Thailand
Thailand focuses on industry transparency standards
In the past year, the association was able to achieve four missions.
Thailand focuses on industry transparency standards
In the past year, the association was able to achieve four missions.
Roojai plans to become full-stack digital insurer with acquisition
In July 2023, Roojai acquired FWD General Insurance.
Thai-based Sunday acquires Indonesian insurer
Sunday now holds a 99% stake in PT KSK Insurance.
6 of 10 Thais are confident in sharing data for personalised coverage
Key factors like value for money, affordable premiums, and brand trust remain significant influences on insurance purchasing decisions.
Muang Thai Life to see improved new business value growth: Fitch Ratings
MTL has witnessed a modest earnings recovery during the third quarter of 2023.
Association predicts 2.0%-4.0% growth for Thai life insurance
The industry forecast is within the government’s target of 2.2% to 3.2% for 2024.
Steady outlook seen for Thai Reinsurance Public: Fitch Ratings
Growth is expected in the accident and health sectors.
Roojai acquires Indonesian insurer, Lifepal
The collaboration aims to enhance product offerings and both online and offline distribution channels.
Prudential partners with CIMB Thai for bancassurance venture
The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.
Thailand to offer health insurance for non-locals: Report
It aims to expand healthcare for stateless and non-Thai individuals.
Thailand’s general insurance market to generate $11b by 2027 – GlobalData
Motor insurance accounts for 54.8% of the GWP in 2022, and is expected to grow by 5.6% in 2023.
Miller makes a mark in Thailand’s energy sector
Miller will collaborate with CIS to serve energy clients in Thailand.
Thai insurtech acquires DirectAsia
DirectAsia will rebrand to Roojai Thailand.
Chubb names new head of P&C for Thailand
He has been with Chubb for nearly 10 years.
Igloo brings new addition to Thailand operations
John Chen will oversee strategic partnerships and collaborations in Thailand.
More than half of Thai policyholders willing to share more information for personalised insurance coverage: Survey
Income protection policyholders want more detailed coverage.
Thai online insurance provider acquires FWD General Thailand
FWD General was previously acquired by Singapore-based bolttech.
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1. Allianz-Income merger in limbo as parties weigh new rules 2. India's life insurance growth slows to 10.6% in October 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. bolttech secures $50m venture debt from HSBC, expands market 5. Life insurance premiums forecast to grow by 3% yearly until 2026Resource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
