1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Thailand Insurance Report Q3 2016

Thailand Insurance Report Q3 2016

  • June 2016
  • -
  • Business Monitor International
  • -
  • 54 pages

Includes 3 FREE quarterly updates

BMI View: We continue to see Thailand as a market that, in world terms, is medium-sized and quite rapidlygrowing. Over the coming years, the life sector will continue to expand as the strong, leading companiesprovide new products to existing clients. In the non-life segment, price competition has hampered thegrowth of the important motor vehicle sub-sector and will likely continue to do so. Nevertheless, premiumgrowth should accelerate in 2016, and remain at over 8% per annum through the later years of the forecastperiod.

Latest Updates And Forecasts

- This quarter, we have recognised that we had underestimated premiums for 2015 and, in all probability2016. We have revised our forecasts accordingly. The economic slowdown in Thailand has, apparently,had little impact on the business of the leading life insurance companies. Looking forward, we look forlife premiums to rise by around 9% annually through much of the forecast period. Among wealthier Thaihouseholds, the general trend in disposable income will be upwards. The life insurers should be able toexploit this by making additional sales to existing clients.

- A major change this quarter is that we have revised downwards our forecasts for motor vehicle insurancepremiums by a substantial amount. Price competition has constrained the growth of premiums forvoluntary motor vehicle insurance. This change has been sufficiently large that it has had a significantimpact on our forecasts for the entire non-life segment. Nevertheless, we are still confident that the nonlifesegment can achieve premium growth of over 8% annually from 2017.

Table Of Contents

Thailand Insurance Report Q3 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Thailand 2013-2020) 5
Industry Forecast 7
Life Premiums Forecast 7
Table: Life Premiums (Thailand 2013-2020) 10
Table: Life Insurance Claims (Thailand 2008-2015) 10
Non-Life Premiums Forecast 11
Table: Non-Life Premiums (Thailand 2013-2020) 14
Table: Non-Life Insurance Claims (Thailand 2009-2015) 15
Non-Life Sub-Sector Forecast 16
Table: Non-Life Insurance Premiums by Product Line (Thailand 2013-2020) 24
Industry Risk Reward Ratings 26
Asia Pacific Industry Risk/Reward Index 26
Table: Asia Pacific Insurance Risk/Reward Index Q316 27
Market Overview 28
Life Market Overview 28
The Product Offering 28
Table: Life Premiums (USDmn), 2008-2014 29
The Competitive Landscape 30
Table: Life Market Shares (%), 2008-2014 31
Non-Life Market Overview 33
The Product Offering 33
Table: Non-Life Insurance Premiums (USDmn), 2007-2014 34
The Competitive Landscape 35
Table: Non-Life Market Shares (%), 2008-2014 35
Company Profile 37
AIA Group 37
Allianz 40
Muang Thai Life Assurance/Muang Thai Insurance 42
Prudential plc 45
Methodology 48
Industry Forecast Methodology 48
Risk/Reward Index Methodology 51
Table: Indicators 53
Table: Weighting of Indicators 54

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10 000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

UK Personal Insurance Distribution: Banks and Retailers

UK Personal Insurance Distribution: Banks and Retailers

  • $ 3 450
  • Industry report
  • June 2016
  • by Verdict Financial

Summary An affinity scheme is a partnership in which an insurer underwrites insurance to be distributed via another company whose primary product or service is not insurance. This includes banks and retailers ...

UK Travel Insurance: Market Dynamics and Opportunities 2016

UK Travel Insurance: Market Dynamics and Opportunities 2016

  • $ 3 450
  • Industry report
  • August 2016
  • by Verdict Financial

Summary The UK travel insurance market declined by 12.3% to £625.4m in gross written premium (GWP) in 2015. This is a result of fewer policies being written, in addition to rates that have been prevented ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.