Governance, Risk and Compliance – The Slovakian Insurance Industry: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Due to the ageing society, low penetration rates and growing liberalisation in Thailand, the insurance sector in Thai is expected to grow and has huge potential in the forthcoming years. Owing to higher living standards and disposable income, Thais are interested in wealth – related products and are expected to have demand for risk related financial services. However, due to the weak economy of the country, the insurance industry is expected to grow slowly but steadily in the coming years, with rising gross premiums. In the past years, non – life insurances have grown faster. But the potential for life insurance is far larger, almost twice the size of general insurance market. Life insurance growth doubled over the last decade. In the non- life insurance market, motor vehicles record for the highest gross premium. Due to the restrained spending power of the consumers, there is much trouble in motor insurance due to over- dependence on motor coverage. Insurance penetration and density in Thailand has been increasing. The demographics of the country is useful in studying this. The nation is ageing quickly and has the oldest population in South – east Asia. The country does not have social security to the elderly population and insurance sector could make a huge difference here by introducing saving products. However, insurers are in a deadlock; due to the ageing population, the business has slowed down and the existing rules in the country make it difficult to invest overseas for better opportunities. The market is full of opportunities; it is both fragmented as well as concentrated, with many players as well as leading market player with large market share. The distribution of insurances happen mostly through brokers and agents; however Thai insurers are exploring digital penetration of insurance products. Ken Research’s Governance, Risk and Compliance- the Thailand Insurance Industry provides an overview of the insurance regulatory framework in Thailand. It gives the latest key changes, and changes expected in the country’s insurance regulatory framework. The report provides key regulations and market practices related to different types of insurance product in the country and rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Thailand. The key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations and details of the tax and legal systems in the country are detailed in the report. For more information, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/thai-insurance-industry/156673-93.html Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91 9015378249 Tags: Thailand Insurance Industry Competition Analysis, Thailand Insurance Industry Growth, Thailand Insurance Industry Market Analysis, Thailand Insurance Industry Research Report, Thailand Insurance Industry Revenue, Thailand Insurance Industry Size, Thailand Insurance Industry Trends, Thailand Insurance Market Outlook, Thailand Insurance Market Share, Thailand Insurance Market Volume