President of the Thai Life Assurance Association. Revealing the overall life insurance business has grown 3-4% compared to the same period last year. And this year’s hottest trend is the health trend. It is expected that this year the life insurance business should grow at a level of 2-3%.
Mr. Sara Lamsam, President of the Thai Life Assurance Association, revealed that the overall life insurance business grew 3-4% compared to the same period last year. It is considered better than many years ago. However, it must be acknowledged that there are many factors that affect the life insurance business. One of them is the economic situation. That is the result of interest and inflation. Which whether interest rates go up or down will affect the life insurance company. Therefore, it must be managed in order to achieve the most balance. And life insurance companies themselves must adapt. Both in terms of insurance forms Changing groupings, however, require risk management for stability and strength.
Meanwhile, this year’s hottest trend is the health trend, as well as the Economic Reporters Association organizing a project to promote health for its members. Life insurance companies must develop health insurance models. To meet the needs of customers Including bringing in technology to make it more unique. However, this must be in accordance with relevant laws.
“The insurance business is now more diverse. People buy insurance because they want to manage risk, for example, they buy it to protect their lives and to take care of those behind them. Buy health insurance in installments to make it lighter in terms of medical treatment. and pension insurance for savings As a result, the overall picture of the insurance business has grown more. It is expected that this year the life insurance business should grow at a level of 2-3%, emphasizing that life insurance is a help. It is not a hindrance,” Mr. Sara said. – Thai News Agency
Source: Thai News Agency