Thailand Shifts Disaster Risk to Insurers With $467 Million Plan

Thailand plans to roll out government-funded disaster insurance covering ~30 million high-risk households, aiming to reduce fiscal exposure to floods and other catastrophes. The government also intends to move part of the rising catastrophe costs to private insurers, signaling a gradual shift toward public–private risk sharing. Near-term market impact is likely limited, but it could modestly affect insurers’ underwriting demand and pricing for disaster-related coverage.