Thailand's insurance regulator, the Office of Insurance Commission (OIC), has revealed that total premiums in the Thai insurance business for 2025 has reached THB969bn ($29.61bn), despite volatile economic conditions and risks. It represents a 3.17% increase from 2024.
The breakdown is as follows:
|
Direct premium income
|
THBbn
|
%
|
|
Life insurance
|
676.436
|
+3.62
|
|
Non-life insurance
|
292.785
|
+2.17
|
According to a statement from the OIC, these figures reflect the crucial role of the insurance system as a key mechanism for managing risk for both the public and business sectors, as well as serving as the country’s risk management infrastructure.
Life insurance
In 2025, products with the highest direct premium income were:
- Ordinary life insurance (THB402.807bn)
- Rider health (THB135.083bn)
- Group life insurance (THB41.861bn)
- Unit-linked life insurance (THB41.374bn)
- Annuities (THB21.494bn)
This points to the trend of customers increasingly prioritising health planning, long-term savings and investment alongside insurance coverage, according to the OIC.
Unit-linked life insurance, rider health and annuities also witnessed growth over 10%, with 15.48%, 12.36% and 10.18% respectively.
Renewal premiums also remained high at 72% of total premiums, indicating that the public continues to prioritise ongoing insurance coverage.
Non-life insurance
In the non-life insurance business, the top three products with the highest direct premium income in 2025 were:
- Voluntary motor insurance (THB142.952bn)
- Miscellaneous property insurance (THB30.315bn)
- Compulsory motor insurance (THB20.648bn)
The OIC also noted that non-life insurance business continues to grow due to increased demand for coverage, indicating economic recovery.
The number of new non-life insurance policies increased to 80.55mm a 6.08% increase. The segment also reported a net profit of THB11.677bn in 2025. While the figure represents a 25.2% decrease from 2024, insurers have maintained strong financial positions, with insurers focussing on investments in stable assets such as government bonds, deposits and corporate bonds.