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Thailand Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Thailand Insurance Report
- Independent 5-year insurance industry forecast for Thailand .
- Original insurance market research and insurance sector trend analysis for Thailand ’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Thailand .
The Thailand Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Thailand through end- ; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Thailand ; and analysis of the latest insurance industry developments, trends and regulatory changes in Thailand .
Business Monitor International's Thailand Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Thai insurance industry.
Coverage
Thailand Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
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.
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Thailand Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
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 |
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Thailand Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
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%) |
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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