Insight

Reference

·

Primary source

Non-life insurance premium

~THB 290B

As ofFY2024·Sources1·Primary

Non-life insurance 2024 — 31% of total; motor dominates segment mix.

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Figure in context

Non-life insurance 2024 — 31% of total; motor dominates segment mix.

Non-life insurance 2024 — 31% of total; motor dominates segment mix.

Time scope

FY2024

Source basis

Primary source

Interpretation notes

What this tells you

Non-life insurance 2024 — 31% of total; motor dominates segment mix.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~THB 930B

Total insurance premium

OIC, World Bank

FY2024
~THB 640B

Life insurance premium

OIC premium segment data

FY2024
~THB 45-50B

AIA Thailand new business

AIA Group annual report

FY2024
~THB 100-110B

Muang Thai Life total premium

Muang Thai Life disclosures

FY2024
~THB 37-40B

Dhipaya gross premium

TIPH FY2024 Form 56-1

FY2024
~5.1%

Insurance penetration / GDP

World Bank, OIC

Report context

Thailand Insurance Market Intelligence

Thailand's insurance industry ran ~THB 930B total premium in 2024 (life ~THB 640B, non-life ~THB 290B); 5.1% of GDP. Listed: Thai Life (SET: TLI, THB 90-95B premium), Bangkok Life (SET: BLA), Bangkok Insurance (SET: BKI), Dhipaya Group (SET: TIPH, non-life leader), Thaivivat (SET: TVI). Bank-JV: Muang Thai Life (KBANK × Ageas × TCC), Allianz Ayudhya (Allianz SE × BAY), Krungthai-AXA (KTB × AXA), FWD Thailand (post-2019 SCB Life merger). Foreign-parent: AIA Thailand (new-business leader), Prudential, Tokio Marine. Private: Viriyah (motor leader). OIC RBC2, IFRS 17 2025, health-insurance reform shape 2026-2028 outlook.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

AIA Thailand

Thailand's new-business life leader; agency, KBANK bancassurance; AIA Group HK-listed parent.

Allianz Ayudhya

Krungsri bancassurance insurer — Allianz SE × BAY JV; top-five life, top-five non-life; dominant BAY-channel product distribution.

Bangkok Insurance

Listed non-life insurer; Sophonpanich-family linked; FY2024 gross premium ~THB 27-30B.

Bangkok Life Assurance

Listed life insurer riding Bangkok Bank's bancassurance channel; FY2024 total premium ~THB 44-48B.

Dhipaya Group Holdings

Thailand's largest non-life insurer (Dhipaya / TIP); FY2024 gross premium ~THB 37-40B; listed 2022 as holding.

FWD Thailand

FWD Group Thailand — post-2019 SCB Life acquisition; SCB bancassurance; HK-listed parent.

Non-life insurance premium · Insight