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Thailand Insurance Report Q4 2011 - Product Image

Thailand Insurance Report Q4 2011

  • Published: October 2011
  • Region: Thailand
  • 87 Pages
  • Business Monitor International

FEATURED COMPANIES

  • AEGON
  • Allianz
  • BNP Paribas Cardif
  • HDI-Gerling
  • Liberty Mutual
  • Prudential Financial
  • MORE

For the time being, Thailand’s insurance sector appears to be booming. Life insurance premiums could rise by almost 20% this year.

It appears non-life penetration will rise quite sharply this year. However, there is no obvious catalyst for it to rise further in 2012-2015. The historical development of non-life insurance in Thailand indicates that long periods of stagnant/contracting penetration may be the norm. Over the longer-term, development of non-life insurance in Thailand will depend almost entirely on the trajectory of GDP growth.

As is the case in the rest of Asia, life insurance is an important and growing channel for organised savings. AIA is the dominant player, accounting for over one third of the premiums written.

There are various challenges. The non-life segment consists of dozens of sub-scale, mainly local operators. We suspect that there has not been discipline in pricing of risks. In the life segment, the local groups may find that lack of capital becomes a challenge.

The latest reports from the regulator and other commentators highlight how both the non-life and the life insurance segments are growing strongly through H111.

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Executive Summary
Table: Total Premiums, 2008-2015
Key Insights And Key Risks

SWOT Analysis
Thailand Insurance Industry SWOT
Thailand Political SWOT
Thailand Economic SWOT
Thailand Business Environment SWOT

Life Sector
Asia Pacific Life Sector Overview
Table: Asia Pacific Life Premiums, 2008-2015 (US$mn)
Thailand Life Sector Update
Table: Breakdown Of Premiums Income, 8M10
Life Industry Forecast Scenario
Table: Life Premiums ,2008-2015
Growth Drivers And Risk Management Projections
Population
Table: Insurance Key Drivers, Demographics 2008-2015

Non-Life Sector
Asia Pacific Non-Life Sector Overview
Table: Asia Pacific Non-life Premiums, 2008-2015
Thailand Non-Life Sector Update
Table: Breakdown Of Premium Income, 8M10
Non-Life Industry Forecast Scenario
Table: Non-Life Premiums, 2008-2015
Growth Drivers And Risk Management Projections
Macroeconomic Outlook
Table: Thailand Economic Activity, 2008-2015
Political Stability Outlook
Table: Asia Pacific Regional Security Ratings
Healthcare
Healthcare Insurance
Epidemiology
Table: Insurance Key Drivers, Disability-Adjusted Life Years 2008-2015
Motor
Table: Insurance Key Drivers, Autos 2008-2015
Tourism
Table: Insurance Key Drivers, Tourism 2008-2015
Islamic Finance

Insurance Risk/Reward Ratings
Table: Thailand’s Insurance Risk/Reward Ratings
Table: Asia Pacific Insurance Risk/Reward Ratings

Competitive Landscape
Competitive Landscape Analysis
Table: Ranking Of Life Companies By Gross Written Premiums, 8M10
Table : Rankings Of Non-Life Companies By Gross Written Premiums, 8M10

Company Profiles
Local Company Profiles
Dhipaya Insurance
Thai Life Insurance Company
Viriyah
Regional Company Profiles
Ageas
AEGON
AIA Group Limited
Allianz
Aviva
AXA
BNP Paribas Cardif
Chartis
HDI-Gerling
HSBC Insurance
ING Group
Liberty Mutual
Manulife
MetLife ALICO
Prudential Financial
Prudential plc
QBE
RSA
Sun Life Financial
The Principal
Zurich Financial Services

BMI Methodology
Insurance Risk/Reward Ratings
Table: Insurance Risk/Reward Indicators And Rationale
Table: Weighting Of Indicators

- Dhipaya Insurance
- Thai Life Insurance Company
- Viriyah
- Ageas
- AEGON
- AIA Group Limited
- Allianz
- Aviva
- AXA
- BNP Paribas Cardif
- Chartis
- HDI-Gerling
- HSBC Insurance
- ING Group
- Liberty Mutual
- Manulife
- MetLife ALICO
- Prudential Financial
- Prudential plc
- QBE
- RSA
- Sun Life Financial
- The Principal
- Zurich Financial Services

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