Timetrics 'Life Insurance in Thailand, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Thailand life insurance segment, and a comparison of the Thailand insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and net earned premium during the review period (20112015) and forecast period (20152020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Thailand economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.
Timetrics 'Life Insurance in Thailand, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Thailand life insurance segment, including:
An overview of the Thailand life insurance segment
The Thailand life insurance segments growth prospects by category
A comprehensive overview of the Thailand economy and demographics
A comparison of the Thailand life insurance segment with its regional counterparts
The various distribution channels in the Thailand life insurance segment
Details of the competitive landscape in the life insurance segment in Thailand
Details of regulatory policy applicable to the Thailand insurance industry
This report provides a comprehensive analysis of the life insurance segment in Thailand:
It provides historical values for the Thailand life insurance segment for the reports 20112015 review period, and projected figures for the 20152020 forecast period.
It offers a detailed analysis of the key categories in the Thailand life insurance segment, and market forecasts to 2020.
It provides a comparison of the Thailand life insurance segment with its regional counterparts
It analyzes the various distribution channels for life insurance products in Thailand.
It profiles the top life insurance companies in Thailand and outlines the key regulations affecting them.
Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Thailand life insurance segment, and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Thailand life insurance segment.
Assess the competitive dynamics in the life insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Thailand insurance industry, and their impact on companies and the industry's future.
The Office of Insurance Commission (OIC), the insurance regulator, issued the Insurance Development Plan (20162020) on January 21, 2016, in order to develop the insurance industry and protect the rights of policyholders.
Bancassurance is the leading distribution channel for the life segment; it accounted for 50.6% of the total market commissions in 2015. Bancassurance is expected to remain the leading distribution channel over the forecast period, supported by long-term agreements between insurers and banks.
On March 6 2015, the Life Insurance Act amendment came into effect, which allows greater flexibility of operations and investments of insurance companies. The amendment allows life insurers to issue financial instruments, which can only be done to repay claimants under specific conditions.
The Ministry of Finance made amendments to regulations on foreign shareholding on January 18, 2017, allowing foreign insurers to acquire a 100% stake in domestic insurance companies.