Thailand's Office of Insurance Commission (OIC) published a first-half 2025 snapshot of the corporate insurance broker sector, showing it remains a major distribution channel for both life and non-life insurance and pairing the data with consumer guidance on verifying intermediary authorisation and paying premiums safely. Licences remained in force for 750 corporate brokers, comprising 118 life brokers, 500 non-life brokers and 132 licensed for both lines. During January–June 2025, 11 new corporate brokers entered the market while 21 licences ended or were cancelled, leaving the total slightly lower than a year earlier. Based on overall distribution, corporate legal-entity intermediary channels (including broker and bank channels) accounted for more than 45% of total life insurance premiums, while corporate broker sales represented about 71% of total non-life premiums. Premiums sold via corporate brokers totalled THB 227,270 million, down 0.82% year on year, split between life insurance premiums of THB 125,380 million (up 0.31%, 55% of the total) and non-life premiums of THB 101,890 million (down 2.17%, 45% of the total), with bank and non-bank groups holding roughly equal market shares at around 50% each. Ordinary life insurance represented 75% of life premiums sold through corporate brokers and grew 0.52%, while group life and personal accident declined; in non-life, motor insurance premiums grew 0.71% but credit-linked products weakened alongside slower hire-purchase lending, and miscellaneous lines including marine and cargo remained subdued amid volatile international trade. The OIC advised consumers to check that a corporate broker is properly licensed and that any individual seller is acting on behalf of an authorised corporate broker, and to stop transactions or sharing personal data where information cannot be verified or does not match. It also recommended paying premiums via electronic channels, preferably directly to the insurer, and where payments are made to a corporate broker, confirming the broker holds written authorisation from the insurer to receive premiums to reduce cash-handling and fraud risks.
Thailand Office of Insurance Commission 2025-11-25
Thailand's Office of Insurance Commission publishes first-half 2025 corporate broker statistics and urges licence verification and electronic premium payments
Thailand's Office of Insurance Commission (OIC) released a first-half 2025 report on the corporate insurance broker sector, highlighting its significant role in life and non-life insurance distribution. The report noted a slight decrease in broker licences and a 0.82% decline in premiums sold via corporate brokers, totaling THB 227,270 million. The OIC advised consumers to verify broker authorisation and recommended electronic premium payments to mitigate fraud risks.