Synopsis
Timetric’s ’Non-Life Insurance in Thailand, Key Trends and Opportunities to 2020’ report provides a detailed outlook by product category for the Thailand non-life insurance segment, and a comparison of the Thailand insurance industry with its regional counterparts.
It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2011–2015) and forecast period (2015–2020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Thailand economy and demographics, explains the various types of natural hazard and their impact on the Thailand insurance industry, 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 the regulatory structure.
Summary
Timetric’s ’Non-Life Insurance in Thailand, Key Trends and Opportunities to 2020’ report provides in-depth market analysis, information and insights into the Thailand non-life insurance segment, including:
• The Thailand non-life segment’s detailed outlook by product category
• A comprehensive overview of the Thailand economy and demographics
• A comparison of the Thailand non-life insurance segment with its regional counterparts
• The various distribution channels in the Thailand non-life insurance segment
• Detailed analysis of natural hazards and their impact on the Thailand insurance industry
• Details of the competitive landscape in the non-life insurance segment in Thailand
• Details of regulatory policy applicable to the Thailand insurance industry
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Thailand:
• It provides historical values for the Thailand non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
• It offers a detailed analysis of the key categories in the Thailand non-life insurance segment, and market forecasts to 2020.
• It provides a comparison of the Thailand non-life insurance segment with its regional counterparts
• It analyzes the various distribution channels for non-life insurance products in Thailand.
• It analyzes various natural hazards and their impact on the Thailand insurance industry
• 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 Thailand non-life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Thailand non-life insurance segment.
• Assess the competitive dynamics in the non-life insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Thailand insurance industry, and their impact on companies and the industry’s future.
Key Highlights
• The Office of Insurance Commission (OIC), the insurance regulator, issued the Insurance Development Plan (2016–2020) on January 21, 2016, to develop the insurance industry and protect the rights of policyholders.
• The OIC has proposed to increase the minimum capital requirements for insurers under the new risk-based capital (RBC) 2 framework.
• The Ministry of Finance made amendments to regulations on foreign shareholding on January 18, 2017, allowing foreign insurers to acquire a 100% stake in domestic insurance companies.
• Rice crop insurance scheme became effective on July 3, 2017. The Bank for Agriculture and Agricultural Cooperatives (BAAC) is responsible for the implementation of the scheme.