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Non-Life Insurance in Thailand, Key Trends and Opportunities to 2018

  • May 2015
  • -
  • Timetric
  • -
  • 263 pages

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Synopsis
Timetric’s 'Non-Life Insurance in the Thailand, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Thai non-life insurance segment. It provides Key Performance Indicators (KPI) such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Summary
Timetric’s 'Non-Life Insurance in the Thailand, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Thai non-life insurance segment, including:

- The Thai non-life insurance segment’s growth prospects by non-life insurance category

- Key trends, drivers and challenges for the non-life insurance segment

- The various distribution channels in the Thai non-life insurance segment

- The detailed competitive landscape in the non-life insurance segment in Thailand

- Detailed regulatory policies of the Thai insurance industry

- Analysis of various consumer segments in Thai non-life insurance

- New product launches of the leading non-life insurers

- Key developments of the leading non-life insurers

Scope
This report provides a comprehensive analysis of the non-life insurance segment in Thailand:

- It provides historical values for Thailand’s non-life insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.

- It offers a detailed analysis of the key categories in Thailand’s non-life insurance segment, along with market forecasts until 2018.

- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

- It analyses the various distribution channels for non-life insurance products in Thailand.

- It profiles the top non-life insurance companies in Thailand and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Thai non-life insurance segment and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Thai non-life insurance segment.

- Assess the competitive dynamics in the non-life insurance segment.

- Identify the growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Thai insurance industry and their impact on companies and the industry's future.

Key Highlights
- Thailand’s non-life segment registered a review-period CAGR of 15.0% in terms of gross written premium.

- Rising vehicle sales and mandatory motor third-party insurance supported the growth of motor insurance during the review period.

- The Thai non-life insurance segment is moderately concentrated, with the 10 leading companies together accounting for 63.4% of the segment’s direct written premium in 2013.

- Expansions in product portfolios and programs were carried out by most non-life insurers during the review period, to increase consumer awareness and market share.

- According to Sophos’s 2013 Security Threat report, along with Indonesia and China, Thailand is one of the world’s three riskiest countries in terms of cybercrime.

- Frequent natural disasters in Thailand challenge the growth of non-life insurance. The country registered a number of natural disasters during the review period, including heavy floods and thunderstorms in 2013, followed by earthquakes in 2014.

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