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LIST OF INSURANCE COMPANIES IN Thailand
ไทย - เอเชีย - โลโก้ของ บริษัท ประกันภัยทั่วโลก. In insurance, a logo is instantly recognizable as synonymous with the brand and allows that the customer associates the company with useful qualities such as trust, the fair price, and many other vital issues on the task of finding the best insurance. Click the logos of the Insurance Companies for getting a bunch of updated information offering each insurer of Thailand. We want to help you to find the best Insurance by the Internet
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Image at Top: Maya Bay, Krabi
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OIC reveals: Insurance exhibits substantial 32.23% growth in October 2012
Office of Insurance Commission (OIC) reveals the insurance business statistics. In merely the month of October 2012, Thai insurance business continued to exhibit a substantial growth of 32.23% compared to the same period last year. The life insurance premiums during October 2012 amounted to 31.41 billion baht up by 25.85% year-on-year. Whereby, the non-life insurance accumulated 18.30 billion baht in premiums rose significantly by 44.83% year-on-year. The total direct premium received during the first 10 months of 2012 is 455.92 billion baht, which increased 20.39% year-on-year.
Pravej Ongartsittigul, secretary general of Office of Insurance Commission (OIC) states that in October 2012 Thai economy continued to witness an upturn resulted from an increase in productivity levels, especially in Automotive and Electronic Components industries. Consequently, direct insurance premium received during the first 10 months of 2012 is totaled at 455.92 billion baht, increased by 20.39% year-on-year.
The total life insurance premiums amounted to 308.59 billion baht up by 17.28% year-on-year. Of the total premiums received, ordinary life insurance garnered the most premiums of 258.37 billion, up 16.89% y-o-y, followed by group life insurance and personal accident insurance with 38.80 billion baht and 4.52 billion baht that rose 25.97% and 9.24% respectively. On the other hand, the non-life insurance accumulated 147.326 billion baht in premiums up by 27.46% year-on-year. Of the total premiums received, motor insurance garnered the most premiums of 84.87 billion baht, up 23.35% y-o-y as affected by the sales of personal cars which experienced a dramatic growth of 263.7% in October 2012, followed by miscellaneous insurance and fire insurance with 50.17 billion baht and 8.00 billion baht that rose 38.84% and 18.90% respectively.
The secretary general further pointed that even though Thai insurance industry has been bombarded by many devastating incidents including severe flood at the end of 2011 and economic recession both internationally and domestically, which of all adversely affect the financial status of many insurance companies but still the industry has proved itself to be strong enough to complete a turn around. Moreover, this year is recorded to be the first year out of more than a decade that non-life insurance business experienced a higher growth rate than life-insurance business.
From Office of Insurance Commission
Pravej Ongartsittigul, secretary general of Office of Insurance Commission (OIC) states that in October 2012 Thai economy continued to witness an upturn resulted from an increase in productivity levels, especially in Automotive and Electronic Components industries. Consequently, direct insurance premium received during the first 10 months of 2012 is totaled at 455.92 billion baht, increased by 20.39% year-on-year.
The total life insurance premiums amounted to 308.59 billion baht up by 17.28% year-on-year. Of the total premiums received, ordinary life insurance garnered the most premiums of 258.37 billion, up 16.89% y-o-y, followed by group life insurance and personal accident insurance with 38.80 billion baht and 4.52 billion baht that rose 25.97% and 9.24% respectively. On the other hand, the non-life insurance accumulated 147.326 billion baht in premiums up by 27.46% year-on-year. Of the total premiums received, motor insurance garnered the most premiums of 84.87 billion baht, up 23.35% y-o-y as affected by the sales of personal cars which experienced a dramatic growth of 263.7% in October 2012, followed by miscellaneous insurance and fire insurance with 50.17 billion baht and 8.00 billion baht that rose 38.84% and 18.90% respectively.
The secretary general further pointed that even though Thai insurance industry has been bombarded by many devastating incidents including severe flood at the end of 2011 and economic recession both internationally and domestically, which of all adversely affect the financial status of many insurance companies but still the industry has proved itself to be strong enough to complete a turn around. Moreover, this year is recorded to be the first year out of more than a decade that non-life insurance business experienced a higher growth rate than life-insurance business.
From Office of Insurance Commission
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