Thailand flood losses manageable for insurers
While the current flooding in Thailand is unusually severe and economically costly, the insured losses are likely to be at a manageable level and will not trigger widespread solvency problems, or undue financial strain, for the country's non-life insurance players according to Fitch.
By virtue of its geographical location and climate, several regions within Thailand are susceptible to seasonal flash-floods. Flooding in the central, north and north-eastern provinces are
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