Covid-19 loss experience increase in Thailand

According to the Thai General Insurance Association (TGIA), Covid-19 claims received by insurers reached 60 billion THB (1.8 billion USD) since the beginning of the pandemic in 2020 until the end of March 2022. This is 1.5 times the cumulative Covid-19 claims to the end of 2021.

According to estimates, the incurred losses related to the pandemic could reach 100 billion THB (2.95 billion USD) by the end of April 2022.