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Explosive Growth In Thai Insurance Industry Predicted For 2024

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According to the Munich Re Cyber Risk and Insurance Survey 2024, 87% of global decision makers say their company is currently not In 2023, Thailand’s economy expanded by 1.9%, and growth in the first three quarters of 2024 was 2.3%, driven by an uptick in private consumption and tourism. However,

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These industry titans, along with others such as AXA, AIA, MetLife, Chubb, etc., collectively shape the global insurance narrative through their extensive reach, diverse

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In 2023 the sector grew by 3.7%. Thailand’s life insurance sector is projected to reach a compound annual growth rate (CAGR) of 4.4% from $19.2b in 2024 to $23.1b in 2028.