THAILAND MOTOR INSURANCE MARKET

INTRODUCTION

The COVID-19 pandemic primarily contributed to the overall motor insurance market's decline in vehicle sales.

In terms of the auto insurance industry as a whole, the sector continues to be the most affected, despite its ability to compete effectively in the digital age.

Due to the lockdown, there were no car purchases or sales, so the pandemic had the greatest impact on dealers and offline insurers.

With technology becoming more important, competition is expected to get worse. In addition, most insurers are actively developing their own technology, adopting InsurTech, or partnering with brokers on established InsurTech platforms in order to maintain underwriting efficiency and market share.

Companies that provide health and auto insurance are the most involved in these developments.

THAILAND MOTOR INSURANCE MARKET SIZE AND FORECAST

The Thailand Motor Insurance market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.

RECENT DEVELOPMENT

Bangkok Life Affirmation combined efforts with individual advance business "KTC" or Krungthai Card Public Organization Restricted and Embraces Protection Dealer Organization Restricted to grow new advertising channels for the cruiser credit assurance P Embankment. 

Siam City Protection changed its name to FWD General Protection Public Organization Restricted.The acquisition of Bangkok-based SCI prompted the rebranding.

Top companies hold approximately 60% of the market, resulting in market consolidation.In order to attract uninsured motorists throughout Thailand, insurance company Thaivivat has joined forces with telco AIS.

Through a one-of-a-kind product that is the first of its kind in the world, the idea is to provide a type of coverage that is affordable.

COMPANY PROFILE

• The Falcon Insurance Public Company Limited
• Aig Insurance (Thailand) Public Company Limited
• Bangkok Life Assurance Public Company Limited
• Fwd General Insurance Public Company Limited
• Allianz Ayudhya Assura

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost perThailand Motor Insurance marketright now and how will it change in the next 5-6 years?
2. Average cost to set up aMotor Insurance marketinThailand ?
3. How manyThailand Motor Insurance marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of aThailand Motor Insurance marketand key vendor selection criteria
6. Where is theThailand Motor Insurance market manufactured? What is the average margin per equipment?
7. Market share ofThailand Motor Insurance marketmanufacturers and their upcoming products
8. The most important plannedThailand Motor Insurance marketin next 2 years
9. Details on network of majorThailand Motor Insurance marketand pricing plans
10. Cost advantage for OEMs who manufactureThailand Motor Insurance marketin-house
11. 5 key predictions for next 5 years inThailand Motor Insurance market
12. Average B-2-BThailand Motor Insurance marketprice in all segments
13. Latest trends inThailand Motor Insurance market, by every market segment
14. The market size (both volume and value) ofThailand Motor Insurance marketin 2022-2030 and every year in between?
15. Global production breakup ofThailand Motor Insurance market, by suppliers and their OEM relationship