...Finances, Demand Underpin Outlook: Fitch Ratings' outlook on Thailand's insurance sector is stable, supported by healthy financial performance, greater risk awareness, solid capital, growing demand and a progressing regulatory regime. Strong Potential for Growth: Fitch believes the insurance sector will continue to expand in 2015, helped by the economic growth and the market's current low-penetration rate. Growth in the life insurance sector is also driven by the rising middle-income segment, ageing population and tax-reduction benefits, while rising economic activity and private consumption should spur expansion of the non-life insurance sector. Sustained Solid Credit Profile: The agency expects insurers to maintain healthy fundamentals in the next two to three years. The insurance sector's overall credit profile remains robust ¡ with the life insurance pre-tax return on assets at 3.0%, and non-life's combined ratio at 85% in 2013. An insurer's solid capitalisation helps buffer against...
