Insurance in Thailand - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Thailand - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Thai insurance market had total gross written premiums of $26.8bn in 2020, representing a compound annual growth rate (CAGR) of 1.8% between 2016 and 2020.
- The life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $17.0bn, equivalent to 63.6% of the market's overall value.
- The COVID-19 pandemic has had a significant impact on many markets around the world, including insurance. Interest rate cuts have constrained insurers’ profits, while demand for certain types of insurance, such as motor and travel, has been dampened by nationwide lockdown restrictions.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Thailand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Thailand
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Thailand insurance market with five year forecasts
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- How has the market performed over the last five years?
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1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. AIA Group Ltd
8.2. Muang Thai Life Assurance Public Co Ltd
8.3. AXA SA
8.4. Thai Life Insurance Public Company Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. AIA Group Ltd
8.2. Muang Thai Life Assurance Public Co Ltd
8.3. AXA SA
8.4. Thai Life Insurance Public Company Ltd
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Thailand insurance market value: $ billion, 2016–20
Table 2: Thailand insurance market category segmentation: $ billion, 2020
Table 3: Thailand insurance market geography segmentation: $ billion, 2020
Table 4: Thailand insurance market value forecast: $ billion, 2020–25
Table 5: Thailand insurance market share: % share, by value, 2020
Table 6: AIA Group Ltd: key facts
Table 7: AIA Group Ltd: Annual Financial Ratios
Table 8: AIA Group Ltd: Key Employees
Table 9: AIA Group Ltd: Key Employees Continued
Table 10: Muang Thai Life Assurance Public Co Ltd: key facts
Table 11: Muang Thai Life Assurance Public Co Ltd: Key Employees
Table 12: AXA SA: key facts
Table 13: AXA SA: Annual Financial Ratios
Table 14: AXA SA: Key Employees
Table 15: AXA SA: Key Employees Continued
Table 16: AXA SA: Key Employees Continued
Table 17: Thai Life Insurance Public Company Ltd: key facts
Table 18: Thai Life Insurance Public Company Ltd: Key Employees
Table 19: Thai Life Insurance Public Company Ltd: Key Employees Continued
Table 20: Thailand size of population (million), 2016–20
Table 21: Thailand gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Thailand gdp (current prices, $ billion), 2016–20
Table 23: Thailand inflation, 2016–20
Table 24: Thailand consumer price index (absolute), 2016–20
Table 25: Thailand exchange rate, 2016–20
Table 1: Thailand insurance market value: $ billion, 2016–20
Table 2: Thailand insurance market category segmentation: $ billion, 2020
Table 3: Thailand insurance market geography segmentation: $ billion, 2020
Table 4: Thailand insurance market value forecast: $ billion, 2020–25
Table 5: Thailand insurance market share: % share, by value, 2020
Table 6: AIA Group Ltd: key facts
Table 7: AIA Group Ltd: Annual Financial Ratios
Table 8: AIA Group Ltd: Key Employees
Table 9: AIA Group Ltd: Key Employees Continued
Table 10: Muang Thai Life Assurance Public Co Ltd: key facts
Table 11: Muang Thai Life Assurance Public Co Ltd: Key Employees
Table 12: AXA SA: key facts
Table 13: AXA SA: Annual Financial Ratios
Table 14: AXA SA: Key Employees
Table 15: AXA SA: Key Employees Continued
Table 16: AXA SA: Key Employees Continued
Table 17: Thai Life Insurance Public Company Ltd: key facts
Table 18: Thai Life Insurance Public Company Ltd: Key Employees
Table 19: Thai Life Insurance Public Company Ltd: Key Employees Continued
Table 20: Thailand size of population (million), 2016–20
Table 21: Thailand gdp (constant 2005 prices, $ billion), 2016–20
Table 22: Thailand gdp (current prices, $ billion), 2016–20
Table 23: Thailand inflation, 2016–20
Table 24: Thailand consumer price index (absolute), 2016–20
Table 25: Thailand exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Thailand insurance market value: $ billion, 2016–20
Figure 2: Thailand insurance market category segmentation: % share, by value, 2020
Figure 3: Thailand insurance market geography segmentation: % share, by value, 2020
Figure 4: Thailand insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Thailand, 2020
Figure 6: Drivers of buyer power in the insurance market in Thailand, 2020
Figure 7: Drivers of supplier power in the insurance market in Thailand, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Thailand, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Thailand, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Thailand, 2020
Figure 11: Thailand insurance market share: % share, by value, 2020
Figure 1: Thailand insurance market value: $ billion, 2016–20
Figure 2: Thailand insurance market category segmentation: % share, by value, 2020
Figure 3: Thailand insurance market geography segmentation: % share, by value, 2020
Figure 4: Thailand insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Thailand, 2020
Figure 6: Drivers of buyer power in the insurance market in Thailand, 2020
Figure 7: Drivers of supplier power in the insurance market in Thailand, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Thailand, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Thailand, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Thailand, 2020
Figure 11: Thailand insurance market share: % share, by value, 2020
