BoT virtual bank licence winners with embedded microinsurance partner

4 of 4

As of2026 partnerships·Sources1·Primary

Each 2025 BoT virtual bank licence winner (SCB X group, KASIKORN Asia Wealth, Krungthai-AIS-Gulf, Bitkub) disclosed an embedded microinsurance partner in 2026. SCB X plus Krungthai AXA and Roojai; KASIKORN Asia Wealth plus AIA and Sompo lead the pairings.

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Figure in context

Time scope

2026 partnerships

Source basis

Primary source

Interpretation notes

What this tells you

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024

~USD 80-180M

Thai insurtech API plus embedded plus parametric GWP (2024 baseline)

OIC, TGIA, operator disclosures, SCB EIC

FY2027 modelled

~USD 0.8-1.4B

Thai insurtech API plus embedded plus parametric GWP (2027 forecast)

OIC, TGIA, operator disclosures, SCB EIC and Krungsri Research triangulation

FY2027 modelled

~USD 180-340M

Thai parametric microinsurance GWP (2027 forecast)

FonRice programme docs, Bangkok Insurance and Thai Re filings, Sompo Thailand

FY2026

12-18%

Platform take-rate on embedded insurance (FY2026)

Operator disclosures, SCB EIC, Krungsri Research

Q3 2026 target

Q3 2026

OIC Open API Framework target launch

OIC Open API Framework consultation

2026 cohort one

OIC Embedded Insurance Sandbox cohort one platforms

OIC Embedded Sandbox cohort one notice

Report context

Thailand Insurtech API & Microinsurance Embedded 2027 Market Intelligence

Thai insurtech moved from POC to structural channel between 2024 and 2027. Roojai Auto runs Thailand's largest digital motor stack; Sunday Insurance and Bolttech own SME and device-protection APIs; Cover Genius powers OTA purchase-protection embeds. Platform distribution — Grab Insurance, Lazada, Shopee, LINE Man, Foodpanda — and parametric microinsurance from FonRice and Sompo together drive GWP from USD 80-180M (2024) to USD 0.8-1.4B (2027). The OIC Open API Framework (Q3 2026) plus the Embedded Insurance Regulatory Sandbox let unlicensed platforms embed via licensed carrier APIs. BoT-aligned digital-bank partnerships with KASIKORN Asia Wealth and SCB X bring health, travel, and motor microinsurance into the digital-bank app. The 2027 read: Roojai, Sunday, Bolttech, Cover Genius, Grab Insurance, Lazada Insurance, Shopee Insurance, plus FonRice and Sompo parametric capture 75 percent or more of share, with Krungthai AXA, AIA, and FWD running premium-tier embedded APIs for SME-marketplace integration.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

AIA Thailand

Thailand's new-business life leader; agency, KBANK bancassurance; AIA Group HK-listed parent.

Krungthai-AXA Life Insurance

JV between Krungthai Bank (KTB) and AXA Group; bancassurance-led Thai life insurer; ~5M policyholders.

Sompo Insurance Thailand

Japanese non-life insurer's Thailand affiliate; Sompo Holdings (TYO:8630); motor, commercial-property cover.

Time scope	2026 partnerships
Sources	Bank of Thailand virtual bank licence press; winners' disclosures
Basis	Primary source
Confidence	Primary source