2014-03-18 07:05:02 - Life Insurance in Thailand, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
Life insurance was the largest segment in the Thai insurance industry in 2012, accounting for 60.2% of the industry´s total written premium. The segment has strong growth potential because of a low insurance penetration rate of 2.7% and citizens´ rising disposable incomes.
The adverse impact of the 2011 Thai floods made people more aware of the need for cover. However, the segment may face temporary challenges such as the adverse economic conditions in Thailand during the first two quarters of 2013.
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