Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.
HONG KONG —Regulatory reform and the 2011 floods continue to generate pressure for Thailand’s non-life insurance industry as it contends with uncertain loss development, stricter capital requirements and a stagnant investment market, according to a newly released report from A.M. Best Co. Nevertheless, the industry sees the need for a stronger structure that will enhance its competitiveness within the upcoming Association of Southeast Asian Nations (ASEAN) free-trade agreement.
Thailand is positioning itself for a larger role in the region, given its proximity to the opening of Indochina markets in Myanmar, Laos and Cambodia.
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