Reference
·Primary source
Thailand pet insurance gross written premium (2022-2024)
~THB 350-400M (2024)
Pet insurance gross written premium reached an estimated THB 350-400 million in 2024 per Office of Insurance Commission (OIC) statistics and industry estimates, up from roughly THB 80 million in 2022. Bangkok Insurance, Roojai, Dhipaya Insurance, and Tokio Marine Safety Insurance lead the underwriter set with policy counts in the 30,000-50,000 range each by year-end 2024. Penetration remains under 2% of the addressable pet-owning household base, signalling material growth runway as bancassurance and direct-to-consumer digital channels mature.
Figure in context
Pet insurance gross written premium reached an estimated THB 350-400 million in 2024 per Office of Insurance Commission (OIC) statistics and industry estimates, up from roughly THB 80 million in 2022. Bangkok Insurance, Roojai, Dhipaya Insurance, and Tokio Marine Safety Insurance lead the underwriter set with policy counts in the 30,000-50,000 range each by year-end 2024. Penetration remains under 2% of the addressable pet-owning household base, signalling material growth runway as bancassurance and direct-to-consumer digital channels mature.
Interpretation notes
What this tells you
Pet insurance gross written premium reached an estimated THB 350-400 million in 2024 per Office of Insurance Commission (OIC) statistics and industry estimates, up from roughly THB 80 million in 2022. Bangkok Insurance, Roojai, Dhipaya Insurance, and Tokio Marine Safety Insurance lead the underwriter set with policy counts in the 30,000-50,000 range each by year-end 2024. Penetration remains under 2% of the addressable pet-owning household base, signalling material growth runway as bancassurance and direct-to-consumer digital channels mature.
What not to do with it
Values in THB million. Gross written premium across all licensed pet insurance products.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand pet care sector revenue (2020-2024)
Euromonitor International Pet Care Thailand, Kasikorn Research Center, Bank of Thailand consumer surveys
Thailand companion pet population
Thai Veterinary Medical Association, Kasikorn Research Center, Department of Livestock Development
Thailand pet food brand share (2024)
Nielsen Thailand retail audit, Euromonitor, Perfect Companion / ICC International disclosures
Thailand registered veterinary hospitals and clinics (2020-2024)
Veterinary Council of Thailand, Department of Livestock Development, Thonglor Pet Hospital disclosures
Thailand pet humanisation annual spend per pet
Kasikorn Research Center pet owner survey, Euromonitor, Perfect Companion consumer studies
Thailand premium pet food segment CAGR (2020-2024)
Euromonitor International, Kasikorn Research, Royal Canin Thailand investor materials
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