Thailand Insurance Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Thailand Insurance Report

The Thailand Insurance Report

The Thailand Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Thailand through end- ; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Thailand ; and analysis of the latest insurance industry developments, trends and regulatory changes in Thailand .

Business Monitor International's Thailand Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Thai insurance industry.

Coverage

Thailand Insurance Sector At A Glance

Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.

Evolution of the Thai Insurance Market

Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.

BMI 5-Year Industry Forecasts for Thailand

Analysis of market growth drivers, including 5-year projections (to end- ) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)

BMI 5-Year Macroeconomic Forecast for Thailand

BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Insurance Company Rankings in Thailand

Comparative company analyses and rankings by premium income (life and non-life).

Insurance Industry Competitive Landscape in Asia

A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.

Thailand Insurance Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Table of Contents

Chapter - The Sector At A Glance

Table: Overview Of Thailand'''s Insurance Sector
Key Insights On Thailand'''s Insurance Sector
Thailand Insurance Industry SWOT
Thailand Political SWOT
Thailand Economic SWOT
Thailand Business Environment SWOT

Chapter - Development Of BMI'''s Insurance Reports

Comment ''“ The Global Financial Crisis
Table: Selected European Countries: Budget And Current Account, 2008 (as % of GDP)
Revision Of Data And Forecasts

Chapter - Projections And Forecasts

Table: Insurance Data And Projections, 2005-2013
Projections And Drivers Of Growth
Table: Growth Drivers, 2005-2013

Chapter - Country Update

Macroeconomic Forecasts
Table: Thailand - Economic Activity
Domestic Political Outlook
Foreign Policy

Chapter - Insurance Business Environment Rating

Table: Thailand'''s Insurance Business Environment Indicators
Table: Asia Insurance Business Environment Rankings

Chapter - Regional Context

Table: Non-Life Premiums In A Regional Context, 2008
Table: Life Premiums In A Regional Context, 2008
Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006

Chapter - Analysis Of Competitive Conditions

Regional Overview

Chapter - Company Profiles

AEGON
AIG
Allianz
Aviva
AXA
Cardif
Fortis
Generali
Groupama
HDI-Gerling
HSBC Insurance
ING
Liberty Mutual
Manulife
MetLife
Prudential Financial
Prudential Plc
QBE
RSA
Sun Life Financial
The Hartford
The Principal
Zurich

Chapter - Country Snapshot: Thailand Demographic Data

Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030
Section 2: Education And Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030
Section 3: Labour Market And Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Non-Agricultural Wages, 2001-2012

Chapter - Methodology

Basis Of Projections
Insurance Business Environment Rating
Table: Insurance Business Environment Indicators And Rationale
Table: Weighting Of Indicators
Thailand Insurance Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Executive Summary

Thailand's susceptibility to the swift downturn in the global economy is beyond dispute, and the spectre of an agonising and possibly protracted recession is looming ever larger. A string of macroeconomic data released in late January firmed our expectations of a negative growth print for the final quarter of 2008 and the probability of the economy dipping into recession in 2009.

Perhaps the most eye-catching metric released was the manufacturing production index, growth of which fell by a swingeing 18.8% year-onyear (y-o-y), driven by a synchronised downturn in both external and domestic demand, with contractions registered in most sub-categories.

Industrial capacity utilisation continued to edge lower in December too, registering 58.9%, down from 61.2% in the preceding month (where 100% represents full capacity). With the manufacturing sector employing some 6mn people, the consequences of a continued pull-back are evident. Surprisingly, the Bank of Thailand (BoT)'s business sentiment index perked up gently in December, to 36.9 (from 34.4 in November).

However, this is likely attributable to the restoration of relative political stability and similar bounces in purchasing manager indexes across the globe, and should probably not be construed as an embryonic trend reversal. Indeed, retrenchment is likely to remain the name of the game for some time to come.

On the external front, exports continued to shrink in December by 15.7% y-o-y, compounding the 17.7% decline recorded in the previous month. Meanwhile import growth fell into negative territory, contracting by 8.8% y-o-y, from a paltry but positive 0.2% in November. The falling international price of oil played a key role here, as did faltering demand for raw materials and intermediate goods (linked in turn to the bleaker outlook for exports). This resulted in a positive trade balance of US$496mn (from minus US$896 in the prior month), and helped bring the current account into the black, at US$91mn (from a negative US$935mn in November). Indeed, although the parallel fall in exports and imports means that the trade account should remain fairly stable, we are concerned about the effects of falling exports on private sector investment.

In the Asia Pacific, we profile 23 companies. These are AEGON, AIG, Allianz, Aviva, AXA, Cardif, Fortis, Generali, Groupama, HDI-Gerling, HSBC Insurance, ING Group, Liberty Mutual, Manulife, MetLife, Prudential Financial, Prudential plc, QBE, RSA, Sun Life Financial, The Hartford, Principal Financial Group and Zurich Financial Services. We also look at various local firms that are active in the region; some of these companies rank, in terms of the premiums that they write, among the largest in the world. Over the course of 2008, actual total premiums in Thailand rose by 12% to THB339,974mn. Non-life premiums rose by 6% to THB106,083mn, while life premiums rose by 16% to THB233,891mn.

Between now and the end of the forecast period, we expect that annual non-life premiums will rise by THB37,005mn, while annual life premiums should rise by THB148,199mn. Growth in non-life premiums should be driven by the general growth of nominal GDP plus a rise in non-life penetration from the current level of 1.15% to 1.30%.

Growth in life premiums should be driven by the change in the overall population and a rise in life density from US$92.09 to US$200.00 per capita.

BMI's Insurance Business Environment Rating is 57.9.

Thailand Insurance Report
Was: $1030.00
Now: $875.00
You save: $155.00 (15%)
Read about our other Insurance Reports

Africa

Algeria, Egypt, Libya, Morocco, Nigeria, South Africa and Tunisia

Asia

Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan and Vietnam

Caribbean

Bahamas, Barbados, Bermuda, Dominican Republic, Jamaica and Trinidad & Tobago

Europe

Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom

Latin America

Argentina, Brazil and Mexico

Middle East

Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates
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