Thailand Wealth Management Forum 2019 - Highlights - Samdarshi Sumit

Samdarshi Sumit of Generali

May 13, 2019

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1. What are the opportunities and challenges for the industry?

Video transcript

1. What are the opportunities and challenges for the industry?

There are a good number of opportunities in the Thailand market. The market is moving towards people valuing insurance as a protection product. I personally see strong growth in the unit link segment, because people see opportunity in investment and insurance. And around health insurance, we see some serious opportunities. The challenge in the industry is, of course, that interest rates have been coming down. That challenges the customer proposition for insurance to be a savings product. That's a challenge and that's why overall the market is shrinking a little bit in new business, because it's not able to channelize savings into insurance products.

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