Thailand
Thai non-life insurance segment to dwindle 5.6% this year
Thai non-life insurance segment to dwindle 5.6% this year
The motor insurance market will fall 6%.
Thai life insurers to suffer further decay this year
Premiums are likely to drop 1.6%.
Prudential Thailand, TMB Bank sign bancassurance venture
The insurer will provide health solutions to TMB clients for 15 years.
Thai general insurance to hit $9.1b in 2019
Gross written premiums reached a CAGR of 3.1% between 2014 and 2018.
Thailand unveils insurance policy for tourists
Premiums start from $13 per trip, up to seven days.
Hong Kong's FWD Group in talks to acquire Siam Commercial Bank's life insurance business
The firms were previously in talks for a possible $3b sales of SCB Life Insurance.
Thai life assurance business premiums up 5% to $9.38b in H1
Bancassurance and insurance agents drove growth.
Aetna International launches health clinic in Thailand
The family clinic, located in Nichada district, aims to provide community healthcare services.
Thai Insurance to grow 7.63% in 2017
With foreign shareholding now allowed at more than 49%, Thailand’s life and non-life companies stand to gain even more. KrungThai-AXA Life’s (KTAXA) annual growth of 23%, 13% above market growth, may increase further, as foreign investors and insurers look to Thailand as a springboard for regional expansion. Other firms such as AIA, Muang Thai Life, and Thai Life Insurance have grown nearly as fast and are expected to reach new highs in 2017 due to the further strengthening of Thailand’s economy.
Commentary
Navigating risk strategies for decommissioning traditional power plants