Thailand-private-health-insurance-marketScope and Market Size

Health insurance policy consist several types of features and benefits. It provides financial coverage to policyholder against the certain treatment, health insurance policy offering advantages including cashless hospitalization, coverage of pre and post hospitalization, reimbursement and various add-ons.

In the health insurance plan several types of coverage are available which is cashless or reimbursement claim. Cashless benefit is available when the policyholder takes treatment from the network hospitals of the insurance company. If the policyholder take treatment from the hospitals which are not in the list network, in that case policyholder meet all the medial expenses and then claim for the reimbursement in insurance company by submits all the medical bills.

These private health insurance provides financial support to the policy holder as it covers all the medical expenses when the policyholder is hospitalized for the treatment. Data Bridge Market Research analyses that the private health insurance market is expected to reach the value of USD 4,831.07 million by the year 2029, at a CAGR of 2.1% during the forecast period. " Individual Health Insurance” accounts for the most prominent type segment in the respective market owing to rise in private health insurance. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Thailand-private-health-insurance-market report endows with a profound overview of product specification, product type, production analysis, and technology by taking into consideration the major factors such as revenue, cost, and gross margin. This market report is the best source that gives CAGR values with variations during the forecast period of 2022-2029 for the market. The study encompasses market drivers and restraints by using SWOT analysis, along with their impact on the demand over the forecast period.  Geographical areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa are also considered for the market analysis. The Thailand-private-health-insurance-marketreport has been prepared based on the market type, size of the organization, availability on-premises and the end-users’ organization type.

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 Some of the key questions answered in this report:

·         How has the Thailand-private-health-insurance-marketperformed so far and how will it perform in the coming years?

·         What has been the impact of COVID-19 on the Thailand-private-health-insurance-market?

·         What are the key regional markets?

·         What is the breakup of the market based on the procedure?

·         What is the breakup of the market based on the injury location?

·         What is the breakup of the market based on the end user?

·         What are the various stages in the value chain of the industry?

·         What are the key driving factors and challenges in the industry?

·         What is the structure of the Thailand-private-health-insurance-marketand who are the key players?

·         What is the degree of competition in the industry?

Market Analysis and Insights: Thailand-private-health-insurance-market

Market Definition

Health insurance is a type of insurance which provide the coverage of all type of surgical expenses as well as medical treatment incurred from the illness or injury. Health insurance applies to a comprehensive or limited range of medical services providing the coverage of full or partial costs of specific services. Health insurance provides financial support to the policy holder as it covers all the medical expenses when the policyholder is hospitalized for the treatment. Health insurance also covers pre as well as post hospitalization expenses.

Regulatory Framework

Under insurance regulation in Thailand regulated by The Office of Insurance Commission, under the supervision of the Ministry of Finance (OIC) regulates insurers, brokers and agents

The Ministry of Finance issued a notification which sets out the requirements to be met when applying for an approval (ultimately issued at Ministerial discretion) to allow >49 per cent foreign shareholding. These include the following: (i) demonstrating a sufficient Capital Adequacy Ratio; (ii) having in place a business plan for promoting stability for insurance companies or the insurance industry; and (iii) establishing minimum credentials of the proposed foreign shareholder (including industry experience and financial position). Any approval is additionally subject to prescribed minimum capital requirements (THB1 billion for non-life insurers and THB4 billion for life insurers), requirement for prior Ministerial approval for subsequent transfer of shares by the majority foreign in certain circumstances, requirement for prior Ministerial approval for the majority foreign shareholder to have more than a single life or non-life insurance presence, and any other condition the Minister sees fit.

A world class Thailand-private-health-insurance-marketreport contains basic, secondary and advanced information related to the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2022 - 2029. Furthermore, this business report presents the data and information for actionable, most recent and real-time market insights which makes it easier to even take critical business decisions. Market research analysis data included in this report lend a hand to businesses for planning of strategies related to investment, revenue generation, production, product launches, costing, inventory, purchasing and marketing. Thailand-private-health-insurance-marketreport gives the knowledge and insights about the new regulatory environment which suits to the organizations.

Thailand-private-health-insurance-marketCountry Level Analysis

Countries Covered-Thailand

Thailand-private-health-insurance-marketShare Analysis

Thailand Private Health Insurance Market, By Type (Critical Illness Insurance, Individual Health Insurance, Family Health Insurance, Disease-Specific Insurance and Others), Health Plan Category/Metal Levels (Bronze, Silver, Gold Platinum and Others), Provider Type (Health Maintenance Organizations (HMOS), Preferred Provider Organizations (PPOS), Exclusive Provider Organizations (EPOS), Point-Of-Service (POS) Plans, High-Deductible Health Plans (HDHPS) and Others), Age Group (Young Adulthood (19-44 Years), Middle Adulthood (45-64 Years) and Older Adulthood (65 Years And Above)), Distribution Channel (Direct Insurance Companies, Insurance Aggregators and Others) Industry Trends and Forecast to 2029

Key player Thailand-private-health-insurance-market

Aetna Inc. (A subsidiary of CVS Health) (U.S.), Cigna (U.S.), AIA Group Limited (Hong Kong), Allianz (Germany), HSBC Group (Hong Kong), Pacific Cross (Philippines), Great Eastern Holdings Limited (Malaysia), ASSICURAZIONI GENERALI S.P.A. (Italy), AXA (France), Income (Australia)

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  MAJOR TOC OF THE REPORT

·         Chapter One: Introduction

·         Chapter Two: Market Segmentation

·         Chapter Three: Market Overview

·         Chapter Four: Executive Summary

·         Chapter Five: Premium Insights

·         Chapter Six: Thailand-private-health-insurance-marketShare by Product & Procedure type

Get TOC Details:

https://www.databridgemarketresearch.com/toc/?dbmr=thailand-private-health-insurance-market

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