Thailand Insurance Sector Report 2025-2026

The Thai insurance industry is highly fragmented, with approximately 80 licensed insurers operating in the country. Nevertheless, Thailand's insurance density at approximately USD 384 per capita in 2023 is significantly lower than the USD 3,204 per capita of the advanced Asia-Pacific economies. The insurance sector in the country has significant growth potential due to its low insurance density and penetration. Thailand's life insurers have grown faster than its general insurers. As consumers become more aware of the importance of life insurance in response to their growing health and wellness concerns during the COVID-19 pandemic, it is anticipated that the demand for life insurance will surpass that of general insurance.

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