and selected own-damage protections, purchased online by Thai vehicle owners.
• Car Insurance Class 3+ (ประกันรถยนต์ชั้น 3+) Insurance covering third-party liability with additional selected protections for vehicle damage, sold online to Thai vehicle owners.
• Car Insurance Class 3 (ประกันรถยนต์ชั้น 3) Basic third-party liability car insurance with minimum required coverage, available online to Thai vehicle owners.
• Compulsory Motor Insurance (พ.ร.บ. รถยนต์) Mandatory motor insurance required by Thai law for all vehicle owners, available for online purchase via insurverse.
• International Travel Insurance (ประกันเดินทางต่างประเทศ) International travel insurance covering medical emergencies, trip cancellations, lost luggage, and other travel-related incidents abroad, sold online to Thai travelers.
• Personal Accident Insurance (ประกันอุบัติเหตุ) Personal accident insurance providing coverage for injuries, disability, and death resulting from accidents, available online for Thai individuals.
• Home and Condo Insurance (ประกันบ้านและคอนโด) Property insurance covering damage to homes and condominiums from fire, flood, theft, and other covered perils, sold online to Thai property owners.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability1 record

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• ทิพย กรุ๊ป โฮลดิ้งส์ (Thip Group Holdings / TIPH)coreOthersInsurverse is a subsidiary of Thip Group Holdings (TIPH), Thailand's established insurance group. This parent relationship provides brand credibility, financial stability, and operational infrastructure. Insurverse operates as the digital insurance arm of the group.
• 2C2PcoreTechnology or Integration2C2P serves as the payment gateway for processing insurance premium payments. Customers can pay via credit card, debit card, QR code, LINE Pay, and TrueMoney Wallet. For payment issues, customers can contact 2C2P directly.
• ทิพยประกันภัย (Thip Insurance)coreStrategic or Co-development PartnerThip Insurance is the primary insurance provider behind insurverse products, offering underwriting for motor, travel, personal accident, and home insurance policies. The relationship enables insurverse to distribute Thip Insurance products through its digital platform.

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• AXA Thailand: AXA Thailand is a major non-life insurer offering motor, health, travel, and home products to Thai consumers. Comparable product breadth, larger global parent, and broader distribution footprint than insurverse's pure-play DTC focus.
• MSIG Thailand: MSIG Thailand is a long-established non-life insurance carrier offering motor, travel, personal accident, and home insurance through agents and digital channels. Comparable product lines and Thai customer base, but broader incumbent with multi-channel distribution rather than insurverse's pure-digital focus.
• Bangkok Insurance (BKI): Bangkok Insurance is one of Thailand's largest non-life insurers with broad motor, fire, marine, and personal accident products. Overlaps directly with insurverse's product mix but competes through traditional agent-led distribution rather than digital self-service.

Direct peers

• Roojai: Roojai is a Thai direct-to-consumer online car and health insurance platform offering fully digital purchase and claims. Closely comparable to insurverse on product, customer (Thai consumers), and DTC digital distribution model.
• Zuno by Generali Thailand: Zuno is a Thai digital insurance brand under Generali offering fully online motor and health insurance. Same DTC self-service purchase model and same Thai consumer market as insurverse.
• Sunday (formerly BTIIC / Sompo Thailand digital arm): Sunday is a Thai insurtech offering digital car and motorcycle insurance with instant purchase via app. Same target customer, same online purchase funnel, same Thai motor insurance market as insurverse.

Regional players

• bolttech: bolttech is a Singapore-headquartered insurtech building embedded insurance and digital distribution across Asia. Comparable digital insurance distribution model to insurverse, but operates regionally (not Thailand-only) and primarily via B2B/embedded partnerships rather than pure DTC.
• Policybazaar (Thailand operations): Policybazaar operates an insurance comparison marketplace in Thailand. Directly comparable to insurverse's aggregator/comparison positioning, but primarily a comparison lead-gen platform rather than a full-stack digital insurer.

Others

• Thip Insurance Public Company Limited: Thip Insurance is the underwriting carrier for all insurverse products and a sister entity under TIPH. Parent-ecosystem participant rather than competitor — but its product portfolio overlaps directly with insurverse's marketed lines, providing a benchmark for pricing and coverage depth.
• 2C2P: 2C2P is insurverse's payment gateway partner, providing the payment processing infrastructure for premium collection. Adjacent ecosystem participant — a critical enabler of insurverse's checkout flow rather than a direct insurance competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@insurverse.official
• Facebookfacebook.com/insurverse.official
• TikToktiktok.com/@insurverse_official

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

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 insurverse public company limited