The world is aging. Seniors are more likely to have developed chronic conditions, which make them more difficult to insure. Brokers like Pacific Prime Thailand are working harder to educate clients about the ramifications of pre-existing conditions as it pertains to health cover.
Thailand has a reputation for quality healthcare at a low cost, but this can go to extremes, as expats living in the Land of Smiles often get caught off guard by the high cost of care at hospitals like Bumrungrad.
Taxes for businesses in Thailand are varied and impactful. They also come into play where employee benefits are concerned, so brokers must be ready to help companies and their staff when tax issues arise.
Corporates in Thailand saw very large premium increases in 2018. While it isn't great news for many, for brokers it is an opportunity to connect with businesses and help them find ways of lowering premiums in a sustainable manner.
The competition for brokers is very healthy in Thailand, which can cause headaches for buyers, as it can be hard to know which broker to partner with.