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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, November 7, 2026

Thailand.

News and analysis of insurance in Thailand, covering market trends, regulation, underwriting, claims, and key industry developments.

Features and key stories

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Mandarin Re targets growth with existing cedants amid softening market
COO Grishin sees expansion opportunities in the Philippines, Thailand and Malaysia, but growth will be driven primarily by existing clients in Vietnam and Indonesia.

Thailand leads Asia commercial rate declines in Q3 as property softening deepens
Taiwan, South Korea and Malaysia followed with declines of 15%, 13% and 10%, while Japan and Vietnam were the only markets to record increases, according to Marsh.

Dhipaya identified as lead insurer in deadly Bangkok pub fire
The venue was insured under a fire policy with total coverage of THB40m (US$1.19m).

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs
The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Thailand's OIC puts insurers at centre of resilience push as risks and costs rise
The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's...

Dhipaya and Muang Thai Insurance expediting claims payouts after fatal Bangkok bus-train crash
The bus carried compulsory and voluntary cover with the insurers, as BMTA pledged 1.5m baht (approx. US$45,900) in preliminary compensation to each deceased's family.

Vietnam breaks from Asia’s soft market trend as commercial rates rebound to 15% in Q4
Korea led the region’s softening with a 17% composite rate drop, while Taiwan and Hong Kong SAR also posted double-digit declines, according to Marsh data.

Dhipaya Insurance named as lead construction insurer in Bangkok-Ubon train incident
Dhipaya, Bangkok Insurance and Intra Insurance underwrote the Contractor All Risks (CAR) cover tied to the 14 January crane collapse which killed at least 32 people.

Canopius APAC positioned for renewals growth with enhanced team
Specialty (re)insurer has added new underwriters to deal with softer market conditions.

South Korea, Thailand, India on Gallagher Re's radar for regional growth
Broker's head of APAC looks to build on momentum in Asia-Pacific following acquisitions in China and Australia earlier this year.

APAC motor premiums soar in Q1 but rising claims pressure margins
Claims inflation weighs on APAC's motor insurers, eroding margins in key markets despite double-digit growth in the Philippines, Vietnam, and India.

South Korea's commercial insurance rates fall 25% in Q2 as softening trend continues across Asia
Intense competition drives broader coverage and more favourable terms amid falling premiums across the region.

Rising medical inflation tests Thai health insurers
The March introduction of compulsory copayment rules is expected to slow healthcare inflation, but demographic challenges remain.

Chubb to acquire Liberty Mutual's P&C businesses in Thailand and Vietnam
Acquisition is pending regulatory approval with Thailand expected to be finalised by Q2 and Vietnam by early 2026.

Demographics and GDP growth to power SEA health insurance sector 
Southeast Asia's young population and varying levels of public healthcare pose challenges and opportunities to private insurers.

Allianz Ayudhya blooms in Thailand post-Covid health market
Allianz’s CEO says acquisition of Aetna’s Thai arm gives the insurer scale to meet increased customer appetite for health cover.
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Latest

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People moves

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20 October 2026
ERGO Thailand names Prasirt Rerkumnuaychok as chief distribution officer
16 September 2026
Coface names Natthaphan Phanitchawong as head of commercial for Thailand 
14 September 2026
TQR adds Tanasta Dhadasih to specialty reinsurance team as assistant VP,  business development
31 August 2026
Chubb promotes Candy Huang to Southeast Asia financial lines leadership role
27 August 2026
AIG names Pongprat Suwan country head of trade credit for Thailand
24 August 2026
Allianz names Heibutzki, Park for top Thailand roles ahead of Wilson's retirement
18 August 2026
Generali Thailand welcomes Grace Allison Toh as chief agency officer
17 August 2026
Aon appoints Adithep Prateepratana as Thailand health client leader
07 August 2026
Chubb Life Thailand names Sahapol Polpathapee deputy country president, agency chief
06 August 2026
WTW hires Andrew Morgan to lead expatriate and high-end medical in Asia Pacific
13 July 2026
Aon hires Metat Sae-Jan as Thailand head of life & health reinsurance
24 June 2026
Howden names Supaporn Chanin as director, power and energy for Thailand

Editor's choice

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All stories

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Aerial view of wind turbines in thailand.
A blue jigsaw puzzle with cars on the street.
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