Press release
Personal Accident and Health Insurance in Thailand Market 2017- By Plan Future Business Decisions Using the Forecast Figures 2020
Personal Accident and Health Insurance in Thailand
Synopsis
'Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Thailand personal accident and health insurance segment, and a comparison of the Thailand insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2011–2015) and forecast period (2015–2020).
The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Thailand economy and demographics, and provides detailed information on the competitive landscape in the country.
The report brings together 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 the regulatory structure.
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Summary
'Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Thailand personal accident and health insurance segment, including:
• An overview of the Thailand personal accident and health insurance segment
• The Thailand personal accident and health insurance segment’s growth prospects by category
• A comprehensive overview of the Thailand economy and demographics
• A comparison of the Thailand personal accident and health insurance segment with its regional counterparts
• The various distribution channels in the Thailand personal accident and health insurance segment
• Details of the competitive landscape in the personal accident and health insurance segment in Thailand
• Details of regulatory policy applicable to the Thailand insurance industry
Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Thailand:
• It provides historical values for the Thailand personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
• It offers a detailed analysis of the key categories in the Thailand personal accident and health insurance segment, and market forecasts to 2020.
• It provides a comparison of the Thailand personal accident and health insurance segment with its regional counterparts
• It provides an overview of 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.
Key points
• Make strategic business decisions using in-depth historic and forecast market data related to the Thailand personal accident and health insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Thailand personal accident and health insurance segment.
• Assess the competitive dynamics in the personal accident and health insurance segment.
• Identify growth opportunities and market dynamics in key product categories.
• Gain insights into key regulations governing the Thailand insurance industry, and their impact on companies and the industry's future.
Key Highlights
• The Ministry of Finance made amendments to regulations on foreign shareholding on January 18, 2017, allowing foreign insurers to acquire a 100% stake in domestic insurance companies.
• The government is considering a proposal to make travel insurance compulsory for foreign tourists.
• The formation of Association of Southeast Asian Nations (ASEAN) and the Asian Economic Community (AEC) on December 31, 2015 is expected to remove all trade barriers in the region, which will have a positive impact the segment’s growth.
• The Office of Insurance Commission (OIC), the insurance regulator, issued the Insurance Development Plan (2016–2020) on January 21, 2016, in order to develop the insurance industry and protect the rights of policyholders.
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