Thailand Insurance Sector Report 2023-2024

The Thai insurance industry is fragmented, with nearly 80 licenced insurers operating in the country. Nonetheless, Thailand's insurance density remains low, at around USD 381 per capita in 2021, significantly lower than the advanced Asia-Pacific economies' USD 3,512 per capita. The Thai insurance sector has significant growth potential due to low insurance density and penetration. Over the years, Thailand's life insurance industry has grown faster than its general insurers. As consumers become more aware of the importance of life insurance amid their growing health and wellness concerns during the COVID-19 pandemic, demand for life insurance will likely continue to outpace demand for general insurance.

This report provides a complete and detailed analysis of the "Insurance" sector for Thailand. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Insurance" sector in Thailand
• Crystallise the forces both driving and restraining this sector in Thailand
• Ascertain Thailand’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Thailand.
• Build a clear picture of trends, output and consumption for specific sub-sectors