A 15% growth expected in life insurance in 2013

Life and non life premiums rose by 20% in 2012, reporting 18.8 billion USD of turnover. In 2013, the development of the life business is expected to reach 15%. Only 30% of Thai people hold a life insurance policy, which is still below the average of the other neighboring countries. The economic development from which Thailand is supposed to benefit this year will result in increased revenues and savings available encouraging, thus, people to make further life underwritings.