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Insurance in Thailand

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Details

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 USD 24.1bn in 2017, representing a compound annual growth rate (CAGR) of 7.7% between 2013 and 2017.

- The life segment was the market's most lucrative in 2017, with total gross written premiums of USD 16.4bn, equivalent to 68% of the market's 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 Thailand's 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 Thailand's insurance market?

READ MORE

Table Of Content

Scope

Table of Contents

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 Figure

List of Tables

Table 1: Thailand insurance market value: USD billion, 2013-17

Table 2: Thailand insurance market category segmentation: USD billion, 2017

Table 3: Thailand insurance market geography segmentation: USD billion, 2017

Table 4: Thailand insurance market share: % share, by value, 2017

Table 5: Thailand insurance market value forecast: USD billion, 2017-22

Table 6: Bangkok Insurance PCL: key facts

Table 7: Bangkok Insurance PCL: key financials (USD )

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 (USD )

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 (USD )

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, USD billion), 2013-17

Table 21: Thailand gdp (current prices, USD 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 Table

List of Figures

Figure 1: Thailand insurance market value: USD 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: USD 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

Licence Rights

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Section Purchase

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Products and Companies

Products

Financial Services, Insurance, MarketLine, Thailand


Companies

Bangkok Insurance PCL

Dhipaya Insurance Public Company Limited

Muang Thai Insurance PCL

The Viriyah Insurance Public Company Limited

Company Profile

Company Profile Title

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 USD 24.1bn in 2017, representing a compound annual growth rate (CAGR) of 7.7% between 2013 and 2017.

- The life segment was the market's most lucrative in 2017, with total gross written premiums of USD 16.4bn, equivalent to 68% of the market's 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 Thailand's 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 Thailand's insurance market?

READ MORE

Scope

Table of Contents

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 Figure

List of Tables

Table 1: Thailand insurance market value: USD billion, 2013-17

Table 2: Thailand insurance market category segmentation: USD billion, 2017

Table 3: Thailand insurance market geography segmentation: USD billion, 2017

Table 4: Thailand insurance market share: % share, by value, 2017

Table 5: Thailand insurance market value forecast: USD billion, 2017-22

Table 6: Bangkok Insurance PCL: key facts

Table 7: Bangkok Insurance PCL: key financials (USD )

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 (USD )

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 (USD )

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, USD billion), 2013-17

Table 21: Thailand gdp (current prices, USD 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 Table

List of Figures

Figure 1: Thailand insurance market value: USD 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: USD 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

Single User License:
Report can be used by individual purchaser only

Site License: 
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:  
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

INQUIRE FOR COVID-19 IMPACT ANALYSIS

Products

Financial Services, Insurance, MarketLine, Thailand


Companies

Bangkok Insurance PCL

Dhipaya Insurance Public Company Limited

Muang Thai Insurance PCL

The Viriyah Insurance Public Company Limited