Foreign insurers ‘are confident in Thailand’

26-Nov-2011 Intellasia | Bangkok Post | 7:01 AM Print This Post

Leading foreign insurance companies have confidence in Thailand following the flood crisis, says Virabongsa Ramangura, chair of the Strategic Committee for Reconstruction and Future Development.

Virabongsa yesterday said his recent trip to London yielded successful results as executives of the world’s 13 top insurance firms in London showed positive attitudes toward Thailand and had confidence in the country.

The respected economist, chair of the SCRF, held a press conference at Suvarnabhumi airport to talk about the success of his trip aimed at winning global insurers’ trust in the country’s water management system after several industrial estates in Thailand were hit by flooding.

He said his delegation had explained the government’s urgent short-term measures to prevent future floods. Medium- and long-term measures were also discussed during the meeting.

Executives of Lloyd’s, which reinsured most of the insurance policies by firms operating in local industrial estates, and other global insurance firms have said they will continue supporting insurance businesses in Thailand, said Virabongsa, adding they also praised Thailand for paying more attention to business insurance coverage in the country.


Category: Thailand

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