The Office of the Insurance Commission (OIC) says the insurance sector expanded by 4.5% recently, with total insurance premiums expected to reach 1 trillion baht in 2026, up from 800-900 billion baht at present, according to secretary-general Chuchatr Pramoolpol.
He said over the past 2-3 years, the insurance business was severely affected by the pandemic, with four non-life insurers having their licences revoked.
However, the industry is recovering, with some company margins reaching 1 billion baht, said Mr Chuchatr.
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