The Bangkok Insurance Public Company Limited is a Thai

Thailand

Thailand , officially the Kingdom of Thailand , formerly known as Siam , is a country located at the centre of the Indochina peninsula and Southeast Asia. It is bordered to the north by Burma and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the...

 insurance

Insurance

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 company based in Bangkok

Bangkok

Bangkok is the capital and largest urban area city in Thailand. It is known in Thai as Krung Thep Maha Nakhon or simply Krung Thep , meaning "city of angels." The full name of Bangkok is Krung Thep Mahanakhon Amon Rattanakosin Mahintharayutthaya Mahadilok Phop Noppharat Ratchathani Burirom...

. The company is one of the leading insurance companies in the country.

History

Bangkok Insurance PCL. was established on April 15, 1947 as Asia Insurance Co., Ltd. under the management led by Chin Sophonpanich

Chin Sophonpanich

- Biography :Chin was born to a Chinese immigrant father from Chaoyang, who was a sawmill clerk, and a Thai mother in Thonburi, Bangkok, although some sources stated otherwise that he was born in Shantou before he migrated to Thailand...

, with a paid up capital of 5 million baht. Its office was located on Anuwong Road, Samphantawong District, in Bangkok.

Later in 1956, the company relocated to Asia Building on Suapa Road in 1956. In 1964, the company was renamed to "Bangkok Insurance Company Limited". A new office was constructed on Silom Road in 1968. The company was listed on the Stock Exchange of Thailand

Stock Exchange of Thailand

The Stock Exchange of Thailand is the national stock exchange of Thailand. It is located in Bangkok. As of 31 December 2007, the Stock Exchange of Thailand had 541 listed companies with a combined market capitalization of $280 billion. The indices of the stock exchange are SET Index, SET50 Index...

 on . It was registered a public company in 1993. It moved to the business district at Bangkok Insurance Building on Sathon Tai Road in 1999.

Chairman Chin Sophonpanich already requested the royal appointment for the company on October 25, 1976. King Bhumibol Adulyadej

Bhumibol Adulyadej

Bhumibol Adulyadej is the current King of Thailand. He is known as Rama IX...

 bestowed the royal Garuda

Garuda

The Garuda is a large mythical bird or bird-like creature that appears in both Hindu and Buddhist mythology.From an Indian perspective, Garuda is the Hindu name for the constellation Aquila and...

 emblem on April 26, 2004. The occasion and was an honour for the company, the Buddhist ceremony was attended by management and the staff. The large Garuda statue at the headquarters symbolizes that privilege.

In 2010, the chairman and president was Chai Sophonpanich. The registered capital was 760.5 million baht.