2014-03-18 07:07:00 - Non-Life Insurance in Thailand, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
The Thai non-life insurance segment grew at a review-period (2007â2012) CAGR of 7.6% due to an expanding economy and a rise in the disposable incomes of Thai citizens. The impact has primarily been an increase in the number of automobiles purchased, which led to an increase in the value of motor insurance gross written premiums.
In 2011, the destruction from floods influenced both individuals and businesses to take out insurance or enhance cover on properties and inventories. As a result, the non-life insurance segment is expected to register a CAGR of 7.1% between 2012 and 2017.
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