Insurers are taking proactive steps to address reinsurance costs and the impact of NatCats, while post-covid conditions should positively impact claims and underwriting profitability.
The government's efforts to promote motor insurance awareness and ongoing infrastructure projects present both opportunities and challenges for insurers operating in the dynamic Thai market.
The Swiss Re Institute identified NatCat, agri, health, and mortality as four key perils - with the protection gap widening to US$1.8 trillion globally.
