Thai non-life insurance sector to see up to 5% growth in 2023

The Thai General Insurance Association expects the local non-life insurance sector to grow by 4.5% to 5% to reach between 282 billion Thai baht ($8.56 billion) to THB287 billion in 2023, driven by economic revival, Asia Insurance Review reported. However, the reinsurance market is tighter, and this may lead to an increase in premiums.