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Reinsurance in Thailand, Key Trends and Opportunities to 2020

Published: Sep, 2017 | Pages: 41 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis

Timetric’s 'Reinsurance in Thailand, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Thailand reinsurance segment. 

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Thailand economy and demographics, and provides detailed analysis of natural hazards and their impact on the Thailand insurance industry. 

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric’s 'Reinsurance in Thailand, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Thailand reinsurance segment, including:

• An outlook of the Thailand reinsurance segment

• A comprehensive overview of the Thailand economy and demographics 

• Detailed analysis of natural hazards and their impact on the Thailand insurance industry

• The competitive landscape in the Thailand reinsurance segment

Scope

This report provides a comprehensive analysis of the reinsurance segment in Thailand:

• It provides historical values for the Thailand reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the Thailand reinsurance segment, and market forecasts to 2020.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Thailand, and the reinsurance segment's growth prospects.

• It analyzes various natural hazards and their impact on the Thailand insurance industry.

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Thailand reinsurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Thailand reinsurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Thailand insurance industry, and their impact on companies and the industry's future.

Key Highlights

• The Office of Insurance Commission (OIC) has proposed to increase the minimum capital requirements for insurers under the new risk-based capital (RBC) 2 framework.

• There are no specific regulatory provisions for reinsurance arrangements in Thailand. However, insurers are required to submit details annually on reinsurance arrangements to the regulatory authority.

• The formation of the Association of Southeast Asian Nations (ASEAN) members to form the ASEAN Economic Community (AEC) in December 2015 created a single market. This provides significant growth opportunities for the insurance industry.

• The Ministry of Finance made amendments to regulations on foreign shareholding on January 18, 2017, allowing foreign insurers to acquire a 100% stake in domestic insurance companies.
 Table of Content

1 KEY FACTS AND HIGHLIGHTS

2 EXECUTIVE SUMMARY

3 ECONOMY AND DEMOGRAPHICS

4 REINSURANCE OUTLOOK
4.1 Reinsurance Segment Size, 2011-2020
4.1.1 Total reinsurance premium accepted
4.2 Reinsurance Segment Size by Premium Ceded, 2011-2020

5 NATURAL AND MAN-MADE HAZARDS
5.1 Flooding
5.2 Droughts
5.3 Earthquakes
5.4 Exposure

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Thai Reinsurance Public Company Ltd - company overview
6.1.2 Thaire Life Assurance Public Company Ltd - company overview
6.1.3 Asian Reinsurance Corporation - company overview

7 DEFINITION AND METHODOLOGY
7.1 Definitions
7.2 Methodology

8 ABOUT TIMETRIC
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetric's Services
8.4 Disclaimer
List of Tables

Table 1: Thai Reinsurance - Key Facts, 2015
Table 2: Thai Reinsurance - Segment Shares of the Top Insurers, 2015
Table 3: Thailand Government Credit Ratings
Table 4: Thai Reinsurance - Total Premium Accepted (THB Billion and US$ Billion), 2011-2015
Table 5: Thai Reinsurance - Total Premium Accepted (THB Billion and US$ Billion), 2015-2020
Table 6: Thai Reinsurance - Premium Ceded by Type of Insurance (THB Billion), 2011-2015
Table 7: Thai Reinsurance - Premium Ceded by Type of Insurance (THB Billion), 2015-2020
Table 8: Thai Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
Table 9: Thai Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 10: Thai Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
Table 11: Thai Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 12: Thai Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2015
Table 13: Thai Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2015-2020
Table 14: Thai Reinsurance Industry - Leading Insurers
Table 15: Insurance Company - Key Facts
Table 16: Thaire Life Assurance Public Company - Key Facts
Table 17: Asian Reinsurance Corporation - Key Facts
Table 18: Insurance Industry Definitions

List of Figures

Figure 1: Thailand Real GDP (THB Billion), 2011-2020
Figure 2: THB-US$ Exchange Rate, 2011-2020
Figure 3: Consumer Price Inflation, 2011-2020
Figure 4: Current Account Balance (% of GDP), 2011-2020
Figure 5: Thailand Unemployment Rate, 2011-2020
Figure 6: Thailand Population by Age Group, 1990-2025
Figure 7: Thai Reinsurance - Total Premium Accepted (THB Billion), 2011-2020
Figure 8: Thai Reinsurance - Premium Ceded by Type of Insurance (THB Billion), 2011-2020
Figure 9: Thai Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2011-2020
Figure 10: Thai Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 11: Thai Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 12: Thai Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2011-2020
Figure 13: Thailand - Frequency of Hazards by Type, 1990-2014
Figure 14: Thailand Mortality by Hazards Type, 1990-2014
Figure 15: Thailand Economic Loss by Hazards Type, 1990-2014 



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