KBank Subsidiaries and ASEAN Economic Strategy
K
KASIKORNTHAI
Life Insurance Industry in Thailand
(%)
20.0
17.5
16.5
15.0 17.9
10.0
5.0
Taiwan
Premium per % GDP by Country
6.1 5.8
6.2 6.0
South Korea ☐
Singapore
Source: Swiss Reinsurance
Y2017
■Y2018
Y2019
2.1.5
2.7 2.8
3.3 3.4
3.6 3.3
2.32.3 3.6
Australia
India
Malaysia
China
Thailand
1.51.4
Indonesia
1.2'
1.3
Philippines
1.2 1.3
1.6 1.4
Vietnam
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 #3 in life
insurance industry in Thailand, in 1H20
#3 in total premium with 12.6% market share
Total Premium
(Bt bn)
700.0
Size of Market by Premium(%)
CAGR'11-19: 8%
Market Share by Total Premium in Life Insurance (%)
New Business
Premium
(%)
(Bt bn)
30.0
200.0
180.0 25.0
23.1
2018 2019 1H20
600.0
22.8
627.4
601.7
160.0
500.0
568.3
20.0
537.5
610.9
140.0
21.4
503.9
15.1 14.4 13.7
400.0
120.0
15.0
12.6
9.6
442.5
285.9
15.1
10.1
9.8
391.4
100.0 10.0
13.8
7.4
5.3
8.37
$7.9
300.0
328.6
10.7
5.8 5.9
5.3 5.3
2.4
80.0
4.7
200.0
5.0
8.1
4.04.0
60.0
6.5
5.3
4.1
2.5 8.4
2.1
100.0
40.0
AIA
TLI
MTL SCBLife KTAL
BLA
AZAY FWD
PLT
OLIC Others
20.0
2011
2012
2013
2014
2015
2016
2017
2018
2019
1H20
Total Premium
New Business Premium
Source: The Thai Life Assurance Association
* New Business Premium in 1H20=Bt76.2bn
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 1H20
(%)
Bancassurance Market Share by Total Premium (%)
ธนาคารกสิกรไทย
开泰银行 KASIKORNBANK
30
23.2
23.0
19.3
20 16.2
23.8
11.5 12.7
2018
■2019
1H20
8.2
10
6.17.98.4
8.28.3
13.7
98.0
9.2
7.5
8.1
16.4
7.1
2.3
2.6
0
SCBLife MTL KTAL
TLI
PLT
BLA
FWD
AIA
AZAY
DLA Others
(%)
30
27.9
3.7 4.1 4.1
4.8
4.1 3.5 3.21.4 6.8 3.4
MTL ranked #2 in Bancassurance market
#2 in Bancassurance total premium with
19.3% market share
#2 in Bancassurance new business
premium with 15.6% market share
Bancassurance Market Share by
New Business Premium (%)
20
20.1
15.5
15.6
14.7
2018
2019
■1H20
10
15.8
12.9.19.8
7.19.3
12.9
8.4 8.7
6.6
8.5
8.6
8.7
7.7
6.6
4.6
4.3
3.9
5.2
6.4
6.6
5.4
4.3
6.4 3.1
5.3 2.8 7.8
0
SCBLife MTL
PLT KTAL
TLI
AIA
FWD SELIC DLA
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
93
94View entire presentation