For this issue of our Thailand non-life insurance market newsletter, we cover performance and developments in the second half of 2025.

Highlights

• Total direct premium rose 2% in 2025, compared with the same period a year earlier.
• Premiums for motor increased by about 2% for the full year, consistent with the growth recorded in the first half of 2025.
• Health growth slowed in the second half 2025 after a strong 24% increase in the first half, resulting in full-year growth of 18% year over year.
• US tariffs reduced overall trade activity, resulting in a decline in marine premiums.
• As of 2025, net reinsurance expense remained negative, indicating that recoveries from reinsurers exceeded reinsurance costs.
• Market news including information on new products, the 2025 earthquake and flood, distribution channels, other insurer initiatives, and key appointments.
• Details on the latest regulatory updates and initiatives.