Thailand

The insurer will provide health solutions to TMB clients for 15 years.

Gross written premiums reached a CAGR of 3.1% between 2014 and 2018.

Premiums start from $13 per trip, up to seven days.

The firms were previously in talks for a possible $3b sales of SCB Life Insurance.

Bancassurance and insurance agents drove growth.

The family clinic, located in Nichada district, aims to provide community healthcare services.

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.