Insurance Commission Reports Strong Growth, 2025 Premium Income Surges to 969.2 Billion Baht Amid Health Insurance Boom
Thailand's insurance industry grew 3.17% in 2025 with premium income reaching 969.2 billion baht, driven by surging demand for health insurance and investment-linked products. Life insurance premiums led growth at 676.4 billion baht, while
The Office of the Insurance Commission reported that Thailand's insurance business maintained steady growth throughout 2025 despite economic and risk volatility, with total direct premium income reaching 969.2 billion baht, a 3.17% increase from the previous year. Life insurance premiums totaled 676.4 billion baht (up 3.62%), while property and casualty insurance premiums reached 292.8 billion baht (up 2.17%).
Among life insurance products, the top five by premium value were ordinary life insurance at 402.8 billion baht, health riders at 135.1 billion baht, group life insurance at 41.9 billion baht, unit-linked insurance at 41.4 billion baht, and annuity products at 21.5 billion baht. These figures reflect growing consumer interest in health planning, long-term savings, and investment-linked protection.
Outstanding growth was seen in unit-linked insurance (up 15.48%), health riders (up 12.36%), and annuity products (up 10.18%), while renewal premiums represented 72% of total premiums, indicating sustained demand for continuous coverage protection.
Life insurance operations posted net profits of 74.9 billion baht in 2025, up 65.57% from the previous year, driven by improved underwriting results and investment income. Total invested assets reached 4.49 trillion baht, with 61% allocated to government bonds, reflecting financial stability in the life insurance sector.
In property and casualty insurance, the top five products by premium were voluntary motor insurance at 143 billion baht, personal accident insurance at 31.8 billion baht, miscellaneous property insurance at 30.3 billion baht, mandatory motor insurance at 20.6 billion baht, and health insurance at 19.4 billion baht. Motor insurance remains the largest segment, while health and accident insurance showed continued growth momentum.
Property and casualty insurance expansion was particularly strong in health insurance (up 19.75%), travel insurance (up 15.49%), and personal accident insurance (up 6.76%), reflecting economic recovery and increased domestic and international travel, which diversified coverage demand across multiple insurance categories.
