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.
Following last year's floods, insurers sharply increased premiums or withdrew cover for flood altogether, fearing a repeat of the devastation.
The 50bn baht fund was set up as a risk-sharing pool with
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