2013-02-20 21:10:44 -
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.
For a full, complimentary copy of the report, please visit www3.ambest.com/bestweek/purchase.asp?record_code=209527 : cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww .. .
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