BUSINESS

MTL upbeat despite drop in premiums

Business, Published on 23/08/2019

» Muang Thai Life Assurance (MTL), the country's second largest life insurer by total premiums, continued to see its premiums shrink by 13% from a year earlier for the five months through May, largely thanks to its premium portfolio restructuring in preparation for adoption of International Financial Reporting Standard 17 (IFRS17), starting from 2022.