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  4. > Thailand Insurance Report Q4 2015

Thailand Insurance Report Q4 2015

  • September 2015
  • -
  • Business Monitor International
  • -
  • 69 pages

Includes 3 FREE quarterly updates

BMI View: Most trends in Thailand's insurance sector are positive and will remain in place throughout theforecast period. Life insurance is clearly very well established as a conduit for organised savings of thecountry's wealthier households. Well capitalised and innovative life insurers should be able to achievestrong growth in premiums through the forecast period, if not necessarily in 2015. In the non-life segment,most sub-sectors will grow as a result of the (likely) steady expansion of the economy, the development ofnew products and insurers' reaching out to new users.

The main problem is overcapacity in the motorvehicle sub-sector, which accounts for about half of all activity in the non-life segment: prices and marginsare under downwards pressure, and in a sub-sector where volume growth will probably be minimal.Thailand's insurance sector has many strengths. It is quite large in absolute terms. It is open to competitionfrom world class multi-nationals, many of whom operate in partnership with one of the leading indigenousgroups. Life insurance, in particular, is very well established as a conduit for organised savings from thosehouseholds who can afford to save. Most of the non-motor non-life lines have been growing strongly.

Table Of Contents

Thailand Insurance Report Q4 2015
BMI Industry View 7
SWOT 9
Political 10
Economic 11
Operational Risk 12
Industry Forecast 14
Life Premiums Forecast 14
Life Premiums 15
Table: Gross Life Premiums Written (Thailand 2012-2019) 16
Life Reinsurance Premiums 16
Table: Reinsurance Life Premiums Written (Thailand 2012-2019) 17
Life Claims 17
Table: Life Insurance Claims (Thailand 2007-2014) 17
Life Assets 18
Table: Assets (Thailand 2007-2014) 18
Life Insurance Drivers 18
Table: Life Expectancy by Gender (Thailand 2012-2019) 18
Table: Demographic Breakdown (Thailand 2012-2019) 19
Non-Life Premiums Forecast 20
Non-Life Premiums 21
Table: Gross Non-Life Premiums Written (Thailand 2012-2019) 21
Non-Life Reinsurance Premiums 21
Table: Reinsurance Non-Life Premiums Written (Thailand 2012-2019) 22
Non-Life Claims 22
Table: Non-Life Insurance Claims (Thailand 2007-2014) 23
Table: Non-Life Insurance Claims by Line (Thailand 2007-2014) 24
Non-Life Assets 24
Table: Assets (Thailand 2007-2014) 25
Non-Life Sub-Sector Forecast 26
Table: Non-Life % Breakdown (Thailand 2012-2019) 27
Motor and Transport Insurance 27
Table: Motor Vehicle Insurance (Thailand 2012-2019) 28
Table: Insurance Key Drivers, Autos (Thailand 2012-2019) 28
Table: Transport Insurance (Thailand 2012-2019) 29
Table: Insurance Key Drivers, Freight Tonnage (Thailand 2012-2019) 30
Property Insurance 30
Table: Property Insurance (Thailand 2012-2019) 31
Health and Personal Accident Insurance 31
Table: Health Insurance (Thailand 2012-2019) 31
Table: Insurance Key Drivers, Private Health Expenditure (Thailand 2012-2019) 32
Table: Personal Accident Insurance (Thailand 2012-2019) 33
General Liability Insurance 33
Table: General Liability Insurance (Thailand 2012-2019) 33
Industry Risk Reward Ratings 34
Asia Pacific Industry Risk/Reward Index 34
Table: Asia Pacific Insurance Risk/Reward Index 35
Market Overview 36
Life Market Overview 36
The Product Offering 36
Table: Life Premiums (USDmn), 2007-2013 37
The Competitive Landscape 38
Table: Life Market Shares (%), 2007-2013 38
Non-Life Market Overview 40
The Product Offering 40
Table: Non-Life Insurance Premiums (USDmn), 2007-2013 41
The Competitive Landscape 42
Table: Non-Life Market Shares (%), 2007-2013 42
Company Profile 44
Ageas 44
AIA Group 47
Allianz 50
Muang Thai Life Assurance/Muang Thai Insurance 52
Prudential plc 55
Demographic Forecast 58
Table: Population Headline Indicators (Thailand 1990-2025) 59
Table: Key Population Ratios (Thailand 1990-2025) 59
Table: Urban/Rural Population and Life Expectancy (Thailand 1990-2025) 60
Table: Population By Age Group (Thailand 1990-2025) 60
Table: Population By Age Group % (Thailand 1990-2025) 61
Methodology 63
Industry Forecast Methodology 63
Risk/Reward Index Methodology 66
Table: Indicators 68
Table: Weighting of Indicators 69

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ref:plp2015

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