Group expects non-life sector to maintain growth

The non-life insurance industry is projected to maintain steady growth in 2026, with written premiums surging 2.5-3.5% to 303 billion baht despite rising risks from climate change, technology disruption and global economic uncertainties, says the Thai General Insurance Association (TGIA).

- NUNTAWUN POLKUAMDEE

TGIA president Somporn Suebthawilkul said the sector posted direct written premiums of 215 billion baht in the first nine months of this year, up 2.89% year-on-year. For the full year, premiums are expected to grow 2-3% to 292-295 billion baht.

"Although 2025 has been marked by multiple risk factors, including natural disasters, accident-related losses and economic volatility, the non-life insurance industry has remained resilient and adaptive," Mr Somporn said.

Looking ahead to 2026, he said the industry faces increasingly complex challenges, including climate change, rapid technological advancement and shifting consumer behaviour towards more risk-specific insurance solutions.