Blog

Challenges with Thailand’s Online Insurtech Play

In 2015, Thailand’s insurance sector was valued as the 8th largest in Asia, with an annual growth rate of 4.5%. Thai residents spent approximately $334 on insurance every year, accounting for an overall penetration rate of 5.5%. Life insurance accounts for the largest segment within the insurance industry in Thailand. These are annualized premiums paid out in the event of death or permanent disability; or after reaching a certain age. If you subtract life insurance from the overall industry pie, premiums decline considerably to $100/capita. Photo credit: Thaire. And this is where the largest potential for growth lies. Thailand is already considered to be an upper-middle income country by the

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook App Icon
  • Wix Twitter page
  • LinkedIn App Icon

© 2020 by Harprem Doowa's Personal Profile- Entrepreneur in Thailand