Thai insurtech unveils acquisition of EasyCompare's broking arm

Company will absorb 30,000 clients following the transaction

Thai insurtech unveils acquisition of EasyCompare's broking arm

Insurance News

By Kenneth Araullo

Rabbit Care has announced a significant step towards expanding its presence in the car insurance brokerage sector with the acquisition of EasyCompare’s broker business, welcoming 30,000 clients from the latter.

With this acquisition, Rabbit Care stated that it is on track to achieve its targeted 2023 revenue growth of 50%, to consolidate its position in the industry. Additionally, the company foresees insurance premiums across all products exceeding THB4.5 billion for the current financial year.

To ensure a seamless transition for EasyCompare customers, Rabbit Care has appointed Thomas Maier, chief marketing officer, to concurrently oversee the position of chief operations officer.

“This transaction not only provides us access to a customer base of over 30,000 active clients but also connects us with at least 400,000 EasyCompare users who are considering insurance purchases. Our objective is to become an industry frontrunner, offering a world-class digital platform tailored to the needs of the Thai population,” said Michael M. Steibl, Rabbit Care co-founder and CEO.

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