Mental health in Thailand: insurance can help bridge the protection gap

Swiss Re Institute has conducted a research series on mental wellbeing since 2020, to understand attitudes towards mental health and insurance for adults and children in key markets including Australia, Canada, France, Germany, Japan, Korea, Singapore, Thailand, the UK and the US. This report focuses on Thailand, based on a survey and interviews conducted from March to May 2021.

The results find that more than three quarters (78%) of respondents in Thailand consider their mental wellbeing important, but only 61% are currently satisfied with their mental wellbeing. Most people are aware of psychiatric conditions, and a majority either know someone who has experienced poor mental health (75%) or have suffered with mental illness themselves (53%). Yet only half of sufferers are willing to seek professional help.

Respondents cite the high cost of treatment as the core barrier to seeking help, as well as loss of income. Our survey finds several clear preferences for insurance protection that can support insurers in developing new mental health covers. The main areas which survey respondents in Thailand said they would like coverage are for major depressive disorders, and anxiety and bipolar disorders. Most respondents would welcome early intervention from their insurer should they develop symptoms.

Read the full report to find out more.

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Expertise Publication Mental health in Thailand

The role of insurance to help bridge the protection gap

Mental health in Singapore: insurance can help bridge the protection gap

From 2020, Swiss Re Institute has conducted a series of research on the topic of mental health to understand attitudes towards mental health and associated insurance coverages for adults and children in in key markets including Australia, Canada, France, Germany, Japan, Korea, Singapore, Thailand, UK and the US. This report focuses on Singapore, based on survey and interviews conducted from March to May 2021.

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