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