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The Siam Commercial Samaggi Insurance

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   The Siam Commercial Samaggi Insurance Public Co., Ltd.
The Siam Commercial Samaggi Insurance Public Co., Ltd.
Company History

      The Siam Commercial Samaggi Insurance Public Company Limited was founded on July 28, 1947 by His Excellency Phraya Manawarajsewi under its original name called in those days as the Samaggi Insurance Company Limited. Initially, the company was actually set up to operate insurance services for Thai people with a registered capital of Baht 0.6 Million. Following continuous growth and expansion, the company increased the registered capital to Baht 1 million and Baht 5 million in 1962 and 1963 respectively .The first office was located on Sri –Phraya Road and to keep abreast of its growth, the office was then moved to Manapan Building on Silom Road.

      In 1983, there was a major change when The Siam Commercial Bank Public Company Limited entered into business relationship with the company by becoming the major shareholder and participating in the company’s operation and management and eventually increasing the registered capital from Baht 5 million to Baht 25 million .

      On September 25, 1986, the company was authorized to be listed in the Stock Exchange of Thailand and in 1994 it obtained permission to register as a public company. Apart from those changes, the company made several relocations for its head office in order to cope with the gallop expansion. In 1984, the head office was moved to Sinthorn Building and once again to Kian-Nguan Building in 1988. Lastly in 1994, the company decided to build its new head office to meet the demand growth in future at the North Park Project, Vibhavadi-Rangsit Road and this is where its permanent office is currently in service.

      In July 1991, the company increased its capital by calling for the fully capital paid-up of Baht 150 million. In 2002 the company converted its par value from Baht 10 per share to Baht 5 per share and simultaneously increased its registered capital paid-up again from Baht 150 million to Baht 462 million.

      In 2001, another achievement was recorded when the company received ISO 9002 certification in motor insurance and in July 2002 it also received ISO 9001: 9002 certification covering all areas of its entire operations.

      On July 28, 2006, the company has changed its name to The Siam Commercial Samaggi Insurance Public Company Limited with an aim to promote its brand and image of the company to be well perceived by the public by using The Siam Commercial Bank Public Company Limited, a parent company, as a flagship. Also, it is to keep abreast of the bank’s master plan to focus the business more to be under SCB Group by integrating all subsidiaries to jointly represent SCB with the same name, logo and business plan. As of December 31, 2006, The Siam Commercial Bank holds 59.9% stake in the company. Nowadays, the company operates full array of products under its underwriting activities namely fire, marine cargo, motor and miscellaneous with successive growth.

      Currently, the company is going to 60th anniversary since it has operated its business with successive and long lasting expansion. This reflects a great achievement arising from commitment and responsibility both to policyholders and public. The company is strongly determined to improve quality of service and efficiency to cope with the country’s economic growth to be entrusted by our policyholders and shareholders with the slogan “Building quality service with strong financial status”

  Head Office
The Siam Commercial Samaggi Insurance Public Co., Ltd.
  The Siam Commercial Samaggi Insurance Public Co., Ltd.
(Formerly : Samaggi Insurance Public Co., Ltd.)
Address :
  2/4 Siam Commercial Samaggi Insurance Tower, 12th Floor,Northpark Project, Vipavadi-Rangsit Rd., Thung Song Hong, Luksi,Bangkok 10210
Tel :
Fax :
  0-2955-0150 - 1
E-mail :
Website :

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