For this issue of our Thailand non-life insurance market newsletter, we cover performance for all of 2024, and developments for the second half of the year. Overall, direct premiums rose 0.5% in 2024 compared with 2023. Motor led all categories in terms of volume, with direct premiums almost unchanged, down 0.2%. In the third quarter, the underwriting profit for the market fell 30%, versus the same period a year earlier. Our review includes detailed commentary in the following areas:
- Market performance
- New products
- Distribution channels
- Other insurer intiatives
- Key appointments
- Government schemes
- Mergers and acquisitions
- Regulatory updates and initiatives