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Just Released: "Life Insurance in Thailand, Key Trends and Opportunities to 2017"

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2013-12-17 14:34:27 - Fast Market Research recommends "Life Insurance in Thailand, Key Trends and Opportunities to 2017" from Timetric, now available

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.

Key Highlights

* Life insurance was the largest segment in the Thai insurance industry in 2012, accounting for 60.2% of the industry's total written premium
* Life insurance products are predominantly distributed through the bancassurance distribution channel
* The potential

for segmental growth can be gauged by the fact in 2012 around 25% of the country's population were covered by a life insurance policy
* All companies are required to have a capital adequacy ratio of at least 140% as of January 2014; over 90% of the country's life insurance companies have a capital adequacy ratio of 300%
* The Thai life insurance segment is highly concentrated, with the 10 leading insurers accounting for 93.0% of the total written premiums generated in 2011

Full Report Details at
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This report provides a comprehensive analysis of the life insurance segment in Thailand:

* It provides historical values for Thai life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in the Thai life insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for life insurance products in Thailand
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Thailand for the life insurance business
* It provides a detailed analysis of the reinsurance segment in Thailand and its growth prospects
* It profiles the top life insurance companies in Thailand and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast market data related to the Thai life insurance segment and each category within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Thai life insurance segment
* Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the Thai insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: AIA Insurance Thailand, Muang Thai Life Assurance Company Ltd, Thai Life Insurance Co., Ltd, Bangkok Life Assurance Ltd, SCB Life Assurance Public Company Ltd, Krungthai-Axa Life Insurance Public Company Ltd, Ayudhya Allianz CP Life Public Company Ltd, Ocean Life Insurance Company Ltd, ING Life Ltd, Thanachart Life Assurance Company Ltd

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.2 Market Trends
3.3 Market Size
4 Life Insurance - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total segment gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration as a percentage of GDP
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
5 Thai Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual supplementary
6.1.3 Group life insurance
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies
7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Porter's Five Forces Analysis - Thai Life Insurance
8.1 Bargaining Power of Supplier: Medium
8.2 Bargaining Power of Buyer: High
8.3 Barriers to Entry: Low-to-Medium
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low to Medium
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation Trends by Type of Insurance
10.2.1 Life insurance regulatory trends
10.2.2 Property insurance regulatory trends
10.2.3 Motor insurance regulatory trends
10.2.4 Marine, aviation and transit insurance regulatory trends
10.2.5 Personal accident insurance regulatory trends
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors
10.4.2 Office of Insurance Commission (OIC)

Full Table of Contents is available at:

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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