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Allianz Expects Life Insurance to be Growth Driver for Thailand’s Insurance Sector
Allianz expects the life insurance to be a growth driver for Thailand’s insurance sector over the next decade, averaging around 9.3% growth rate annually. Currently, life insurance makes up 70% of the total premium income in Thailand.
“Currently, life insurance makes up 70% of the total premium income in Thailand.”
Premium income reached 4.9% of GDP in 2016, putting Thailand on par with Germany with respect to insurance market penetration.
The 2023 Investment Day | HK & SG
Where do you invest $250k, $1 million, $10 million, $100 million or $1 billion? Can you generate IRR of 10% / 15% / 20% or more? Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 28th March 2023 in Hong Kong, 4th April 2023 in Singapore, and Virtual Investment Day in April 2023.
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The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business. 86 million retail and corporate clients in more than 70 countries rely on our knowledge, global presence, financial strength and solidity. In fiscal year 2016 over 140,000 employees worldwide achieved total revenues of 122.4 billion euros and an operating profit of 10.8 billion euros. Allianz SE, the parent company, is headquartered in Munich, Germany.
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