Insight
Thailand in focus - What's new in Non-Life August 2022
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
The onset of the COVID-19 pandemic has forced risk managers to throw their plans out the window and rethink how to manage their exposures. Captive formations are still moving ahead, but at a seemingly slower pace. Out of necessity, would-be captive owners are spending their time navigating risk rather than seeking out risk financing alternatives.
This article was originally published on CaptiveInternational.com.
Insight
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.