Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance

Thailand Insurance Report Q1 2014 - New Study Released


Print article Print article
2013-12-23 18:19:38 - Fast Market Research recommends "Thailand Insurance Report Q1 2014" from Business Monitor International, now available

As of late 2013, most of the trends in Thailand's insurance sector are positive. The economic environment is generally favourable. The resilient non-life companies have been able to pass on (substantially) increased reinsurance costs. Meanwhile, the life segment is growing steadily thanks in part to initiatives by the major life companies in relation to product development and distribution.

Key Insights And Key Risks

BMI continues to rate Thailand as a medium-sized, but rapidly growing insurance market that is undergoing transition. Both segments are rising at double-digit rates. In the life segment, the increase in business is coming - as far as we can see - from the wealthiest 24% of the population that already use life insurance. Over the last year or

so, we have highlighted initiatives from the major companies such as: the development of new products; expanded agency networks; increases to agent productivity; bancassurance deals, and the development of direct sales and other distribution channels. In short, life insurance is developing further as an important conduit for those households who can afford it. In the meantime, the revised mortality tables mean that life insurance customers will probably enjoy a reduction in rates and premiums over the next year or so.

Full Report Details at
- www.fastmr.com/prod/754678_thailand_insurance_report_q1_2014.asp ..

As of late 2013, it is clear that floods of 2011 have had a profound impact on the non-life segment. Substantial hikes in reinsurance costs have been passed on to customers by way of across-the-board, and large rises, in prices and rates in all lines (including motor, which accounts for about half of all premiums written). Some of the non-life insurers' corporate customers have clearly had problems in paying for flood cover, if they have been able to get it at all, in 2012. However, the non-life segment as a whole has been boosted by Thailand's economic recovery in the wake of the floods. Non-life penetration has clearly shifted upwards, having been kept down by the competitive pressures of a fragmented segment for years.

Report Table of Contents:

BMI Industry View
- Table: Total Premiums, 2010-2017
SWOT
- Insurance
- Political
- Economic
- Business Environment
Industry Forecast
- Life
- Table: Life Premiums, 2010-2017
- Non-Life
- Table: Non-Life Premiums, 2010-2017
Industry Risk Reward Ratings
- Thailand Insurance Risk/Reward Ratings
- Table: Thailand's Insurance Risk/Reward Ratings
- Asia Pacific Industry Risk/Reward Ratings
- Table: Asia Pacific Insurance Risk/Reward Ratings
Market Overview
- Life Sector Update
- Non-Life Sector Update
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Population
- Table: Insurance Key Drivers, Demographics, 2010-2017
- Non-Life Growth Drivers and Risk Management Projections
- Macroeconomic Outlook
- Table: Thailand - Economic Activity
- Political Stability Outlook
- Table: Asia Pacific Regional Security Ratings
- Healthcare System
- Healthcare Insurance
- Recent Health Insurance Developments
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years, 2010-2017
- Motor
- Table: Insurance Key Drivers, Autos, 2010-2017
Competitive Landscape
- Asia Pacific Competitive Landscape
Company Profile
- Ageas
- AIA Group
- American International Group (AIG)
- Allianz
- Bangkok Life Assurance/Bangkok Insurance
- HSBC Insurance
- Muang Thai Life Assurance/Muang Thai Insurance
- Prudential plc
Regional Overview
- Asia Life Sector Overview
- Table: Asia Pacific Life Premiums, 2010-2017 (US$mn)
- Asia Non-Life Sector Overview
- Table: Asia Pacific's Non Life Premiums, 2010-2017 (US$mn)
Demographic Forecast
- Table: Thailand's Population By Age Group, 1990-2020 ('000)
- Table: Thailand's Population By Age Group, 1990-2020 (% of total)
- Table: Thailand's Key Population Ratios, 1990-2020
- Table: Thailand's Rural And Urban Population, 1990-2020
Methodology
- Industry Forecast Methodology
- Risk/Reward Rating Methodology
- Table: Insurance Risk/Reward Ratings Indicators
- Table: Weighting Of Indicators

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

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.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser