Thai insurance sector seen to continue growth in H2

Muang Thai Life Assurance expects Thailand’s insurance sector to grow steadily in H2 2025 despite global uncertainties and the adoption of the Thai Financial Reporting Standard 17. CEO Sara Lamsam forecasts 2–3% premium growth, supported by continued demand for health-related insurance products and rising interest in legacy planning. New premiums rose 11% in the first four months of 2025, while total premiums increased 6%, according to industry data. MTL has launched two new products—Premier Legacy 99/1 and Flexi Protection 99/20—targeting high-net-worth individuals and those seeking comprehensive life and health coverage. The company remains cautious amid domestic debt concerns, regulatory shifts, and geopolitical risks, but reports stable performance across its Southeast Asian markets, particularly in Laos.