DUBLIN–(BUSINESS WIRE)–The “Thailand Online Insurance Market Outlook to 2027F- Driven by Changing Consumer Needs and Preferences With Availability of Supplies and Reliability of Delivery of the Products” report has been added to ResearchAndMarkets.com’s offering.
The report provides a comprehensive analysis of the Online Insurance market in Thailand.
The report covers overview and genesis of the Insurance Industry in Thailand, market size, Business Model, market segmentations viz by Product Type, by Non- Life Insurance, by Region, by Income and by Mode of Distribution; trends and developments, issues and challenges and comparative landscape including market shares of major companies, competition scenario, cross comparison and financial parameters of major players in the industry.
The report concludes with future market projections of each product segmentation and Analyst recommendations in the Online Insurance Market in Thailand.
Thailand Online Insurance Market Overview
The Online Insurance market in Thailand has grown at an increasing growth rate supported by the increase in continuous growth of aging population in the country along with growing internet penetration and rising use of e-platforms.
Thailand consumers have been evolving dynamically in their quest for convenience, health, and value with the pandemic that forced everyone to issue insurance with rising awareness on financial planning further accelerated these trends along with the changing needs and preferences of consumers. Implementation of Insurance Development Plan 4.0 policy of digitally transforming the country is a major growth driver of the market.
Online Insurance Market Size and Segmentations
The Thailand Online Insurance Market has grown with COVID-19 being the largest driver for the growth in Thailand’s Online Insurance market as it compelled people to issue insurance online which has spurred Health Insurance in the country as people were inclined toward family health security and uncertain circumstances.
Comparative Landscape in Thailand Online Insurance Market
The Online Insurance Market in Thailand is extremely consolidated with one market leader, Prudential Life Assurance contributing majority of the total market share in the industry in 2021.
Companies are competing against each other to acquire and retain clients focusing on providing customer-oriented services, expand geographical presence and advanced customer interface. Key competitive parameters include sectors/ product portfolio, associations/ subsidiaries/ partners, no of policy holders, target for tele-sales representatives, key performance indicators, and operational analysis of insurance departments.
Thailand Online Insurance Market Outlook and Projections:
Online Insurance in Thailand is expected to increase with a robust CAGR owing to a shift to targeted life and non-life insurance management in the country. Factors like rising aging population, increase in mobile commerce, rising health spending by consumers, convenient insurance issuance with minimal paper work along with government and private initiatives in future will drive the market in future.
Key Topics Covered in the Report
Companies Covered:
For more information about this report visit https://www.researchandmarkets.com/r/j0ax04
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