The plan also calls for expanded market-based reinsurance, stronger catastrophe protection, and greater technology investment across the agricultural insurance sector.
International reinsurers are expected to absorb over 93% of the proposed programme's THB75bn (US$2.27bn) exposure, with domestic carriers retaining only a small portion of the risk.
Roof tiles have risen 77% in five years and Queensland build costs went up around 45% since 2021, with insurers receiving 409,094 home claims worth A$11.3bn (US$8.1bn) since 2022, according to ICA fig...