Insurance in Thailand

Insurance in Thailand

Summary

Insurance in Thailand industry profile provides top-line qualitative and quantitative Summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Thailand insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.
- The Thai insurance market had total gross written premiums of $24.1bn in 2017, representing a compound annual growth rate (CAGR) of 7.7% between 2013 and 2017.
- The life segment was the markets most lucrative in 2017, with total gross written premiums of $16.4bn, equivalent to 68% of the markets overall value.
- According to the Thai Office of Insurance Commission (OIC) there was a cut of first year premiums in new life insurance policies in 2016, the latest figures available. This is a result of the low interest rate environment that induces lower returns so that insurers are urged to cut premiums for stimulating demand. The non-life segment was mainly affected by weaker demand for motor insurance in line with a fall in car sales since 2014. MarketLine data shows that Thailands new car volumes declined with a compound annual rate of change of 11.8% between 2013 and 2017.

Scope

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

Reasons to buy

- What was the size of the Thailand insurance market by value in 2017?
- What will be the size of the Thailand insurance market in 2022?
- What factors are affecting the strength of competition in the Thailand insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Thailands insurance market?

Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
Bangkok Insurance PCL 24
Dhipaya Insurance Public Company Limited 27
Muang Thai Insurance PCL 30
The Viriyah Insurance Public Company Limited 33
Macroeconomic Indicators 34
Country data 34
Methodology 36
Industry associations 37
Related MarketLine research 37
Appendix 38
About MarketLine 38

List Of Tables


Table 1: Thailand insurance market value: $ billion, 2013-17
Table 2: Thailand insurance market category segmentation: $ billion, 2017
Table 3: Thailand insurance market geography segmentation: $ billion, 2017
Table 4: Thailand insurance market share: % share, by value, 2017
Table 5: Thailand insurance market value forecast: $ billion, 2017-22
Table 6: Bangkok Insurance PCL: key facts
Table 7: Bangkok Insurance PCL: key financials ($)
Table 8: Bangkok Insurance PCL: key financials (THB)
Table 9: Bangkok Insurance PCL: key financial ratios
Table 10: Dhipaya Insurance Public Company Limited: key facts
Table 11: Dhipaya Insurance Public Company Limited: key financials ($)
Table 12: Dhipaya Insurance Public Company Limited: key financials (THB)
Table 13: Dhipaya Insurance Public Company Limited: key financial ratios
Table 14: Muang Thai Insurance PCL: key facts
Table 15: Muang Thai Insurance PCL: key financials ($)
Table 16: Muang Thai Insurance PCL: key financials (THB)
Table 17: Muang Thai Insurance PCL: key financial ratios
Table 18: The Viriyah Insurance Public Company Limited: key facts
Table 19: Thailand size of population (million), 2013-17
Table 20: Thailand gdp (constant 2005 prices, $ billion), 2013-17
Table 21: Thailand gdp (current prices, $ billion), 2013-17
Table 22: Thailand inflation, 2013-17
Table 23: Thailand consumer price index (absolute), 2013-17
Table 24: Thailand exchange rate, 2013-17

List Of Figures


Figure 1: Thailand insurance market value: $ billion, 2013-17
Figure 2: Thailand insurance market category segmentation: % share, by value, 2017
Figure 3: Thailand insurance market geography segmentation: % share, by value, 2017
Figure 4: Thailand insurance market share: % share, by value, 2017
Figure 5: Thailand insurance market value forecast: $ billion, 2017-22
Figure 6: Forces driving competition in the insurance market in Thailand, 2017
Figure 7: Drivers of buyer power in the insurance market in Thailand, 2017
Figure 8: Drivers of supplier power in the insurance market in Thailand, 2017
Figure 9: Factors influencing the likelihood of new entrants in the insurance market in Thailand, 2017
Figure 10: Factors influencing the threat of substitutes in the insurance market in Thailand, 2017
Figure 11: Drivers of degree of rivalry in the insurance market in Thailand, 2017
Figure 12: Bangkok Insurance PCL: revenues & profitability
Figure 13: Bangkok Insurance PCL: assets & liabilities
Figure 14: Dhipaya Insurance Public Company Limited: revenues & profitability
Figure 15: Dhipaya Insurance Public Company Limited: assets & liabilities
Figure 16: Muang Thai Insurance PCL: revenues & profitability
Figure 17: Muang Thai Insurance PCL: assets & liabilities

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