Founded by Mr. Chin Sophonpanich, Bangkok Insurance Public Company Limited (BKI) has officially engaged in non-life insurance business since 1947. It was incorporated as a limited company on 15 April 1947 under the name of Asia Insurance Company Limited with an initial registered capital of Baht 5 million and an office situated on Anuwongse Road, Samphanthawong District. (During the first era of operations, the Company was originally established as a small non-life insurance division of Asia Insurance Company Limited. It was granted its first license to conduct non-life insurance business on 1 January 1947.)
Subsequently in 1964, Asia Insurance Company Limited was renamed to Bangkok Insurance Company Limited. The Company continuously expanded its business and increased its registered capital. In 1978, the Company became listed on the Stock Exchange of Thailand and, in 1993, was converted to a public limited company under the name of Bangkok Insurance Public Company Limited.
BKI has been in business for more than 70 years with a current registered capital of Baht 1,064.7 million. The Company provides a full range of non-life insurance services based on the management concepts of efficiency, going global, and creating maximum satisfaction for customers. At present, the Company possesses branches and offices throughout every region of Thailand.
The Most Prestigious Honors
On 26 April 2004, His Majesty King Bhumibol Adulyadej graciously bestowed the Garuda emblem to the Company as a company under the royal patronage of His Majesty the King. It has been one of the most prestigious honors for the Company, its executives, and its employees.
The aforementioned Garuda emblem is considered a certificate to ensure that the Company operates business with honesty, integrity, morality, ethics, and a solid foundation and becomes one of the most trusted insurers for the general public. The emblem helps motivate the Company to conduct business to achieve prosperity and stability in the years to come.
Financial Strength Ratings
S&P’s Rating: A- (Stable)
The Company was assigned the financial strength rating of A- (Stable) by Standard & Poors or S&P, one of the world’s leading credit rating agencies, on 22 November 2019. Such a rating reflected the Company’s position as a leader in the non-life insurance industry of Thailand with strong competitiveness, good operating results, solid financial position, adequate capital funds, satisfactory capital management capability, and sound management system.
A.M. Best’s Rating: A- (Excellent)
Bangkok Insurance Public Company Limited or BKI was assigned the financial strength rating of A- (Excellent) by A.M. Best Company, one of the world’s leading credit rating agencies, on 29 May 2020. The institution has been assigning financial strength ratings for a vast number of non-life and life insurers. BKI’s financial strength rating of A- (Excellent) reflected its strong capital funds, financial stability, and status as a leader in the non-life insurance industry of Thailand with strong competitiveness and sound management system.