Thailand Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Thai non-life insurance market had total gross written premiums of $12.4 million in 2022, representing a compound annual growth rate (CAGR) of 8.7% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $7.1 million, equivalent to 57.6% of the market's overall value.
- The Thailand non-life insurance market has experienced strong growth in the historic period. However, growth was at 5.0% in 2022, as compared to 5.1% in 2021.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Thailand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Thailand
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Thailand non-life insurance market with five year forecasts
- What was the size of the Thailand non-life insurance market by value in 2022?
- What will be the size of the Thailand non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Thailand non-life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Thailand's non-life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. How are leading players incorporating new technology into their business strategies?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 8 Company Profiles
- 8.1. Bangkok Insurance PCL
- 8.2. Dhipaya Insurance Public Co Ltd
- 8.3. Muang Thai Insurance PCL
- 8.4. The Viriyah Insurance Public Co Ltd
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Thailand non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Thailand non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Thailand non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Thailand non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Thailand non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Thailand non-life insurance market share: % share, by value, 2022(e)
- Table 7: Bangkok Insurance PCL: key facts
- Table 8: Bangkok Insurance PCL: Annual Financial Ratios
- Table 9: Bangkok Insurance PCL: Key Employees
- Table 10: Dhipaya Insurance Public Co Ltd: key facts
- Table 11: Dhipaya Insurance Public Co Ltd: Annual Financial Ratios
- Table 12: Dhipaya Insurance Public Co Ltd: Key Employees
- Table 13: Dhipaya Insurance Public Co Ltd: Key Employees Continued
- Table 14: Muang Thai Insurance PCL: key facts
- Table 15: Muang Thai Insurance PCL: Annual Financial Ratios
- Table 16: Muang Thai Insurance PCL: Key Employees
- Table 17: The Viriyah Insurance Public Co Ltd: key facts
- Table 18: The Viriyah Insurance Public Co Ltd: Key Employees
- Table 19: Thailand size of population (million), 2018–22
- Table 20: Thailand gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Thailand gdp (current prices, $ billion), 2018–22
- Table 22: Thailand inflation, 2018–22
- Table 23: Thailand consumer price index (absolute), 2018–22
- Table 24: Thailand exchange rate, 2017–21
- List of Figures
- Figure 1: Thailand non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Thailand non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Thailand non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Thailand non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Thailand, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Thailand, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Thailand, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Thailand, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Thailand, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Thailand, 2022
- Figure 11: Thailand non-life insurance market share: % share, by value, 2022(e)
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