, Thailand
Photo from Unsplash by Carlos Muza

Thailand’s insurance pricing flat in Q2

Overall pricing remains flat with a slight exception in casualty/liability pricing.

Insurance pricing in Thailand remained mostly flat during Q2 2024 with a minimal increase in the Casualty and Liability pricing, according to Global Market Insights. 

Pressure from international insurers and the cost of rising losses caused the market to compete to retain portfolios, offering flexible underwriting and modest price increases.

Automobile coverage represents about 60% of the local P&C market; hence, domestic insurers compete to retain and grow portfolios. 

The Cyber insurance was moderate too, with modest price reductions and a focus on cyber risk management and maturity. 

Economic downturn and fewer IPOs led to a soft Directors and Officers market conditions as insurers vied for few opportunities. 

While the Property market was generally moderate, appetite was limited for risks with poor risk management or unfavorable loss experience.

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Income-Allianz failed merger shows popular opinion is king
The deal faced backlash from Singaporeans who thought it betrayed Income’s social mission.
Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.