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%.
An earlier briefing note introduced an alternative extrapolation method as part of the 2020 review of Solvency II regulations. Since then, interest rates have decreased significantly. This paper analyses the impact on the different extrapolation methods.
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%.
The impact of alternative extrapolation methods and assumptions in times of decreasing rates
This briefing note reviews the impact of lower interest rates on an alternative method that extrapolates long-term interest rates as part of Solvency II regulations.