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Thailand Non-Life Insurance Market to 2027

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    Report

  • 44 Pages
  • November 2023
  • Region: Thailand
  • MarketLine
  • ID: 5927945
Non-Life Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
  • The Thai non-life insurance market had total gross written premiums of $8.1 billion in 2022, representing a compound annual growth rate (CAGR) of 4.4% between 2017 and 2022.
  • The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $4.5 billion, equivalent to 54.8% of the market's overall value.
  • The dominant share of the motor insurance segment in the country is attributed to mandatory car insurance by law enforced by the country’s government.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Thailand
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Thailand
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Thailand non-life insurance market with five year forecasts

Reasons to Buy

  • What was the size of the Thailand non-life insurance market by value in 2022?
  • What will be the size of the Thailand non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Thailand non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Thailand's non-life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. How are leading players incorporating new technology into their business strategies?
8 Company Profiles
8.1. Bangkok Insurance PCL
8.2. Dhipaya Insurance Public Co Ltd
8.3. Muang Thai Insurance PCL
8.4. The Viriyah Insurance Public Co Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: Thailand non-life insurance market value: $ billion, 2017-22
Table 2: Thailand non-life insurance market category segmentation: % share, by value, 2017-2022
Table 3: Thailand non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Thailand non-life insurance market geography segmentation: $ billion, 2022
Table 5: Thailand non-life insurance market value forecast: $ billion, 2022-27
Table 6: Thailand non-life insurance market share: % share, by value, 2022
Table 7: Bangkok Insurance PCL: key facts
Table 8: Bangkok Insurance PCL: Annual Financial Ratios
Table 9: Bangkok Insurance PCL: Key Employees
Table 10: Dhipaya Insurance Public Co Ltd: key facts
Table 11: Dhipaya Insurance Public Co Ltd: Annual Financial Ratios
Table 12: Dhipaya Insurance Public Co Ltd: Key Employees
Table 13: Muang Thai Insurance PCL: key facts
Table 14: Muang Thai Insurance PCL: Annual Financial Ratios
Table 15: Muang Thai Insurance PCL: Key Employees
Table 16: Muang Thai Insurance PCL: Key Employees Continued
Table 17: The Viriyah Insurance Public Co Ltd: key facts
Table 18: The Viriyah Insurance Public Co Ltd: Key Employees
Table 19: Thailand size of population (million), 2018-22
Table 20: Thailand gdp (constant 2005 prices, $ billion), 2018-22
Table 21: Thailand gdp (current prices, $ billion), 2018-22
Table 22: Thailand inflation, 2018-22
Table 23: Thailand consumer price index (absolute), 2018-22
Table 24: Thailand exchange rate, 2018-22
List of Figures
Figure 1: Thailand non-life insurance market value: $ billion, 2017-22
Figure 2: Thailand non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Thailand non-life insurance market geography segmentation: % share, by value, 2022
Figure 4: Thailand non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Thailand, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Thailand, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Thailand, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Thailand, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Thailand, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Thailand, 2022
Figure 11: Thailand non-life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bangkok Insurance PCL
  • Dhipaya Insurance Public Co Ltd
  • Muang Thai Insurance PCL
  • The Viriyah Insurance Public Co Ltd