In 2011 as unprecedented damages from floods hit the non-life segment, Thailand’s insurance industry caught the world’s attention. But while loss ratios for property surged, the industry’s claim settlements continued to function efficiently and provided a crucial source of financing for post-crisis reconstruction.
The unsuccessful attempted takeover of American International Assurance (AIA) by the UK’s Prudential Insurance (Pru) in early 2010 focused investors’ attention on the important growth prospects in Asia’s life insurance industry. While this would have translated into a minor player overtaking a major one, unlikely given Pru’s negligible presence, it...
The worst floods in half a century are having profound effects on the non-life insurance market. What is shaping up to be the third-largest insurance payout in its history is having repercussions not only on the fragmented local market but also on global reinsurance markets (most notably through the Lloyd’s insurance pool in London). As 2012 wears...
THE COMPANY: Siam Cement (SCC) was established in 1913 and became a listed company in 1975. SCC is a diversified industrial firm with operations in the cement, petrochemicals, paper, and building products manufacturing and distribution industries. SCC’s petrochemicals operations are its largest...
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