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%.
This report focuses on the solvency and financial condition reports (SFCRs) published by life insurance companies in 2021 for year-end 2020. Solvency II requires insurers to publish a great deal of information in the public quantitative reporting templates (QRTs) included within the SFCRs. The analysis underlying this report focuses on the information contained in the public QRTs. Where relevant, we have also studied the SFCRs to gain additional insights into some companies, particularly if they displayed characteristics that differed from market norms. Our analysis of the European life insurance market covers 730 companies from 31 countries and three territories.
Analysis of life insurers’ solvency and financial condition reports year-end 2020: European and UK life insurers
Average SCR coverage ratio was 223% at year-end 2020, down from 232% in 2019, but the European life insurance market remains well capitalised.