Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Thailand
THAFCLOFINPXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
243,206,434,597.08
Year-over-Year Change
-41.55%
Date Range
1/1/2007 - 1/1/2024
Summary
This economic trend measures the outstanding deposits for non-life insurance at insurance corporations in Thailand. It provides insight into the financial services usage and liability levels of the Thai insurance sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Thailand tracks the total deposits held by non-life insurance companies in Thailand. This metric is used to assess the financial activities and liability structures within the Thai insurance industry.
Methodology
The data is collected through surveys of insurance corporations operating in Thailand.
Historical Context
Policymakers and market analysts utilize this trend to monitor the financial health and liability exposure of the Thai insurance sector.
Key Facts
- Thailand is the second-largest insurance market in Southeast Asia.
- The non-life insurance sector accounts for over 40% of Thailand's total insurance industry.
- Outstanding deposits for non-life insurance have grown by an average of 6% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding deposits held by non-life insurance companies in Thailand, providing insight into the financial services usage and liability levels of the Thai insurance sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for policymakers and market analysts to monitor the financial health and liability exposure of the Thai insurance industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of insurance corporations operating in Thailand.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts utilize this trend to assess the financial activities and liability structures within the Thai insurance sector.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits for Non-life Insurance at Insurance Corporations for Thailand (THAFCLOFINPXDC), retrieved from FRED.