ASEAN

Thailand’s Office of Insurance Commission have been discussing ways that the Asean (southeast Asian) region could increase the amount of catastrophe reinsurance cover they acquire and lower their costs. The OIC, who have recently launched their own catastrophe insurance pool, are actively promoting an idea to have an Asean natural catastrophe fund to help the […]

Members of the Association of Southeast Asian Nations (ASEAN) have agreed to press ahead with plans for a disaster insurance fund after a meeting of their finance ministers last Friday in Bali. The ministers agreed that a regional disaster and catastrophe insurance facility is essential to deal with events such as earthquakes, typhoons and tsunamis […]