PROJECT

Projects

Summary of Investment Information

Project Number

40653

Company Name

IGNITE THAILAND HOLDINGS LIMITED

Date SPI Disclosed

Jun 22, 2018

Country

Thailand

Region

East Asia and the Pacific

Projected Board Date

Jul 31, 2018

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Oct 26, 2018

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Aug 29, 2018
Signed : Oct 16, 2018
Invested : Oct 24, 2018

Sector

General Insurance (Non-Life)

Project Description

The project involves an equity investment of up to US$7 million in Roojai, a licensed online insurance broker in Thailand that began operations in 2015. Through Roojai’s web portal, mobile applications and call center, users can receive real-time quotes and purchase insurance online. Today, Roojai is focused on motor insurance with plans to diversify into other policy lines over time. Roojai partners with local insurer Krungthai Panich Insurance. Roojai is introducing both sophisticated risk-based underwriting practices and new policy features to the Thai marketplace. The business plans to ramp up its online customer acquisition and enlarge its policy book.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation