泰國保險行業(yè)市場前景及投資研究報告-培訓課件外文版2024.5人保平安友邦

INDUSTRIES

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MARKETSInsuranceindustryinThailandCHAPTER

01OverviewGrossdomesticproduct(GDP)fromthefinancialandinsuranceactivitiessectorinThailandfrom2012to2021(inbillionThaibaht)GDPfromfinancialandinsuranceactivitiesThailand2012-20211,6001,4001,339.071,289.141,268.411,240.881,181.251,2001,00080060040020001,120.951,037.7961.26871.38744.6220122013201420152016201720182019202020214Description:In2021,thefinancialandinsuranceactivitiessectorcontributedapproximately1.3trillionThaibahttoThailand'sgrossdomesticproduct(GDP).Inthatsameyear,Thailand'stotalGDPreachednearly16.2trillionThaibaht.ReadmoreNote(s):Thailand;2012to2021;figuresatcurrentmarketpricesSource(s):NationalStatisticalOffice(Thailand);NESDCContributionoftotalinsurancepremiumstoGDPinThailandfrom2016tothe2ndquarterof2023ContributionoftotalinsurancepremiumstoGDPThailand2016-Q220236%5.42%5.43%5.41%5.31%5.26%5.1%5.09%5.03%4.98%5%4%3%2%1%0%2016201720182019202020212022Q12023Q220235/statistics/1057440/thailand-contribution-of-total-insurance-premiums-to-gdpInthesecondquarterof2023,thetotalinsurancepremiumscontributedabout5percenttotheGDP.TheThailifeinsurancemarketslightlyfluctuatedinpreviousyears.In2023,theGDPofThailandwasestimatedatapproximately512billionU.S.dollars.ReadmoreNote(s):Thailand;2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionValueofpremiumswrittenpercapitainThailandin2022,bycategory(inThaibaht)ValueofpremiumswrittenpercapitaThailand2022,bycategoryValueinThaibaht4,00001,0002,0003,0005,0006,0007,0008,0009,00010,000Lifeinsurancepremiums9,235Non-lifeinsurancepremiums4,1446Description:In2022,thevalueofpremiumswrittenpercapitaforlifeinsurancewasaround9.2thousandThaibaht.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears.

ReadmoreNote(s):Thailand;2022Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionNumberofinsurancepoliciesinThailandinthe2ndquarterof2023,bycategory(inmillions)NumberofinsurancepoliciesThailandQ22023,bycategoryNumberofinsurancepoliciesinmillions10

15052025303540Non-lifeinsurance35.34Lifeinsurance(includingpersonalaccident)26.277/statistics/1057256/thailand-number-of-insurance-policies-by-categoryAsofthesecondquarterof2023,non-lifeinsuranceaccountedforthehighestnumberofinsurancepoliciesinThailandwithapproximately35.3millionpolicies.Incontrast,thenumberofpurchasesforlifeinsurancepolicieswasaround26.3million.ReadmoreNote(s):Thailand;Q22023Source(s):OfficeofInsuranceCommissionValueofpaidinsuranceclaimsinThailandinthe2ndquarterof2023,bycategory(inmillionThaibaht)ValueofpaidinsuranceclaimsThailandQ22023,bycategoryValueofinsuranceclaimsinmillionThaibaht10

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30040506070Non-lifeinsurance61.55Lifeinsurance(includingpersonalaccidents)21.918Description:Inthesecondquarterof2023,theamountofpaidnon-lifeinsuranceclaimsreachedapproximately61.6millionThaibaht.TheThailifeinsurancemarketroseasaneconomicbrightspotinpreviousyears.Since2022,thepremiumsandpolicypenetrationrateshaveshownminordecreases.ReadmoreNote(s):Thailand;Q32022Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionNumberofinsurancecompaniesinThailandinthe2ndquarterof2023,bycategoryNumberofinsurancecompaniesThailandQ22023,bycategoryNumberofinsurancecompanies20

30010405060Non-lifeinsuranceLifeinsuranceReinsurance502229Description:Inthesecondquarterof2023,therewere50non-lifeinsurancecompanies,accountingforthemajorityoftheinsurancesector.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears,withpremiumsandpolicypenetrationratesbothontherise.ReadmoreNote(s):Thailand;Q22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionNumberofinsuranceagentsinThailandin2022,bycategory(in1,000s)NumberofinsuranceagentsThailand2022,bycategoryNumberofinsuranceagentsinthousands020406080100120140160180Non-lifeinsuranceagents165.01Lifeinsuranceagents121.5310Description:In2022,thenumberofnon-lifeinsuranceagentsamountedtoaround165thousandagents.Accordingtothesource,theThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears.

ReadmoreNote(s):Thailand;2022Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionCHAPTER

02LifeinsuranceContributionoflifeinsurancepremiumstoGDPinThailandfrom2016tothe2ndquarterof2023ContributionoflifeinsurancepremiumstoGDPThailand2016-Q220234.5%3.96%3.88%4.0%3.5%3.0%2.5%2.0%1.5%1.0%0.5%0.0%3.84%3.82%3.79%3.57%3.51%3.45%3.39%2016201720182019202020212022Q12023Q2202312Description:Inthesecondquarterof2023,lifeinsurancepremiumscontributedaround3.4percenttotheGDPinThailand.In2023,theGDPofThailand.wasestimatedatapproximately512billionU.S.dollarsReadmoreNote(s):Thailand;2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionShareoflifeinsurancepremiumswritteninThailandinthe2ndquarterof2023,bycategoryShareoflifeinsurancepremiumswrittenThailandQ22023,bycategoryShareofpremiums30%0%10%20%40%50%60%70%65.16%GenerallifeinsuranceAdditionallifeinsuranceUnit-linkedinsurance21.84%7.1%PersonalaccidentinsuranceRetirementlifeinsurance3.91%1.71%Universallifeinsurance

0.2%13Description:Inthesecondquarterof2023,generallifeinsuranceheldthelargestshareofmorethan65percentofalllifeinsurancepremiumswritteninThailand.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears.

ReadmoreNote(s):Thailand;Q22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionNumberoflifeinsurance(includingpersonalaccidents)policiesinThailandfrom2016tothe2ndquarterof2023(inmillions)NumberoflifeinsurancepoliciesThailand2016-Q22023353025201510528.6526.5726.7126.2626.1726.3626.2726.0524.6202016201720182019202020212022Q12023Q2202314Description:Inthesecondquarterof2023,thenumberoflifeinsurance(includingpersonalaccidents)policiesamountedtoapproximately26.2million.Thenumberoflifeinsurancepoliciespeakedin2020alongsidetheCOVID-19outbreak.ReadmoreNote(s):Thailand;2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionValueoflifeinsurancepremiumswrittenpercapitainThailandfrom2016to2022(inThaibaht)ValueoflifeinsurancepremiumswrittenpercapitaThailand2016-202210,0009,0008,0007,0006,0005,0004,0003,0002,0001,00009,4779,2769,2359,1939,0699,0148,614201620172018201920202021202215Description:In2022,thevalueoflifeinsurancepremiumswrittenpercapitainThailandamountedtoaround9.2thousandThaibaht.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears,withpremiumsandpolicypenetrationratesbothontherise.ReadmoreNote(s):Thailand;2023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionValueofpaidlifeinsurance(includingpersonalaccidents)claimsinThailandfrom2016to2ndquarter2023(inmillionThaibaht)ValueofpaidlifeinsuranceclaimsThailand2016-Q220232522.1521.9121.7421.3520.7419.7201510518.6817.5417.1502016201720182019202020212022Q12023Q2202316Description:Inthesecondquarterof2023,theamountofpaidlifeinsurance(includingpersonalaccidents)claimsreachedalmost22millionThaibaht.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears.

ReadmoreNote(s):Thailand;2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionCHAPTER

03Non-lifeinsuranceValueofgrosswrittenpremiumofnon-lifeinsuranceinThailandfrom2018to2022withforecastuntil2027(inbillionThaibaht)GeneralinsuranceindustryinThailand2018-2027400373.5350.835030025020015010050330.6313.9299.4285.5273.6262.2253.6242.60201820192020202120222023*2024*2025*2026*2027*18Description:In2022,thevalueofgeneralinsuranceindustryinThailandamountedto285.5billionThaibaht.Thiswasanincreasecomparedtothepreviousyear.By2027,thegrosswrittenpremiumofgeneralinsuranceinThailandwasestimatedtoreach373.5billionThaibaht.ReadmoreNote(s):Thailand;2018to2022;*Forecastvalues.ReadmoreSource(s):GlobalDataContributionofnon-lifeinsurancepremiumstoGDPinThailandfrom2016tothe2ndquarterof2023Contributionofnon-lifeinsurancepremiumstoGDPThailand2016-Q220231.8%1.62%1.61%1.59%1.58%1.57%1.6%1.4%1.2%1.0%0.8%0.6%0.4%0.2%0.0%1.52%1.46%1.42%1.42%2016201720182019202020212022Q12023Q2202319Description:Inthesecondquarterof2023,thenon-lifeinsurancepremiumscontributednearly1.6percenttotheGDPinThailand.In2023,theGDPofThailand.wasestimatedatapproximately512billionU.S.dollarsReadmoreNote(s):Thailand;2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionShareofnon-lifeinsurancepremiumswritteninThailandinthe2ndquarterof2023,bycategoryShareofnon-lifeinsurancepremiumswrittenThailandQ22023,bycategoryShareofpremiums20%0%10%30%40%50%60%56.46%CarinsuranceAccidentinsurance11.21%11.7%RiskandpropertyinsuranceMiscellaneousinsuranceHealthinsurance7.85%6.41%Fireinsurance3.8%Marineinsurance2.57%20Description:Inthesecondquarterof2023,carinsuranceheldthelargestshareofabout56percentofallnon-lifeinsurancepremiumswritteninThailand.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears.

ReadmoreNote(s):Thailand;Q22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionNumberofnon-lifeinsurancepoliciesinThailandfrom2016tothe2ndquarterof2023(inmillions)Numberofnon-lifeinsurancepoliciesThailand2016-Q22023807073.2871.2865.4264.3563.9259.44605040302010055.7535.3418.312016201720182019202020212022Q12023Q2202321Description:Inthesecondquarterof2023,thenumberofnon-lifeinsurancepoliciesamountedtoapproximately35.3million.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears.

ReadmoreNote(s):Thailand;2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionValueofnon-lifeinsurancepremiumswrittenpercapitainThailandfrom2016to2022(inThaibaht)Valueofnon-lifeinsurancepremiumswrittenpercapitaThailand2016-20224,5004,1443,9714,0003,7963,7313,5033,5003,0002,5002,0001,5001,0005003,3003,2120201620172018201920202021202222Description:In2022,thevalueofnon-lifeinsurancepremiumswrittenpercapitainThailandamountedtoapproximatelyfourthousandThaibaht.TheThailifeinsurancemarkethasrisenasaneconomicbrightspotinpreviousyears,withpremiumsandpolicypenetrationratesbothontherise.ReadmoreNote(s):Thailand;2016to2022Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionValueofpaidnon-lifeinsuranceclaimsinThailandfrom2016tothe2ndquarterof2023(inmillionThaibaht)Valueofpaidnon-lifeinsuranceclaimsThailand2016-Q2202316014012010080133.64132.88119.4117.73107.83107.11102.0561.55604032.182002016201720182019202020212022Q12023Q2202323Description:Inthesecondquarterof2023,theamountofpaidnon-lifeinsuranceclaimsamountedtoapproximately61.6millionThaibaht.Thevaluehadshownfluctuationswithasignificantincreasein2021.ReadmoreNote(s):2016toQ22023Source(s):FiscalPolicyOffice(Thailand);OfficeofInsuranceCommissionCHAPTER

04MotorinsuranceValueofpremiumswrittenbymotorvehicleinsurancecompaniesinThailandfrom2019to2022withaforecastfor2023(inbillionThaibaht)ValueofmotorvehicleinsurancesectorinThailand2019-2023180166.5154.8916014012010080147.41146.02144.03604020020192020202120222023*25Description:In2022,thevalueofpremiumswrittenbymotorvehicleinsurancecompaniesinThailandamountedtoapproximately154.9billionThaibaht.Thevaluewasprojectedtogrowtoaround166.5billionThaibahtin2023.

ReadmoreNote(s):ThailandSource(s):KasikornResearchCenter;OfficeofInsuranceCommissionNumberofmotorinsurancepoliciesinThailandfrom2015to2022(inmillion),bytypeNumberofautoinsurancepoliciesThailand2015-2022,bytypeCompulsoryVoluntary4035302520151050201520162017*2018*201920202021202226Description:In2022,thenumberofcompulsorymotorinsurancepoliciesinThailandamountedtoapproximately32.8million.Inthatsameyear,therewerearound10.7millionvoluntarymotorinsurancepoliciesissued.

ReadmoreNote(s):Thailand;2015to2022Source(s):ThaiGeneralInsuranceAssociationValueofdirectpremiumsinthemotorinsurancesegmentinThailandfrom2015to2022(inmillionThaibaht),bytypeDirectpremiumsinautoinsurancesegmentThailand2015-2022,bytypeCompulsoryVoluntary1601401201008060402002015201620172018201920202021202227/statistics/1278360/thailand-direct-premiums-in-motor-insuranceIn2022,thedirectpremiumsinthevoluntarymotorinsurancesegmentinThailandreachedaround135.8millionThaibaht.Inthesameyear,thenumberofvoluntarymotorinsurancepoliciesinthecountryamountedtoapproximately10.7million.ReadmoreNote(s):Thailand;2015to2022Source(s):ThaiGeneralInsuranceAssociationNetwrittenpremiumsinthemotorinsurancesegmentinThailandfrom2015to2022(inmillionThaibaht),bytypeNetwrittenpremiumsinautoinsurancesegmentThailand2015-2022,bytypeCompulsoryVoluntary1401201008060402002015201620172018201920202021202228/statistics/1278365/thailand-net-written-premiums-in-motor-insuranceIn2022,thenetwrittenpremiumsofthevoluntarymotorinsuranceinThailandreachedaround119.18millionThaibaht.Inthesameyear,thenumberofvoluntarymotorinsurancepoliciesinthecountryamountedtoapproximately10.7million.ReadmoreNote(s):Thailand;2015to2022;*Preliminarydata.OneThaibahtisequalto0.028U.S.dollarsand0.026eurosasofNovember2023.Valueshavebeenrounded.Datapriorto2017wereobtainedfromthepreviousreport.

ReadmoreSource(s):ThaiGeneralInsuranceAssociationAveragepremiumperpolicyinthemotorinsurancesegmentinThailandfrom2015to2022(inThaibaht),bytypeAveragepremiumperpolicyinautoinsurancesegmentThailand2015-2022,bytypeCompulsoryVoluntary14,00012,00010,0008,0006,0004,0002,00002015201620172018201920202021202229Description:In2022,theaveragepremiumperpolicyforthevoluntarymotorinsuranceinThailandamountedtoaround12.7thousandThaibaht.Inthatsameyear,thenumberofvoluntarymotorinsurancepoliciesinthecountryamountedtoapproximately10.7million.ReadmoreNote(s):Thailand;2015to2022;*Preliminarydata.OneThaibahtisequalto0.028U.S.dollarsand0.026eurosasofNovember2023.Datapriorto2017wereobtainedfromthepreviousreport.

ReadmoreSource(s):ThaiGeneralInsuranceAssociationCHAPTER

05HealthinsuranceNumberofpeoplewhoarecoveredbyhealthsecurityschemesinThailandin2022,bycategory(inmillions)NumberofpeoplewithpublichealthinsurancesThailand2022,bycategoryNumberofpeopleinmillions0510152025303540455047.18UniversalCoverageScheme(UCS)SocialSecurityScheme(SSS)12.75CivilServantMedicalBenefitScheme(CSMB)Statelesspeople5.30.730.64LocaladministrativeofficersQualifiednon-registeredUCS

0.2Unknowncitizenstatus

0.09Privateschoolteachers

0.08DisabilitypersoninSocialSecuritySchemes

0.01Thaipopulationlivingabroad

0.0131Description:In2022,themajorityofpublichealth-insuredpeopleinThailandwerecoveredbytheUniversalCoverageScheme(UCS),amountingtoapproximately47.2million.In2021,thetotalnumberofpeoplewhoarecoveredbyhealthinsurancesinThailandamountedtoaround67.7million.ReadmoreNote(s):Thailand;2022Source(s):NationalHealthSecurityOfficeBudgetfortheUniversalCoverageScheme(UCS)inThailandfrom2010to2024(inbillionThaibaht)BudgetforUniversalCoverageSchemeThailand2010-2024225205185165217.63204.14202.7198.89190.37181.58175.56169.75163.15154.26153.15141.542013140.612012145125105129.282011117.9720102014201520162017201820192020202120222023202432Description:In2023,thebudgetfortheUniversalCoverageScheme(UCS)inThailandamountedtoaround204billionThaibaht,increasingfromthepreviousyear.OnNovember6,2023,thecabinetapprovedthebudgetofapproximately217.6billionThaibahtfor2024.TheUCSisalsoknownasthe"goldencard",anditwasintroducedin2002.ItallowsThaipeopletoaccessmedicalcareandtreatmentinpublichospitalswithverylittlecost,aslowas30Thaibaht.

