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Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Thailand personal accident and health insurance segment, and a comparison of the Thailand insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and net earned premium during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Thailand economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s 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 the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Thailand, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Thailand personal accident and health insurance segment, including:

  • An overview of the Thailand personal accident and health insurance segment
  • The Thailand personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Thailand economy and demographics
  • A comparison of the Thailand personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Thailand personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Thailand
  • Details of regulatory policy applicable to the Thailand insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Thailand:
  • It provides historical values for the Thailand personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Thailand personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Thailand personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Thailand.
  • It profiles the top personal accident and health insurance companies in Thailand, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Thailand personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Thailand personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Thailand insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The Ministry of Finance made amendments to regulations on foreign shareholding on January 18, 2017, allowing foreign insurers to acquire a 100% stake in domestic insurance companies.
  • The government is considering a proposal to make travel insurance compulsory for foreign tourists.
  • The formation of Association of Southeast Asian Nations (ASEAN) and the Asian Economic Community (AEC) on December 31, 2015 is expected to remove all trade barriers in the region, which will have a positive impact the segment’s growth.
  • The Office of Insurance Commission (OIC), the insurance regulator, issued the Insurance Development Plan (2016–2020) on January 21, 2016, in order to develop the insurance industry and protect the rights of policyholders.


  • Key Facts and Highlights
    • Table Thai Personal Accident and Health Insurance – Key Facts, 2014
    • Table Thai Personal Accident and Health Insurance – Leading Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Thailand Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Thai Personal Accident and Health Insurance – Gross Written Premium (THB Billion and US$ Billion), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Penetration (%), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Gross Written Premium (THB Billion and US$ Billion), 2015–2020
        • Table Thai Personal Accident and Health Insurance – Penetration (%), 2015–2020
        • Table Thai Personal Accident and Health Insurance – Premium per Capita (THB and US$), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Premium per Capita (THB and US$), 2015–2020
      • Policies sold
        • Table Thai Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Number of Policies Sold, 2015–2020
      • Claims
        • Table Thai Personal Accident and Health Insurance – Paid Claims (THB Billion and US$ Billion), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Paid Claims (THB Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Thai Personal Accident and Health Insurance – Profitability Ratio (%), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table Thai Personal Accident and Health Insurance – Total Assets (THB Billion and US$ Billion), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Total Assets (THB Billion and US$ Billion), 2015–2020
        • Table Thai Personal Accident and Health Insurance – Total Investment Income (THB Billion and US$ Billion), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Total Investment Income (THB Billion and US$ Billion), 2015–2020
        • Table Thai Personal Accident and Health Insurance – Investment Portfolio (THB Billion), 2011–2015
        • Table Thai Personal Accident and Health Insurance – Investment Portfolio (THB Billion), 2015–2020
  • Outlook by Category
    • Table Thai Personal Accident and Health Insurance – Direct Written Premium by Category (THB Billion), 2011–2015
    • Table Thai Personal Accident and Health Insurance – Direct Written Premium by Category (THB Billion), 2015–2020
    • Personal Accident Insurance
      • Premium
        • Table Thai Personal Accident Insurance – Direct Written Premium (THB Billion and US$ Billion), 2011–2015
        • Table Thai Personal Accident Insurance – Direct Written Premium (THB Billion and US$ Billion), 2015–2020
      • Policies
        • Table Thai Personal Accident Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Thai Personal Accident Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Thai Personal Accident Insurance – Paid Claims (THB Billion and US$ Billion), 2011– 2015
        • Table Thai Personal Accident Insurance – Paid Claims (THB Billion and US$ Billion), 2015– 2020
      • Profitability
        • Table Thai Personal Accident Insurance – Loss Ratio (%), 2011–2015
