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Original Risk: A Society for Change Agents



Thai catastrophe fund nears launch, policies could be parametric

9th March 2012

Thailand’s new catastrophe fund, established in the wake of the catastrophic flooding the country experienced last year, is nearing launch as the Office of Insurance Commission and people responsible for the fund finalise the details  of the scheme. Thai Reinsurance Plc has been tipped to become the manager of the government sponsored cat fund, it […]

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Thailand no longer considered catastrophe-remote

5th March 2012

Given the extent of the losses experienced from last years flooding in Thailand the country can no longer be considered catastrophe-remote said ratings agency Standard & Poor’s in a report published last week. That’s a pretty big deal as it shows the increasing influence that Asian markets are destined to have on the insurance and […]

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Thailand to establish catastrophe insurance fund

17th January 2012

Thailand’s regulator the Office of Insurance Commission has announced that they are working with members of the re/insurance industry to establish a catastrophe fund which aims to bring more affordable natural catastrophe insurance coverage to households and businesses in the country. The need for a catastrophe fund has been raised since the extreme flood event […]

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Insured losses from flooding in Thailand could be up to $13 billion

2nd November 2011

Estimates for insured losses stemming from the record breaking flooding being experienced across much of Thailand jumped significantly yesterday as reinsurance broker JLT Re suggested that they could reach as much as $13 billion (according to some reports). This followed an update from the Insurance Commissioners Office in Thailand who only put the figure at […]

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