Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2017


#180384

237pages

Timetric

$ 1950

In Stock


Synopsis

The report provides in depth market analysis, information and insights into the Thai personal accident and health insurance segment, including:

  • The Thai personal accident and health insurance segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Thai personal accident and health insurance segment
  • Detailed competitive landscape of the personal accident and health insurance segment in Thailand
  • Detailed regulatory framework of the Thai insurance industry
  • A description of the personal accident and health reinsurance segment in Thailand
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Thai personal accident and health insurance segment in comparison to other countries in the South-East Asian region

Executive summary

Written premiums generated in the Thai personal accident and health insurance segment accounted for 15% of the overall insurance industry’s gross written premium in 2012. The segment registered significant growth during the review period (2008–2012), at a compound annual growth rate (CAGR) of 12.1%. The health and personal accident categories were moderately concentrated in 2011, with the top five companies in the former accounting for 65% of the direct premium, and the top six companies in the latter accounting for 63%.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Thailand:

  • It provides historical values for Thai personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in the Thai personal accident and health insurance segment, along with market forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
  • It analyses the various distribution channels for personal accident and health insurance products in Thailand
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Thailand for the personal accident and health insurance segment
  • It provides a detailed analysis of the reinsurance segment in Thailand and its growth prospects
  • It profiles the top personal accident and health 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 Thai personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Thai personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
  • Identify the growth opportunities and market dynamics within key product categories
  • Gain insights into key regulations governing the Thai insurance industry and its impact on companies and the market's future

Key highlights

  • Written premiums generated in the Thai personal accident and health insurance segment accounted for 15% of the overall insurance industry’s gross written premium in 2012
  • The personal accident insurance category grew at a review-period CAGR of 8.6%, and is expected to register a CAGR of 9.1% over the forecast period (2013–2017)
  • The Thai government is expected to make health and travel insurance mandatory for foreign tourists visiting the country
  • With only 1% of the Thai population having taken private health insurance so far, and increases in disposable income expected, significant growth opportunities exist for the private health category
  • Personal accident and health policies are primarily distributed through brokers. In 2012, brokers were responsible for 53.6% of the gross written premium generated in the segment.