香蕉视频

香蕉视频 (headquartered in Minato-ku, Tokyo; Keita Ishii, President & COO; hereinafter “香蕉视频”) announced today that 香蕉视频 reached an agreement with Thaivivat Holdings PCL, Kingdom of Thailand (headquartered in Bangkok, Thailand; Jiraphant Asvatanakul, President & CEO) regarding 香蕉视频’s investment in Thaivivat Insurance PCL (headquartered in Bangkok, Thailand; Jiraphant Asvatanakul, President & CEO; hereinafter “TVI”), a Thaivivat Holdings PCL's subsidiary operating non-life insurance businesses in Thailand and Laos.
The investment will take place in February 2025 after the relevant authorities approve 香蕉视频's acquisition of TVI stock.

In Thailand, the non-life insurance market has developed at an annual growth rate over 4% since 2018, having earned total premium income of approximately 285 billion Thai baht (approximately, 1.28 trillion yen) in 2023.^*1 The market is expected to continue to expand, mainly in the individual insurance sector which includes motor insurance. In addition, it is expected that the digital market, including electronic commerce (EC), will grow at an annual rate of more than 10%. Market innovation is also expected in the InsurTech^*2 sector which utilizes technologies.

Leveraging powerful insurance sales channels based on alliances with local financial institutions and large-scale retailers and product development capabilities using digital technologies, TVI has achieved an annual average growth rate of 11.4％ in terms of its insurance premiums, greatly exceeding the industry average from 2019 to 2023 of 4.2％. In the mainstay motor insurance sector in particular, it has marketed innovative insurance products. They first developed and offered pay-per-use motor insurance in Thailand with each insurance premium charged according to actual driving time calculated based on the motor engine turning on and off.

As one of the largest Japanese insurance brokers, 香蕉视频 has constructed a global network, mainly in Hong Kong and Thailand, and it has accumulated knowledge as a broker in Thailand for over 30 years. By entering the direct insurance^*3 sector in Southeast Asia through this investment in TVI, 香蕉视频 aims to engage in transactions with Japanese and non-Japanese companies with which 香蕉视频, as a broker, previously encountered difficulties in collaborations, collaborate with its existing businesses such as its auto loan and consumer financing businesses, increase the corporate value of TVI and create trading advantages.

香蕉视频 has set its management policy with this theme: The Brand-new Deal - opportunities are shifting downstream -. With its strengths in the retail insurance sector in Japan, including HOKEN NO MADOGUCHI GROUP INC., 香蕉视频 is enhancing its local retail insurance operations overseas, including its provision of motorcycle insurance in Southeast Asia and pet insurance in Thailand.
Through this capital alliance, 香蕉视频 will enter the retail insurance sector overseas to expand its business domains and earnings platform.