Thailand

Introduction: 

Thailand, officially the Kingdom of Thailand formerly known as Siam, is a country at the centre of the Indochinese peninsula in Mainland Southeast Asia, and has around 67 million of population (2015). The capital and largest city is Bangkok, which is Thailand's political, commercial, industrial, and cultural hub. The country has its own official language called Thai and its local currency called Baht. (sources: Wikipedia,worldpopulationreview)

Thai Insurance Market Landscape shows that the Thai insurance industry has more opportunities to grow. The policy in force per capita of developed countries is more than 100%, while Thailand is only 31% in 2013. (Sources: TLAA & OIC)
The overall middle-income population in Thailand is expected to increase sharply along with their purchasing power. Rising middle class sophistication leads to 15% CARG sum assured per capita in 2013. In addition, demand for retirement planning and health protection will be increasing because Thailand demography is becoming aging society. (Source: NSO)

Moreover, the demand for healthcare protection and pension will be increase substantially due to the high cost of medical and personal care.

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