VGI Global Media PCL increases shareholding in Thailand’s leading financial online brokerage rabbit finance

VGI Global Media PCL increases shareholding in Thailand’s leading financial online brokerage rabbit finance

rabbit finance offers digital insurance and banking products to modern Thai consumers. The company has expanded fast over the last four years, growing over 200% per year, fueled by strong consumer demand. rabbit finance is a fully licensed OIC brokerage with both life and non-life licenses under the company name Rabbit Insurance Broker Company Limited.

As of March 21, 2017, VGI Global Media PCL, Thailand’s leading digital multi-channel media company, provider of out-of-home and online advertising services, became majority shareholder of rabbit finance through acquisition of the rabbit holding entity BSS Holdings Company Limited. VGI is a subsidiary of the BTS Group and listed on the stock exchange of Thailand.

At rabbit finance consumers can compare a wide range of financial products such as personal loans and credit cards as well as motor, life, health and travel insurance products. Under the corporate insurance division, the company also offers group health insurance, director liability insurance as well as property and construction insurance, to product management and staff.

Mr. Michael Steibl, Managing Director of Rabbit Insurance Broker Company Limited, said: “The company has forged long term relations with the leading insurer and banks such as Viriyah, Bangkok Insurance or Muang Thai Insurance as well as Thanachart Bank and Citibank to develop the best products for the market. Besides that we are raising financial literacy and providing more transparency through educational content”.

Mr. Andre Prenzlow, Co-Founder and Technical Director of Rabbit Insurance Broker Company Limited, agrees that “With the new shareholder VGI Global Media PCL, rabbit finance has confidence that our business is heading to become market leader for insurance distribution. Our company originally grew strongly with motor insurance. Within the next three month we will launch Thailand’s first online health insurance as well as roll out our travel insurance platform.”  

About rabbit finance

rabbit finance is the official website of the licensed OIC brokerage Rabbit Insurance Broker Company Limited.  Thailand’s leading online insurance broker, a subsidiary of VGI Global Media PCL, holds both non-life and life insurance license.  The independent insurance and financial comparison portal has grown rapidly over the last four years driven by the strong demand of Thai consumer to compare prices online.  The company runs by Michael M. Steibl offers a wide range of financial products such as personal loans and credit cards as well as motor, life, health and travel insurance products.  Under the corporate insurance division, the company also offers group health insurance, director liability insurance as well as property and construction insurance, to product management and staff.