...Life Insurance: Established Players Dominate, Solid Growth The Thai life insurance industry continues to be dominated by the six largest in that segment, which accounted for about 80% of the total market share by premiums in 2014. They have a solid domestic market franchise, and benefit from strong distribution capabilities. Growth potential remains strong, which has attracted foreign interest in recent years as evident from stake purchases by Meiji Yasuda, Prudential, Pacific Century Group in Thai life insurers. The industry expanded by 14% yoy in 2014 despite a low GDP growth of 0.7%. Non-Life Insurance: Fragmented Industry, Growth to Return in 2015 The fragmented Thai non-life insurance industry consists of 63 companies, of which the top seven have only a 53% market share by premiums in 2014. Consolidation in the future is likely in response to upcoming regulatory changes. Fitch expects non-life insurance growth to pick up in 2015, supported by economic expansion. The sector experienced...
