KASIKORNBANK Economic and Subsidiaries Performance Overview
K
KASIKORNTHAI
Life Insurance Industry in Thailand
Premium per % GDP by Country
(%)
20.0
15.0
14.0
11.6
10.0
8.2
6.45.85.4 7.67.57.4
5.0
3.23.23.0 4.03.93.7
1.11.00.9
2.4.12.0 3.43.4.4
Taiwan
South Korea
Singapore
Australia
India
Malaysia
China
Thailand
Y2020
Y2021
Y2022
1.410.9 1.21.51.3 1.61.0.6
Indonesia
Philippines
Vietnam
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
In 2022, 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 1H23 with
11.9% market share of total premium.
#4 in life insurance industry in Thailand, in 2022
Source: Swiss Reinsurance
Size of Market by Premium(%)
Market Share by Total Premium in Life Insurance (%)
Source: The Thai Life Assurance Association
Total Premium
(Bt bn)
CAGR'13-22: 5%
700.0
600.0
New Business
Premium
(%)
(Bt bn)
|
614.1 611.4
30.0
24.9
25.6
■2021
2022
1H23
200.0
25.0
24.0
180.0
500.0
601.7 627.4
400.0
503.9
537.5
568.3
610.9
600.2
442.5
300.0
200.0
100.0
160.0
20.0
16.0
140.0
14.7
15.0
13.2 13.7
14.4
120.0
100.0
4.13.1 11.1.3.1.9
10.0
300.0
80.0
8.1.1 7.4
5.8
60.0
5.2 5.6
5.8 5.9 5.3
5.1
7.1 7.5 7.4
5.0
5.1
4.4
2.0
2.4
40.0
2.3
1.51.7
20.0
0.0
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
1H23
ΑΙΑ
FWD
TLI
MTL
KTAL
AZAY
BLA
PLT
OLIC TMLTH Others
New Business Premium
Total Premium
* New Business Premium in 1H23 = Bt86.8bn
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 1H23
Bancassurance Market Share by Total Premium (%)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
(%)
40
33.6
30
28.6
27.3
18.4
20
20
10
0
■2021
■2022
1H23
99
16.8
15.4
916 911.5
9.18.0
07.8 8.38.77.4 8.58.4
8.7
6.8
6.26.0 3.84.44.5
$1.72.43.2 1.8 1.81.5 2.3.7 2.4
FWD
MTL
PLT
KTAL BLA
TLI
AIA
AZAY DLA
GT Others
Bancassurance Market Share by
New Business Premium (%)
MTL ranked #2 in Bancassurance market
#2 in Bancassurance total premium
with 15.4% market share
#2 in Bancassurance new business
premium with 15.8% market share
30
20
(%)
27.0
21.31.2
18.3
17.1 15.8
17.8
13.3
■2021
■2022
1H23
11.9
10
10.6
8.1
9.87.6
5.3
3.9
7.4
7.79
4.9 5.2
3.9
4.76.14.6
5.9
3.3
6.1
0
2.6 3.4
3.2
4.0
5.8
FWD
MTL
PLT
DLA
AIA
KTAL
BLA
TLI
AZAY SELIC 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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