Thailand Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

Thailand Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Life Insurance in Thailand industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 HighlightsThe value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.The Thai life insurance market had total gross written premiums of $16.4 billion in 2022, representing a compound annual growth rate (CAGR) of -1.1% between 2017 and 2022.The Life Insurance segment accounted for market's the largest proportion in 2022, with total gross written premiums of $11.6 billion, equivalent to 70.7% of the market's overall value.In March 2022, AIA Thailand, the nation's largest life insurer, said that it will enhance its digital presence to keep up with the shifting trends. Personalization, product innovation, and digitization are gaining hold in Thailand's life insurance business. The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.8% for the five-year period 2022 - 2027, which is expected to drive the market to a value of $20.7 billion by the end of 2027.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in ThailandUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in ThailandLeading company profiles reveal details of key life insurance market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the Thailand life insurance market with five year forecastsReasons to BuyWhat 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?What are the main segments that make up Thailand's life insurance market?