Thai Life Insurance Sector Sees Steady Growth Despite Geopolitical and Climate Risks

Thailand’s life insurance industry continues to grow steadily, driven by rising demand, an ageing population, and increasing focus on health and retirement planning, according to the Thai Life Assurance Association. In H1 2025, total premiums rose 4.87% year-on-year to THB327bn (USD9.3bn), with gains in both new and renewal premiums. Health riders and pension insurance products led the growth, while investment-linked offerings gained traction amid market volatility. However, the sector faces challenges from geopolitical tensions, climate change risks, and interest rate uncertainty. Insurers are responding with increased tech adoption and ESG integration to maintain competitiveness in a rapidly evolving global market.