Thailand

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Thai General Insurance Association
Web: https://www.tgia.org/index-EN

 

POPULATION, 2011-2014 (1)

Year Population
2011 66,720,153
2012 67,091,089
2013 67,448,120
2014 67,741,401

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $539.7
2011 580.3
2012 609.8
2013 674.3
2014 990.1

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $8,400
Life premiums 13,297
Total premiums $21,696
Percent of total world premiums 0.45%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2015

 

  Gross written premiums
Company THB Mn USD Mn
Viriyah Insurance  32,418.6 950.7
Dhipaya Insurance  22,629.0 663.6
Bangkok Insurance  15,295.8 448.6
Muang Thai Insurance  11,097.3 325.4
Syn Mun Kong Insurance  9,927.4 291.1
Safety Insurance  9,002.7 264.0
Tokio Marine Insurance  7,542.4 221.2
Southeast Insurance  6,118.6 179.4
Thanachart Insurance  6,088.3 178.5
LMG Insurance  5,717.2 167.7

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2015

 

  Gross written premiums
Company THB Mn USD Mn
AIA  115,709.3 3,393.2
Muang Thai Life  87,880.4 2,577.1
Thai Life Insurance  68,375.9 2,005.2
Krungthai Axa Life  54,691.4 1,603.9
Siam Commercial New York Life  52,970.7 1,553.4
Bangkok Life  44,840.2 1,315.0
Ayudhya Allianz CP  28,548.9 837.2
Prudential Life  17,426.5 511.0
Fwd Life  17,108.0 501.7
Ocean Life  13,939.6 408.8

Source: Axco Insurance Information Services.

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