Reinsurance in Thailand, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 07:10:04
Thailand´s reinsurance segment is dominated by foreign reinsurers. In terms of gross written premium, the segment grew at a review-period (2008â2012) CAGR of 2.3%. It is expected to grow at a forecast-period (2012â2017) CAGR of 2.8%.
During the review period, facultative reinsurance recorded a decline and went from accounting for 29% of the segment in 2008 to 19.9% in 2012. In contrast, treaty reinsurance recorded an increase from 71.0% in 2008 to 80.1% in 2012. This can be predominantly attributed to the 2011 floods.
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