Page 32 - TGIA_AnnualReport2023_EN
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Thai General Insurance Association
32 Annual Report 2023
Key Statistics
Direct Premiums
Direct premiums for all types of insurance have grown every year from 2019-2023. In 2023, direct premiums totaled 284,944
million baht with a growth rate of 3.9%. When considering each type of insurance, it was found that motor insurance and
miscellaneous insurance still grow continuously every year, while fire insurance, marine hull insurance, and marine cargo
insurance have a steady growth trend.
Source: Office of Insurance Commission (OIC)
Direct premium per 1 policy
The average direct premium per policy, including all types of insurance, from 2019 to 2023, has moved between the range of
3,500 - 4,000 baht. In 2023, the average premium decreased from the previous year by 6.4% from 4,379 baht to 4,098 baht.
The highest average direct premium of the insurance is marine hull, followed by motor voluntary insurance, miscellaneous insurance,
marine cargo insurance, fire insurance and motor compulsory insurance, respectively.
marine cargo insurance, fire insurance and motor compulsory insurance, respectively.
Source: Office of Insurance Commission (OIC)
