Magazine

Apr 2019

Read the latest edition of AIR and MEIR as an Interactive e-book

Country Profile


Thailand

Finding space in a crowded market

A snapshot of the life and non-life insurance market in Thailand where, companies are poised to capture growth opportunities in the coming years. 
 

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Life growth impacted by regulations, but insurers find impetus to innovate

Thailand’s second biggest life insurer, Muang Thai Life Assurance, is transforming itself into a data-driven company where dynamic pricing and personalised products will be regular features. 
 

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Growth drivers for life insurance market

Changes are afoot in Thailand’s life insurance industry. Prudential Life Assurance Thailand’s Yingyong Chiaravutthi provides some insights.
 

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On a firm footing after weathering 2011 floods

Bangkok-based Asian Re was set up with a development agenda in mind. Having been hit hard by the 2011 Thai floods, the company has fully recovered and is intent on playing a significant role in Thailand’s reinsurance market. 
 

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Thai Re predicts more underwriting discipline in 2019

Thailand’s national reinsurer believes upcoming solvency rules may lead to smaller general insurers seeking an exit.
 

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Thailand's oldest general insurer charts next stage of growth

Thai Paiboon Insurance believes digital will provide for a more even playing field for smaller insurers. 
 

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Growth in motor in Thailand

Bangkok Insurance believes that it is a good time to grow its motor portfolio, while embarking on digital enhancements to improve customer experience and efficiency. 
 

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In their Sunday best

We talk to one of the latest InsurTech start-ups to have made its mark on Thailand, and the steps it has taken to remain ‘future-ready’.
 

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