27/03/2018
According to Fitch Ratings, the life market in Thailand is seen to maintain its growth this year. In 2017, the life market grew 5.9%. This year (2018), the Thai Life Assurance Association expects the sector to expand by between 4% and 6%.
The ratings agency cited likely sales growth from new bancassurance partnerships and a bigger pool of licensed agents who are eligible to sell investment-linked insurance as potential drivers of growth for 2018.
Nevertheless, Fitch predicts that Thailand’s insurance sector will see robust performance in the sales of unit-linked and annuity products.
Source: http://insuranceasianews.com/topics/legal-regulatory/thailand-life-market-to-maintain-growth/