Daniel Slotta
Research expert covering Greater China
Insurance industry in Thailand - statistics & facts
鈥淟ife without risks is not worth living,鈥 said Charles A. Lindbergh, a pilot who had four insurance policies written for his life, plane, public liability, and property damage in 1927. As life comes with risks, risk management could help mitigate unforeseen outcomes. As of June 2023, there were more than 70 insurance companies in Thailand. In 2022, a survey found health insurance to be the most popular among the insured respondents in Thailand. On the other hand, around 40 percent of the Thais surveyed did not own any insurance products. With that in mind, the total contribution of insurance premiums to the country's GDP was approximately five percent.
