Insurance in Thailand

Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

– The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.

– The Thai insurance market had total gross written premiums of $26.5bn in 2018, representing a compound annual growth rate (CAGR) of 4.6% between 2014 and 2018.

– The life insurance segment was the market's most lucrative in 2018, with total gross written premiums of $18.0bn, equivalent to 68% of the market's overall value.

– As consumers are looking to secure themselves and their assets from any health condition, natural disasters or anything that could affect them and their assets to any extent.

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 2018?

- What will be the size of the Thailand insurance market in 2023?

- 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?

Companies mentioned

AIA Group Limited

Muang Thai Life Assurance Public Co Ltd

AXA SA

Thai Life Insurance Public Company Ltd

Table of Contents

Table of Contents

1 Executive Summary

1.1. Market value

1.2. Market value forecast

1.3. Category segmentation

1.4. Geography segmentation

1.5. Market share

1.6. Market rivalry

1.7. Competitive Landscape

2 Market Overview

2.1. Market definition

2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation

4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary

6.2. Buyer power

6.3. Supplier power

6.4. New entrants

6.5. Threat of substitutes

6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share

7.2. Who are the leading players?

7.3. What strategies do the leading players follow?

7.4. What has been the recent M&A activity?

8 Company Profiles

8.1. AIA Group Limited

8.2. Muang Thai Life Assurance Public Co Ltd

8.3. AXA SA

8.4. Thai Life Insurance Public Company Ltd

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology

10.2. Industry associations

10.3. Related MarketLine research

10.4. About MarketLine

List of Tables

List of Tables

Table 1: Thailand insurance market value: $ billion, 2014–18

Table 2: Thailand insurance market category segmentation: $ billion, 2018

Table 3: Thailand insurance market geography segmentation: $ billion, 2018

Table 4: Thailand insurance market value forecast: $ billion, 2018–23

Table 5: Thailand insurance market share: % share, by value, 2018

Table 6: AIA Group Limited: key facts

Table 7: AIA Group Limited: Annual Financial Ratios

Table 8: AIA Group Limited: Key Employees

Table 9: Muang Thai Life Assurance Public Co Ltd: key facts

Table 10: Muang Thai Life Assurance Public Co Ltd: Key Employees

Table 11: AXA SA: key facts

Table 12: AXA SA: Annual Financial Ratios

Table 13: AXA SA: Key Employees

Table 14: AXA SA: Key Employees Continued

Table 15: AXA SA: Key Employees Continued

Table 16: AXA SA: Key Employees Continued

Table 17: Thai Life Insurance Public Company Ltd: key facts

Table 18: Thai Life Insurance Public Company Ltd: Key Employees

Table 19: Thai Life Insurance Public Company Ltd: Key Employees Continued

Table 20: Thailand size of population (million), 2014–18

Table 21: Thailand gdp (constant 2005 prices, $ billion), 2014–18

Table 22: Thailand gdp (current prices, $ billion), 2014–18

Table 23: Thailand inflation, 2014–18

Table 24: Thailand consumer price index (absolute), 2014–18

Table 25: Thailand exchange rate, 2014–18

List of Figures

List of Figures

Figure 1: Thailand insurance market value: $ billion, 2014-18

Figure 2: Thailand insurance market category segmentation: % share, by value, 2018

Figure 3: Thailand insurance market geography segmentation: % share, by value, 2018

Figure 4: Thailand insurance market value forecast: $ billion, 2018-23

Figure 5: Forces driving competition in the insurance market in Thailand, 2018

Figure 6: Drivers of buyer power in the insurance market in Thailand, 2018

Figure 7: Drivers of supplier power in the insurance market in Thailand, 2018

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Thailand, 2018

Figure 9: Factors influencing the threat of substitutes in the insurance market in Thailand, 2018

Figure 10: Drivers of degree of rivalry in the insurance market in Thailand, 2018

Figure 11: Thailand insurance market share: % share, by value, 2018

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