Background
OSI was incorporated on 13 June 1997 as a limited liability company incorporated under the laws of Thailand and changed its status to a public company on 26 December 2012. The major shareholder then, was Osotspa, a huge producer and distributor of Thai beverage with diversified businesses in varied industries including Pharmaceutical, Glass, Education and Insurance.
A substantial percentage of OSI business came from the Osotspa group of companies. OSI also had an in-house broker, Permpoonsub Broker Company Limited (“PPS”) which was incorporated on 30 August 1996.
The acquisition of OSI and PPS was completed in May 2014, setting the stage for Tune Insurance’s foray into Thailand.