Insight
Thailand in focus: What's new in Non-Life, August 2022
The latest on Thailand non-life insurance: Premiums rise 2.3% 1H versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
For this second paper in this series, we turn to exploring the Deep, Liquid and Transparent (DLT) assessment conducted by the European Insurance and Occupational Pensions Authority (EIOPA) in 2016-2018. This report provides an update to that assessment to include market data over the last few years. It also explores how changes in that assessment may impact setting the last-liquid point (LLP) and alternative extrapolation weights. We discuss how these changes will have practical implications for hedging. Specifically, changes to the LLP and first smoothing point (FSP) are likely to require substantial hedge portfolio rebalancing, especially around the LLP/FSP.
Insight
The latest on Thailand non-life insurance: Premiums rise 2.3% 1H versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.