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

Apr 2021

Market Profile


Great regulatory change in Thailand

Thailand’s insurance regulator would have to be one of the most active in the region – constantly looking for ways to make sure that the insurance landscape is fair and relevant. We spoke with the Office of Insurance Commission’s Dr Suthiphon Thaveechaiyagarn about the year ahead as well as the year just past.

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Preparing for a better year

Thailand is expected to see a recovery and slight growth to the economy in 2021, a welcome development following the tough year that COVID-19 brought.

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Digital channels grow, agents hold their own

Poor financial performance aside, the Thai life insurance market saw a number of interesting trends emerge last year including a surge in digital sales.

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Online insurance race heats up

InsurTechs play a leading role in the development of Thailand’s insurance industry.

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New capital bond rules will help insurers

As balance sheets in 2020 were stressed by pandemic-related events, insurance regulators in Southeast Asia, including Thailand, responded by relaxing insurers’ capital requirements temporarily.

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Patchy performance for Thai reinsurance

The Thai insurance industry is betting on health insurance to drive the growth of the industry in 2021 which will have a major impact on reinsurance business too.

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