For this issue of our Thailand non-life insurance market newsletter, we cover developments for the first half of 2023. Overall, direct premiums rose 5.3% from January to June, compared with the same period in 2022. Most lines reported growth, and motor led all categories in terms of volume. As of the first quarter, the net combined ratio for the market fell 98 percentage points. Our review includes detailed commentary in the following areas:
- Market performance
- New products
- COVID-19 insurance
- Distribution channels
- Insurtech
- Rice, maize insurance, and other insurer initiatives
- Mergers and acquisitions, key appointments, and regulatory updates