For this issue of our Thailand non-life insurance market newsletter, we cover developments for the second half of 2023. Overall, direct premiums rose 3.5% for the year, compared with those in 2022. Most lines reported growth, and motor led all categories in terms of volume. In the third quarter, the net combined ratio for the market fell nearly 49 percentage points, versus the same period a year earlier. Our review includes detailed commentary in the following areas: 

• Market performance
• New products
• COVID-19 insurance news
• Distribution channels and other insurer initiatives
• Mergers and acquisitions, key appointments and regulatory updates