Muang Thai Life Assurance (MTL) expects to grow in line with the overall insurance industry this year, saying the cooling global economy would have a minimal impact on insurance policy renewals as consumers are more health-conscious following the Covid-19 pandemic.
In 2022, MTL's new insurance premiums grew 10% as health and critical illness premiums increased by 7%. This year, the latter is targeted to grow by more than 7% because of changing customer behaviour as more people are looking for an insurance package to protect their health.
