Thai sector picked for growth in 2nd half

Muang Thai Life Assurance (MTL) expects Thailand's insurance sector to continue expanding in the second half of 2025, despite persistent global economic headwinds and regulatory adjustments under the new Thai Financial Reporting Standard 17.

- BOONSONG LIPIMAS

Sara Lamsam, chief executive of MTL, said he remains cautiously optimistic about business performance in the second half of the year. New premium growth is expected to remain robust, driven by continued demand for health-related insurance products following changes in co-payment structures earlier this year.

“We anticipate overall premiums, particularly from new business, will continue to grow. We recorded a surge in health insurance purchases in the first quarter, and that momentum is expected to carry forward into the remainder of the year,” he said.

“More Thais are opening up to life insurance, driven by a growing sense of care, responsibility, and the desire to leave a legacy for their loved ones.”

For 2025, Mr Sara projects sector-wide insurance premium growth of 2-3%.