Market Overview

• The direct premiums for the health and personal accident segments amounted to 8,354 million and 28,204 million, respectively.
• The health and personal accident segments come under the non-life insurance category; "in 2017, the top 5 companies dominated 45% market share, and top 10 companies dominated 62.17% market share." The total number of non-life insurers in Thailand is 59.

Key Players (Large Sized Insurers)

• The top 5 players in the large insurer category of the non-life insurance segment include Viriyah Insurance (16.47%), Dhipapya Insurance (8.88%), Bangkok Insurance (7%), Muang Thai Insurance (5.51%), and Southeast Insurance (4.74%).

Direct Premiums Earned by the Players

• The direct premiums for Dhipaya Insurance for the Personal Accident and the Miscellaneous segment (which includes health insurance) amounted to 7,596 million and 7,015 million.
• Viriyah Insurance's miscellaneous insurance category gained 80,470 million Baht growing by 5.43 percent.
• The total amount of direct premium earned by Muang Thai from nonlife insurance segments amounted to 12,102,960. 
• Growth premium for Bangkok Insurance's health and personal accidents segment amounted to 11.3 percent and 5.3 percent, respectively. The written premium for the miscellaneous segment for 2018 was 8,391 million.
• Net premium earned by Southeast Insurance amounted to 5,047 million.

Types of Insurance Products

• The miscellaneous insurance category includes solutions for IARs, public liability, personal accident, health, travel, and bail bond.

Revenue for the Year 2018

• Southeast Insurance: 1,686 million (2017)
• Bangkok Insurance: 17,326 million (2018)
• Muang Thai Insurance Public Company Limited: 9,048 million (2018)
• Viriyah Insurance: 37,922 million (2018)
•  Dhipaya Insurance: 20,521 million

Key Players (Medium Sized Insurers)

• The top 5 players in the medium sized insurer category of the non-life insurance segment include Deves Insurance (2.09%), Road Accident Victims Protection (1.87%), MSIG Insurance (1.71%), ThaiVivat Insurance (1.61%), and AXA Insurance (1.50%).

Notes