        • Table Thai Personal Accident Insurance – Loss Ratio (%), 2015–2020
    • Health Insurance
      • Premium
        • Table Thai Health Insurance – Direct Written Premium by Sub-Category (THB Billion), 2011–2015
        • Table Thai Health Insurance – Direct Written Premium by Sub-Category (THB Billion), 2015–2020
      • Policies
        • Table Thai Health Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Thai Health Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Thai Health Insurance – Paid Claims (THB Billion and US$ Billion), 2011–2015
        • Table Thai Health Insurance – Paid Claims (THB Billion and US$ Billion), 2015–2020
      • Profitability
        • Table Thai Health Insurance – Loss Ratio (%), 2011–2015
        • Table Thai Health Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Thai Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (THB Billion), 2011–2015
      • Table Thai Personal Accident and Health Insurance – Direct Written Premium by Distribution Channel (THB Billion), 2015–2020
      • Table Thai Personal Accident and Health Insurance – Percentage of Direct Written Premium, by Distribution Channel, 2011–2020
      • Brokers
      • Agencies
      • Bancassurance
      • E-commerce
      • Direct marketing
      • Other sources
  • Competitive Landscape
    • Table Thai Personal Accident and Health Insurance – Market Shares of Leading Insurers (%), 2014
    • Company Profiles
      • Bupa Health Insurance (Thailand), Ltd – company overview
        • Table Bupa Health Insurance (Thailand), Ltd – Key Facts
        • Table Bupa Health Insurance (Thailand), Ltd – Key Financials (THB Billion), 2011–2015
      • Cigna Insurance Public Company Ltd – company overview
        • Table Cigna Insurance Public Company Ltd – Key Facts
        • Table Cigna Insurance Public Company Ltd – Key Financials (THB Million), 2011–2015
      • Dhipaya Insurance Public Company Ltd – company overview
        • Table Dhipaya Insurance Public Company Ltd – Key Facts
        • Table Dhipaya Insurance Public Company Ltd – Key Financials (THB Million), 2011–2015
      • Muang Thai Life Assurance Public Co. Ltd – company overview
        • Table Muang Thai Life Assurance Public Co. Ltd – Key Facts
        • Table Muang Thai Life Assurance Public Co. Ltd – Key Financials (THB Million), 2011–2015
      • Allianz Ayudhya Assurance Public Co. Ltd – company overview
        • Table Muang Thai Life Assurance Public Co. Ltd – Key Facts
        • Table Muang Thai Life Assurance Public Co. Ltd – Key Financials (THB Million), 2011–2015
  • Governance, Risk and Compliance
    • Table Thailand – Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Thailand – Life Insurance Regulatory Framework
      • Property insurance
        • Table Thailand – Property Insurance Regulatory Framework
      • Motor insurance
        • Table Thailand– Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Thailand – Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workmen's compensation insurance
      • Aviation liability insurance
      • Liability insurance for transportation of hazardous substances
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • Office of Insurance Commission
      • Thai General Insurance Association (TGIA)
      • The Thai Life Assurance Association (TLAA)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Thailand – Stamp Duty on Insurance Policies
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Thailand – Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Thai Personal Accident and Health Insurance Industry – Policies and Premium, 2011–2015
      • Table Thai Personal Accident and Health Insurance Industry – Policies and Premium, 2015–2020
      • Claims and expenses
        • Table Thai Personal Accident and Health Insurance – Claims and Expenses, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Claims and Expenses, 2015–2020
      • Assets and investments
        • Table Thai Personal Accident and Health Insurance – Assets and Investments, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Assets and Investments, 2015–2020
      • Direct marketing and e-commerce
        • Table Thai Personal Accident and Health Insurance – Direct Marketing and E-Commerce, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Direct Marketing and E-Commerce, 2015–2020
      • Insurance brokers and agencies
        • Table Thai Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Insurance Brokers and Agencies, 2015–2020
      • Bancassurance and other distribution channels
        • Table Thai Personal Accident and Health Insurance – Bancassurance and Other Distribution Channels, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Bancassurance and Other Distribution Channels, 2015–2020
      • Personal accident insurance
        • Table Thai Personal Accident and Health Insurance – Personal Accident Insurance, 2011– 2015
        • Table Thai Personal Accident and Health Insurance – Personal Accident Insurance, 2015– 2020
      • Health insurance
        • Table Thai Personal Accident and Health Insurance – Health Insurance, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Health Insurance, 2015–2020
      • Health insurance by product
        • Table Thai Personal Accident and Health Insurance – Health by Product, 2011–2015
        • Table Thai Personal Accident and Health Insurance – Health by Product, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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