JMT Network Services PCL and Axinan Thailand Co. Ltd. have established a joint-venture (JV) in Thailand. JMT Network Services is a subsidiary of Thailand conglomerate Jaymart Group, while Axinan Thailand Co. Ltd. is the Thai subsidiary of Axinan Group. The Singapore-headquartered Axinan Group operates the leading regional insurtech brand Igloo.

The JV will leverage Jaymart Group's vast retail reach and Igloo's market-leading insurance technology and capabilities to build Thailand's first true digital insurer. In this, the companies will design and deliver digitally-differentiated insurance products and cutting-edge/industry-leading insurtech solutions, tailored to businesses and consumers in Thailand.

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