Bangkok--19 Mar--Fitch Ratings
Fitch Ratings says in a new report that Thai life insurers’ strong capitalisations support their growth potential, which will continue to catch the eye of foreign players, while non-life insurers’ solid capital positions will help buffer against risks.
The Thai life insurance industry is dominated by a few established players who have solid franchises and strong distribution capability. Capitalisation and earnings remain solid and supportive of future growth.
The non-life insurance industry is fragmented, with 63 companies involved, though some consolidation is likely in the medium term in response to stronger regulation. The industry has maintained healthy profitability and appears to have fully recovered from the devastating flood in 2011. In addition, the segment’s solid capital position provides some buffer to future potential risks.
The “Thailand Insurance Market Dashboard 2015” is available at www.fitchratings.com or by clicking on the link in this media release.