Thailand's insurance policies grow 6.13% in Q2

Number of policies increased 6.13% YoY.

The general insurance industry in Thailand saw its second-quarter 2024 (Q2 2024) direct premiums slightly inched up 0.43% year-on-year (YoY) to $4.10b (THB141.4b), data from the Thai General Insurance Association showed.

Likewise, the industry’s number of policies increased 6.13% YoY to 37.51 million.

The quarter’s net written premiums slightly fell 0.60% to $3.02b (THB104b), whilst net earned premiums were neutral at 0.8% to $2.95b (THB101.6b).

($1.0 = THB34.7)