Thailand
Asia View from the Top: Risk and opportunity abound
The economy of Asia has been rapidly growing. It now accounts for one-third of world gross domestic product and is likely to exceed 50% by 2050.
Bangkok Insurance to sell products in Laos and Cambodia
Bangkok Insurance has confirmed plans to sell its products in Laos and Cambodia in preparation for the region's economic integration in 2015.
Reinsurers more risk-focused after Asian catastrophes
The spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite according to Fitch Ratings.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Thai officials confident of securing reinsurance for £1bn flood fund to meet demand
The Thai Office of the Insurance Commission is to seek extra reinsurance from international players to meet demand for the state-owned natural catastrophe fund.
Thai insurers back new E-claim service for RTAs
Victims of car accidents in Thailand will be treated by hospitals whether they have insurance or not under a new scheme launched by local insurers and the Office of the Insurance Commission.
Marine market favourable for buyers despite losses
Conditions in the marine insurance market remain generally favourable to buyers, despite a series of natural catastrophes and other significant losses since the beginning of 2011, according to a report from Marsh.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Thailand ceases issuing new insurance licences
Foreign investors wishing to enter Thailand’s insurance market are to be denied new licences for at least five years as the country targets a staggered liberalisation of the financial services sector.
Labuan Re ratings affirmed after capital raising
AM Best has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of 'A-' for Labuan Reinsurance.
Asia’s next big growth market
Asia-Pacific is still very much the place to be in insurance terms but as Jenni Marsh reports the less traditional markets, outside of China and Japan, are expected to be the real growth stories in the coming years.
Challenging conditions for loss adjusters in the wake of 2011's nat-cats
Difficulty sharing information, lack of access to affected areas and cultural differences hampered loss adjusters in the aftermath of 2011's devastating natural disasters, according to industry insiders.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
European investors warned over hidden flood exposures in international interests
European investors in emerging markets and their insurers need to be more aware of possible exposure to flood risk, according to Swiss Re's head of flood risk.
Local insurers return to Thailand flood market
Local insurers in Thailand are increasing their appetite for flood risk and reducing their dependence on the government's Catastrophe Insurance Promotion Fund, according to the fund's chairman Payungsak Chartsuthipol.
ISA 2012: Insurers urged to sharpen up claims management processes
Rising claims recorded in Asia due to the Thailand floods and Japan earthquakes mean that optimising claims management is critical for insurers seeking to improve customer satisfaction.
ISA 2012: Insurer bosses claim no foreign player has 'Pan-Asian edge'
As mature markets sink deeper into the eurozone crisis, Asia remains a bright spot for global insurers. That was the view of Johnny Chen, CEO of Zurich Financial Services, who told the audience at ISA 2012 yesterday that he remains positive in his firm's…
Q&A with RSA's Phil Bulgin
Despite media coverage of Asia's restrictive and sometimes protectionist regulatory regimes, the markets remain appealing to foreign insurers. Philip Bulgin, RSA's head of mergers and acquisitions in emerging markets, spoke to Francesca Nyman about Asian…
China is world's worst for flood risk
China has been ranked as the world's top flood risk zone in a report by Swiss Re, ahead of fellow emerging economies Brazil, Rusia and India, The Taipei Times reported.
Online video: Commercial property - managing natural disaster risk
Globally, 2011 was a record year for natural catastrophe losses, highlighting flood risk as an issue of major concern for corporates, their brokers and insurers.
Countdown to ISA: Q&A with RSA's Chris Colahan
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Chris Colahan about his views on the Asian insurance market.
Countdown to ISA: Q&A with KPMG's Martin Noble
As part of a series counting down to Insurance Strategy Asia, Insurance Insight spoke to Martin Noble about his views on the Asian insurance market.
IT systems make Asian acquisitions an attractive option for insurers
Flexible and efficient IT systems are essential for insurers aiming to bolster Asian operations through acquisitions, according to IT consultancy Northdoor.