EAIC 2014: Thai floods had dramatic impact on SME loss ratio
As a result of the devastating 2011 Thai floods the average combined ratio for small and medium enterprises between 2008 and 2012 grew exponentially.
Medium sized companies fared the worst with a 355.6% combined ratio in 2011 which brought the average COR to 149.1% between 2008 and 2012 compared to 90.7% in the four years which exclude the floods.
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