Thailand Insurance Report Q4 2012

  • ID: 2258551
  • October 2012
  • Region: Thailand
  • 97 pages
  • Business Monitor International
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The Thailand Insurance Report provides industry professionals and strategists, corporate analysts, insurance associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Thailand's insurance industry.

Key Insights And Key Risks:

The Thailand Insurance Report considers the prospects for both life and non-life insurers in the country.

BMI continues to rate Thailand as a medium-sized, but rapidly growing insurance market that is undergoing transition. Both segments are rising at double digit rates. In the life segment, the increase in business is coming – as far as we can see – from the wealthiest 24% of the population that already use life insurance. Over the last year or so, we have highlighted initiatives from the major companies such as: the development of new products; expanded agency networks; increases to agent productivity; bancassurance deals, and the development of direct sales and other distribution channels. In short, life insurance is developing further as an already quite important conduit for those households who can afford it. The major life companies responded very well to the challenges READ MORE >

Note: Product cover images may vary from those shown
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Executive Summary 5
Table: Total Premiums, 2009-2016 5

Key Insights And Key Risks 5

SWOT Analysis 7

Thailand Insurance Industry SWOT 7

Thailand Political SWOT 8

Thailand Economic SWOT 9

Thailand Business Environment SWOT 10

Life Sector 11

Asia Pacific Life Sector Overview 11
Table: Asia Pacific Life Premiums, 2009-2016 (US$mn) 11

Thailand Life Sector Update 13

Life Industry Forecast Scenario 16
Table: Life Premiums, 2009-2016 16

Growth Drivers And Risk Management Projections 17

Population 17
Table: Insurance Key Drivers, Demographics, 2009-2016 17

Non-Life Sector 19

Asia Pacific Non-Life Sector Overview 19
Table: Asia Pacific Non-Life Premiums, 2009-2016 19

Thailand Non-Life Sector Update 21

Non-Life Industry Forecast Scenario 23
Table: Non-Life Premiums, 2009-2016 23

Growth Drivers And Risk Management Projections 24

Macroeconomic Outlook 24
Table: Thailand Economic Activity, 2011-2016 26

Political Stability Outlook 26
Table: Asia Pacific Regional Security Ratings 28

Healthcare Insurance 29
Table: Various Healthcare Scheme in Thailand 30

Epidemiology 30
Table: Insurance Key Drivers, Disability-Adjusted Life Years, 2009-2016 31

Motor 34

Islamic Finance 35

Insurance Risk/Reward Ratings 36
Table: Thailand’s Insurance Risk/Reward Ratings 36
Table: Asia Pacific Insurance Risk/Reward Ratings 37

Competitive Landscape 39

Competitive Landscape Analysis 39

Major Players In Thailand’s Insurance Sector 42
Table: Ranking Of Life Companies By Gross Written Premiums, 8M10 43
Table: Rankings Of Non-Life Companies By Gross Written Premiums, 8M10 44

Company Profiles 47

Thailand Insurance Report Q4 2012

© Business Monitor International Ltd

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Ageas 47

AIA Group 50

AIG 55

Allianz 59

AXA 62

Bangkok Life Assurance/Bangkok Insurance 65

BNP Paribas Cardif 68

Fairfax Financial Holdings 71

Manulife Financial 75

Muang Thai Life Assurance/Muang Thai Insurance 78

Prudential plc 80

QBE Insurance Group 85

Demographic Outlook 88
Table: Population By Age Group, 1990-2020 (‘000) 89
Table: Population By Age Group, 1990-2020 (% of total) 90
Table: Key Population Ratios, 1990-2020 91
Table: Rural/Urban Population Split, 1990-2020 91

BMI Methodology 92

Insurance Risk/Reward Ratings 93
Table: Insurance Risk/Reward Indicators And Rationale 94
Table: Weighting Of Indicators 95

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown


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Our Clients

  • Transatlantic Holdings, Inc.
  • Aon Plc.
  • Swiss Reinsurance Company Ltd.
  • Prudential Financial, Inc.
  • General Reinsurance Corporation
  • ING Group