Thailand in focus: What's new in non-life — March 2023

For this issue of our Thailand non-life insurance market newsletter, we cover developments for the second half of 2022. Overall, direct premiums rose 3.6% compared for the entire year, compared with 2021, and most lines reported growth, with marine showing the highest growth at 11%, followed by industrial all risks, at 9.2%. Motor led all categories in terms of volume, with more than 150 THB billion in direct premium written. Our review includes detailed commentary in the following areas: 

• Market performance
• New products
• Electric Vehicles
• COVID-19 insurance
• Distribution channel
• Other insurers’ initiatives
• Mergers and acquisitions
• Key appointments
• Regulatory updates