ReadmoreNote(s):Thailand;November2023;budgetforUniversalCoverageSchemeincludeswagesandmonthlysalaryofpersonnelSource(s):NationalHealthSecurityOffice;Varioussources(ThaiPBS)NumberofhealthinsurancepoliciesinThailandfrom2015to2022(inthousands)NumberofhealthinsurancepoliciesThailand2015-202212,00010,0008,0006,0004,0002,00010,552.337,941.382,384.6420221,108.722019916.82018741.712017463.142015468.5201602020202133Description:In2022,thenumberofhealthinsurancepoliciesinThailandamountedtoapproximately2.4million.Thesurgeinhealthinsurancepurchasesin2020wasarepercussionoftheCOVID-19pandemicandtheawarenessofthestateofhealthamongThaipeople.ReadmoreNote(s):Thailand;2015to2022Source(s):ThaiGeneralInsuranceAssociationValueofdirectpremiumsinthehealthinsurancesegmentinThailandfrom2015to2022(inmillionThaibaht)DirectpremiumsinhealthinsurancesegmentThailand2015-2022201816141218.7415.8115.6310.989.41088.357.757.5664202015201620172018201920202021202234Description:In2022,thedirectpremiumsinthehealthinsurancesegmentinThailandreachedaround15.81millionThaibaht.Inthesameyear,thenumberofhealthinsurancepoliciesinthecountryamountedtoapproximately2.4million.ReadmoreNote(s):Thailand;2015to2022Source(s):ThaiGeneralInsuranceAssociationNetwrittenpremiumsinthehealthinsurancesegmentinThailandfrom2015to2022(inmillionThaibaht)NetwrittenpremiumsinhealthinsurancesegmentThailand2015-20221816141216.7214.2113.3810.71089.048.267.947.6664202015201620172018201920202021202235Description:In2022,thenetwrittenpremiumsofhealthinsuranceinThailandreachedaround13.4millionThaibaht.Inthesameyear,theaveragepremiumperpolicyofhealthinsuranceinthecountryamountedtoapproximately2.4million.ReadmoreNote(s):Thailand;2015to2022;*Preliminarydata.OneThaibahtisequalto0.028U.S.dollarsand0.026eurosasofNovember2023.Valueshavebeenrounded.Datapriorto2017wereobtainedfromthepreviousreport.

ReadmoreSource(s):ThaiGeneralInsuranceAssociationAveragepremiumperpolicyinthehealthinsurancesegmentinThailandfrom2015to2022(inthousandThaibaht)AveragepremiumperpolicyinhealthinsurancesegmentThailand2015-20221816.5516.3316141210811.2610.259.916.63641.971.78202015201620172018201920202021202236Description:In2022,theaveragepremiumperpolicyforthehealthinsurancesegmentinThailandamountedtoaround6.6thousandThaibaht.Inthatsameyear,thenumberofhealthinsurancepoliciesinthecountryamountedtoapproximately2.4million.ThenumerouseconomicallypricedCOVID-19insurancepoliciesbeingissuedcausedtheaveragepremiumperpolicyhealthinsurancetoplummetin2020.ReadmoreNote(s):Thailand;2015to2022;*Preliminarydata.OneThaibahtisequalto0.028U.S.dollarsand0.026eurosasofNovember2023.Datapriorto2017wereobtainedfromthepreviousreport.

ReadmoreSource(s):ThaiGeneralInsuranceAssociationCHAPTER

06LeadingcompaniesMarketshareofpopularinsurancecompaniesinThailandin2022MarketshareofleadinginsurersinThailand2022Marketshare0%2%4%6%8%10%12%14%16%VirayahInsuranceDhipayaInsurance14.9%11.7%BangkokInsurance9%TokioMarineSafetyInsuranceMuangThaiInsuranceThanachartInsuranceChubbSammagiInsuranceLMGInsurance7.5%6.4%3.8%3.8%3.2%2.7%2.4%ThaivivatInsuranceAioiBangkokInsurance38Description:In2022,ViriyahInsuranceledtheThaiinsurancemarketwithnearly15percentofthemarketshare.ThiswasfollowedbyDhipayaInsurancewitharound11.7percentofthemarketshare.ReadmoreNote(s):Thailand;2022Source(s):Varioussources(ThaiGeneralInsuranceAssociation.)LeadinglifeinsurancecompaniesinThailandin2021,bygrosspremiumswritten(inbillionThaibaht)LeadinglifeinsurancecompaniesinThailand2021,bygrosspremiumswrittenPremiumsinmillionThaibaht020406080100120140160180AIAThaiLifeInsuranceFWDLife157.4590.5681.06MuangThaiLifeKrungthaiAXALifeBangkokLife72.9850.0