Thailand Insurance Report Q3 2014 is a new market research publication announced by Reportstack. Strong growth has continued across the Thai insurance industry, with both the life and non-life sectors expanding by over 9% in 2013. 2014, however, is likely to see slower growth of approximately 4% in both markets. The non-life segment is underdeveloped, with per capita premiums unlikely to break USD100 in 2014, the majority of which is contributed by the automobile insurance line. Motor insurance remains our pick for strong growth, although health insurance is also set to grow at over 10% from 2014. The life sector is far larger than non-life in Thailand, with premiums totalling USD13.7bn in 2013, compared with just USD6.5bn in non-life. Within this, a small number of firms dominate, with the top 5 enjoying over 70% of premiums, led by AIA, with a 26% share. Growth in the sector will continue at rates of around 10% year-on-year (y-o-y) throughout the forecast period to 2018, by which time premiums will total over USD20bn, although any sustained political unrest risks significantly hampering this growth performance.
To view the table of contents and know more details please visit Thailand Insurance Report Q3 2014.
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