Thailand Insurance Sector Report 2024-2025

The Thai insurance industry is highly fragmented, with approximately 80 licenced insurers conducting business there. Nevertheless, Thailand's insurance density remains extremely low, at approximately USD 369 per capita in 2022, substantially lower than the USD 3,096 per capita of the advanced Asia-Pacific economies. The insurance sector in Thailand has substantial growth potential due to its low insurance density and penetration. Thailand's life insurance sector has expanded faster than its general insurers. The demand for life insurance is expected to exceed that of general insurance as consumers become more cognizant of the significance of life insurance in light of their increasing health and wellness concerns during the COVID-19 pandemic.

This report provides a complete and detailed analysis of the "Banking and 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 "Banking and 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