Swiss Re' Institute's latest report highlights positive APAC trends - including the rise of Emerging Asia and potential of the Indian market - however inflation risk remains a key concern.
The National Financial Regulatory Administration aims to complete central level reforms and identify risks at financial institutions, with local level reforms to follow in 2024.
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.