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%.
Climate change risk could have a significant, irreversible impact on all types of assets held by insurance companies, raising questions about their financial sustainability from a long-term perspective. The Solvency II Prudent Person Principle requires insurers to capture all risks arising from their investment portfolios—which would include climate risk. Climate change risk should be a key consideration in evidencing an insurer’s Prudent Person Principle compliance.
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%.
We’re here to help you break through complex challenges and achieve next-level success.