Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2018


#281501

232pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Thailand, Key Trends and Opportunities to 2018' 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 category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Thai personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Thailand
  • Detailed regulatory policies of the Thai insurance industry
  • Analysis of various consumer segments in Thai personal accident and health insurance
  • New product launches of the leading personal accident and health insurers
  • Key developments of the leading personal accident and health insurers

Executive summary

  • Timetric’s 'Personal Accident and Health Insurance in the Thailand, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Thai personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country. 
  • The report brings together Timetric’s 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 regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Thailand:
  • It provides historical values for the Thai personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Thai personal accident and health insurance segment, along with market forecasts until 2018.
  • 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.
  • 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 in the Thai personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Thai insurance industry and their impact on companies and the industry's future.

Key highlights

  • The personal accident and health insurance segment is the smallest in Thailand’s insurance industry in terms of gross written premium, accounting 14.4% of the gross written premium in 2013.
  • The number of outbound tourists is expected to increase at a CAGR of 6.1% over the forecast period.
  • The Tourism Authority of Thailand (TAT) has begun to promote medical tourism through official websites, highlighting the treatments available.
  • During the review period, many insurers increasingly used agencies and brokers to increase their sales. In September 2013, Cigna Insurance (Thailand) made an agreement with leading Thai broker: Tesco Lotus, for the sale of personal accident insurance. 
  • Fraud and crime in the Thai personal accident and health insurance increased at a CAGR of 13.0% during the review period. 
  • The personal accident and health insurance segment is concentrated, with the 10 leading insurers accounting for 73.5% of the direct written premiums generated in 2013.