Thailand’s life insurance market has signed to drop by up to 3 per cent this year compared to last year as market demand has fallen, according to research by Kasikorn Research Centre Co Ltd.

Thailand’s Monetary Policy Committee’s decision to cut the interest rate by 0.25 per cent on Wednesday is unlikely to help the property market, which is suffering as a result of the introduction of the loan-to-value or LTV measure, property experts say.