Reference
·Primary source
Thailand life insurance industry gross written premium (2020-2024)
~THB 660B (2024)
Thailand life insurance gross written premium (GWP) reached approximately THB 660 billion in 2024 per Thai Life Assurance Association (TLAA) industry data, recovering from the COVID-era plateau of THB 600-610 billion across 2020-2022. New business premium drove the 2023-2024 uplift as bancassurance pushed single-premium endowments and high-net-worth investment-linked products gained traction at AIA, Krungthai-AXA, and FWD. First-year premium grew roughly 4-6% in 2024 while renewal premium remained stable. TLAA forecasts low-to-mid single digit GWP growth through 2026 as aging demographics support whole-life uptake.
Figure in context
Thailand life insurance gross written premium (GWP) reached approximately THB 660 billion in 2024 per Thai Life Assurance Association (TLAA) industry data, recovering from the COVID-era plateau of THB 600-610 billion across 2020-2022. New business premium drove the 2023-2024 uplift as bancassurance pushed single-premium endowments and high-net-worth investment-linked products gained traction at AIA, Krungthai-AXA, and FWD. First-year premium grew roughly 4-6% in 2024 while renewal premium remained stable. TLAA forecasts low-to-mid single digit GWP growth through 2026 as aging demographics support whole-life uptake.
Interpretation notes
What this tells you
Thailand life insurance gross written premium (GWP) reached approximately THB 660 billion in 2024 per Thai Life Assurance Association (TLAA) industry data, recovering from the COVID-era plateau of THB 600-610 billion across 2020-2022. New business premium drove the 2023-2024 uplift as bancassurance pushed single-premium endowments and high-net-worth investment-linked products gained traction at AIA, Krungthai-AXA, and FWD. First-year premium grew roughly 4-6% in 2024 while renewal premium remained stable. TLAA forecasts low-to-mid single digit GWP growth through 2026 as aging demographics support whole-life uptake.
What not to do with it
Values in THB billion. TLAA monthly bulletin is the authoritative series; OIC quarterly statistical report cross-validates.
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