Thailand’s general insurance premiums climb 4.1%July 18 2018 by InsuranceAsia News Staff
A report released by the Thai General Insurance Association (TGIA) has shown that general insurance gross written premiums in Thailand grew 4.1% in the first three months of 2018.
In addition to the health of the global economy, the growth was partly attributed to government policy encouraging investment and launching large-scale infrastructure projects.
Thailand’s overall economy grew 4.8% in the first quarter with higher exports supporting manufacturing while tourism also helped. The military Thai government has been trying to encourage foreign investment through low interest rates and cutting red tape.
The TGIA expects overall general insurance annual premium growth of between 3.5% and 4.5%.
- January 16
The P&C insurer has appointed company director Apisit Anantanatarat as chief executive.
- January 9
Chayanna Siripirom will lead the Japanese firm's business in Thailand.
- January 8
The unusually powerful tropical storm is unlikely to be a major insurance event.
- November 29
Former Prudential executive Angela Hunter took on the new role earlier this month.