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Monday, January 09, 2006
2005 WRAP-UP / INSURANCE: Thais slowly warm up to life coverage
No more than 16% of country’s population hold policies. Although the insurance industry is expected to have grown 10.69 per cent to Bt255.25 billion in total premiums in 2005, its role has yet to make a big impact on the market. Legal infrastructure for insurance was first implemented in 1911, but even with 25 active life-insurers, still only 16 per cent of the country’s 65 million people have taken out a life-insurance policy. Read more...posted by Charles Monat Associates at 1:43 PM
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