Thailand

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How do you view new fundraising methods, such as initial coin offerings (ICOs) and crypto-assets, in comparison to traditional ones?

 

While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...

 

Given Thailand’s ageing population, what life insurance products and services are required in order to extend the level of coverage?

 

A steady demand for life products has continued to fuel growth in Thailand’s insurance market, with shifting demographics and government efforts to boost personal and retirement coverage providing opportunities for insurers. In 2017 life insurance premium totalled BT602bn ($17.43bn), an increase of 5.9%, according to the Thai Life Assurance...

 

What new products will roll out in the near term?

 

Steadily improving macroeconomic growth and shifting demographics are creating favourable conditions for the expansion of Thailand’s insurance industry, with reforms aimed at boosting foreign participation supporting a bright outlook for the remainder of 2018. The life insurance segment continues to dominate the country’s insurance landscape,...

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