Research and Markets: Non-Life Insurance in Thailand, Key Trends and Opportunities to 2018

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/dsjb66/nonlife) has announced the addition of the "Non-Life Insurance in Thailand, Key Trends and Opportunities to 2018" report to their offering.

The report provides detailed analysis of the market trends, drivers, challenges in the Thai non-life insurance segment. It provides Key Performance Indicators (KPI) such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009-2013) and forecast period (2013-2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country.

The report brings together research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Key Highlights

• Rising vehicle sales and mandatory motor third-party insurance supported the growth of motor insurance during the review period.
• The Thai non-life insurance segment is moderately concentrated, with the 10 leading companies together accounting for 63.4% of the segment's direct written premium in 2013.
• Expansions in product portfolios and programs were carried out by most non-life insurers during the review period, to increase consumer awareness and market share.
• According to Sophos's 2013 Security Threat report, along with Indonesia and China, Thailand is one of the world's three riskiest countries in terms of cybercrime.
• Frequent natural disasters in Thailand challenge the growth of non-life insurance. The country registered a number of natural disasters during the review period, including heavy floods and thunderstorms in 2013, followed by earthquakes in 2014.

Companies Mentioned

• Bangkok Insurance
• Dhipaya Insurance
• LMG Insurance
• Mitsui Sumitomo Insurance (Thailand)
• Muang Thai Insurance
• Safety Insurance
• Syn Mun Kong
• Thanachart Insurance
• The Viriyah Insurance
• Tokio Marine Sri Muang Insurance

For more information visit http://www.researchandmarkets.com/research/dsjb66/nonlife

View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005831/en/

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Source: Research and Markets