Thailand Life Insurance Market to 2027
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Thailand Life Insurance Market to 2027
Summary
Life Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market is segmented into Life Insurance and Pension/Annuity.
- The Thai life insurance market had total gross written premiums of $13.8 billion in 2022, representing a negative compound annual growth rate (CAGR) of 2.6% between 2017 and 2022.
- The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $13.4 billion, equivalent to 96.8% of the market's overall value.
- Life insurance coverage in the Thai population is relatively low. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in Thailand was 3.7%.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in Thailand
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Thailand
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Thailand life insurance market with five year forecasts by both value and volume
- What was the size of the Thailand life insurance market by value in 2022?
- What will be the size of the Thailand life insurance market in 2027?
- What factors are affecting the strength of competition in the Thailand life insurance market?
- How has the market performed over the last five years?
- How large is Thailand’s life insurance market in relation to its regional counterparts?
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 are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 COMPANY PROFILES
8.1. AIA Thailand
8.2. FWD Life Insurance Public Co Ltd
8.3. Thai Life Insurance Public Company Ltd
8.4. Muang Thai Life Assurance Public Co 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 are the strengths of the leading players?
7.4. What strategies do the leading players follow?
8 COMPANY PROFILES
8.1. AIA Thailand
8.2. FWD Life Insurance Public Co Ltd
8.3. Thai Life Insurance Public Company Ltd
8.4. Muang Thai Life Assurance Public Co 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 life insurance market value: $ billion, 2017–22
Table 2: Thailand life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Thailand life insurance market category segmentation: $ billion, 2017-2022
Table 4: Thailand life insurance market geography segmentation: $ billion, 2022
Table 5: Thailand life insurance market value forecast: $ billion, 2022–27
Table 6: Thailand life insurance market share: % share, by value, 2022
Table 7: AIA Thailand: key facts
Table 8: AIA Thailand: Key Employees
Table 9: FWD Life Insurance Public Co Ltd: key facts
Table 10: FWD Life Insurance Public Co Ltd: Key Employees
Table 11: Thai Life Insurance Public Company Ltd: key facts
Table 12: Thai Life Insurance Public Company Ltd: Key Employees
Table 13: Thai Life Insurance Public Company Ltd: Key Employees Continued
Table 14: Muang Thai Life Assurance Public Co Ltd: key facts
Table 15: Muang Thai Life Assurance Public Co Ltd: Key Employees
Table 16: Thailand size of population (million), 2018–22
Table 17: Thailand gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Thailand gdp (current prices, $ billion), 2018–22
Table 19: Thailand inflation, 2018–22
Table 20: Thailand consumer price index (absolute), 2018–22
Table 21: Thailand exchange rate, 2018–22
Table 1: Thailand life insurance market value: $ billion, 2017–22
Table 2: Thailand life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Thailand life insurance market category segmentation: $ billion, 2017-2022
Table 4: Thailand life insurance market geography segmentation: $ billion, 2022
Table 5: Thailand life insurance market value forecast: $ billion, 2022–27
Table 6: Thailand life insurance market share: % share, by value, 2022
Table 7: AIA Thailand: key facts
Table 8: AIA Thailand: Key Employees
Table 9: FWD Life Insurance Public Co Ltd: key facts
Table 10: FWD Life Insurance Public Co Ltd: Key Employees
Table 11: Thai Life Insurance Public Company Ltd: key facts
Table 12: Thai Life Insurance Public Company Ltd: Key Employees
Table 13: Thai Life Insurance Public Company Ltd: Key Employees Continued
Table 14: Muang Thai Life Assurance Public Co Ltd: key facts
Table 15: Muang Thai Life Assurance Public Co Ltd: Key Employees
Table 16: Thailand size of population (million), 2018–22
Table 17: Thailand gdp (constant 2005 prices, $ billion), 2018–22
Table 18: Thailand gdp (current prices, $ billion), 2018–22
Table 19: Thailand inflation, 2018–22
Table 20: Thailand consumer price index (absolute), 2018–22
Table 21: Thailand exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Thailand life insurance market value: $ billion, 2017–22
Figure 2: Thailand life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Thailand life insurance market geography segmentation: % share, by value, 2022
Figure 4: Thailand life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Thailand, 2022
Figure 6: Drivers of buyer power in the life insurance market in Thailand, 2022
Figure 7: Drivers of supplier power in the life insurance market in Thailand, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Thailand, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Thailand, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Thailand, 2022
Figure 11: Thailand life insurance market share: % share, by value, 2022
Figure 1: Thailand life insurance market value: $ billion, 2017–22
Figure 2: Thailand life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Thailand life insurance market geography segmentation: % share, by value, 2022
Figure 4: Thailand life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Thailand, 2022
Figure 6: Drivers of buyer power in the life insurance market in Thailand, 2022
Figure 7: Drivers of supplier power in the life insurance market in Thailand, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Thailand, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Thailand, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Thailand, 2022
Figure 11: Thailand life insurance market share: % share, by value, 2022