KASIKORNBANK Strategic Acquisition
K
KASIKORNTHAI
Life Insurance Industry in Thailand
20.0
15.0
(%)
117.5
10.0
16.5
14.0
Premium per % GDP by Country
5.0
6.15.8
6.4 6.26.0
Taiwan
South Korea
Singapore
7.6
2.11.5.1 2.7 2.83.2 3.344.0
Australia
India N
Malaysia
2.3 2.3
China
2.4 3.6
3.3
3.4
Thailand S
Y2018
■Y2019
■■Y2020
1.514 1.3121.2 1.61.41.6
Indonesia
Philippines
Vietnam
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
In 2020, Thailand insurance penetration rate
was 3.4% with a high opportunity for growth.
■Muang Thai Life Assurance (MTL) ranked #4 in
life insurance industry in Thailand, in 1Q22 with
11.2% market share of total premium.
#4 in life insurance industry in Thailand, in 2021
700.0
600.0
500.0
601.7
627.4
610.9
400.0
503.9
537.5
568.3
600.2
442.5
300.0 391.4
200.0
100.0
Source: Swiss Reinsurance
Total Premium
(Bt bn)
Size of Market by Premium (%)
CAGR'12-21: 5%
New Business
Premium
(Bt bn)
Market Share by Total Premium in Life Insurance (%)
Source: The Thai Life Assurance Association
(%)
614.11
200.0 30.0
25.6
180.0
25.0 24.3 24.7
2020 ■2021
1Q22
160.0
140.0 20.0
16.7
120.0
15.0
13.4
100.0
13.2
150.4
80.0
10.0
15.4.72.912.129.3.1
8.18.1
60.0
5.85.8
5.9
5.2554
40.0
5.0
4.4'
4.1
4.5
2.4 2.4
2.2
6.6 69
2.4
20.0
0.0
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
1Q22
ΑΙΑ FWD
TLI
MTL KTAL BLA
AZAY PLT OLIC
GT
Others
Total Premium
New Business Premium
* New Business Premium in 1Q22 Bt41.0bn
Source: The Thai Life Assurance Association
Note: Total Premium = New Business Premium + Renewal Premium; New Business Premium First Year Premium + Single Premium
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Bancassurance Highlights in 1Q22
Bancassurance Market Share by Total Premium (%)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
(%)
40
34.6
30
27.3
28.8
19.9
20
20
18.4
10
0
■2020
■2021
1Q22
2.7
13.6 11.3 10.3
91
9.0
9.8
9.6
8.38.38.3
8.7
4.2
7.8 9.28.5 6.9 3.9 3.83.7
FWD
MTL
KTAL
PLT
BLA
AIA
TLI
AZAY
GT
DLA Others
1.5 1.8 1.9 1.9 1.71.4 2.1 1.7
Bancassurance Market Share by
New Business Premium (%)
MTL ranked #2 in Bancassurance market
#2 in Bancassurance total premium
with 13.6% market share
#3 in Bancassurance new business
premium with 11.9% market share
(%)
40
30
30.3 27.4
21.3
20
17.8
14.5
17.1
16.6
11.9
11.1
10.6
10
8.2
8.1 7.7
9.5
10.9
9.2 5.5
www
5.0 3.9
2020
2021
1Q22
3.7 3.6 2.3.34.0
6.1
3.9 3.8
3.7
3.2
2.63.6
0
FWD
AIA
MTL
PLT
KTAL
TLI
DLA
GT
SELIC
BLA Others
Source: Muang Thai Life Assurance (MTL), The Thai Life Assurance Association (TLAA) monthly report (new format)
Note: Bancassurance premium include all bank partners' premiums of MTL
บริการทุกระดับประทับใจ
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