Thailand insurance licence applications fall 11.31% in 2025

Renewals reached 43,897 in Q1 2026 according to the insurance regulator.

Thailand saw total applications for new individual agent and broker licenses fall by 11.31% year-on-year to 104,884 in 2025, which had spill-over effects to this year.

This downward trend continued into the first quarter of 2026, where new applications dropped by 13.40% compared to the same period in the previous year, totalling 19,408, according to Thailand’s Office of Insurance Commission (OIC).

The data, released by OIC Secretary General Chuchat Pramunphon, shows that as of 31 March 2026, the country had 244,048 insurance agents, 2,318 agency offices, 321,759 individual brokers, and 736 corporate brokers. 

The figures show that insurance agents comprise the larger share of the life insurance sector, whereas individual and corporate brokers are more prevalent in the non-life insurance market.

Conversely, license renewals amongst existing individual intermediaries rose. In 2025, renewals increased by 7.44% to 175,401. 

The first quarter of 2026 saw a further 11.97% increase in renewals compared to the first quarter of 2025, reaching 43,897.