Currency and Interest Rate Outlook
K
KASIKORNTHAI
Life Insurance Industry in Thailand
(%)
20.0
17.5
16.5
15.0 -17.9
10.0
6.15.8
5.0
6.6
Total Premium
(Bt bn)
Taiwan
South Korea
Premium per % GDP by Country
6.2 6.0
2.11.5
2.7 2.8
3.3 3.4
Singapore _
Australia !
India
Malaysia_
Source: Swiss Reinsurance
■Y2017
Y2018 Y2019
2.32.3 3.6
3.6 3.3
1.51.4
1.3
China
Thailand
Size of Market by Premium(%)
CAGR'11-20: 7%
Indonesia
Philippines
1.2 1.3
1.6 1.4
Vietnam
New Business
Premium
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
In 2019, low penetration rate of 3.3% in Thailand with
a high opportunity for growth
■Muang Thai Life Assurance (MTL) ranked #4 in life
insurance industry in Thailand, in 1H21 with 12.2%
market share of total premium
#4 in life insurance industry in Thailand, in 2020
Market Share by Total Premium in Life Insurance (%)
Source: The Thai Life Assurance Association
(%)
(Bt bn)
2019 ■2020 ■1H21
700.0
600.0
627.4
500.0
601.7
568.3
537.5
610.9
400.0
503.9
442.5
300.0
391.4
328.6
200.0
100.0
30.0
200.0
600.2 1
24.3
180.0
25.0
24.2
I
160.0
20.0 23.1
140.0
13.4
120.0
294.9
15.0
100.0
15.1
13.7
10.0
12.7
80.0
9.6
60.0
5.0
14.9 15.13.7 12.82.2 9.1 8.5 5.86.1 5.25.2 4.1.3
6.56.4
2.4
2.0
5.8
5.3
4.0
2.4 2.4 1.4-4
6.9
40.0
0.0
20.0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
1H21
AIA
FWD
TLI
MTL KTAL BLA
AZAY PLT
OLIC SELIC Others
New Business Premium
Total Premium
* New Business Premium in 1H21 Bt83.7bn
Source: The Thai Life Assurance Association
Note: SCB Life premium is combined with FWD
Total Premium = New Business Premium + Renewal Premium; New Business Premium = First Year Premium + Single Premium
บริการทุกระดับประทับใจ
K
KASIKORNTHAI
Bancassurance Highlights in 1H21
Bancassurance Market Share by Total Premium (%)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
(%)
40
2019 ■2020 ■1H21
30.1
30
28.8
20
18.4
19.9
26.1
10.0
10
22.6
11.3
9.0
8.5
7.8
11.7
9.0
8.4
8.
8.3
3.8.2
8.
0
4.2.9 3.5
1.9.8 2.4 1.1.5 1.7
2.2
3.5 1.3
FWD MTL
KTAL
PLT
BLA
AIA
TLI AZAY SELIC
GT
Others
Bancassurance Market Share by
New Business Premium (%)
(%)
40
2019 ■2020 ■1H21
30
25.6
30.3
17.6
20
16.3
25.6
10
16.6
18.6
9.9
8.1
6.3
8.1
9.1
9.5
9.4
8.
7.3
22.63.4
2.5
2.9
8.8
8.3
0
FWD
MTL
AIA
PLT
KTAL SELIC BLA
GT
TLI
AZAY Others
MTL ranked #2 in Bancassurance market
#2 in Bancassurance total premium
with 18.4% market share
#2 in Bancassurance new business
premium with 17.6% market share
Source: Muang Thai Life Assurance (MTL), The Thai Life Assurance Association (TLAA) monthly report (new format)
Note: SCB Life premium is combined with FWD
Bancassurance premium include all bank partners' premiums of MTL
บริการทุกระดับประทับใจ
93
94View entire presentation