Covid-related claims could hit B3bn as cases continue to riseTotal claims from Covid-19 insurance could soar to 3 billion baht this year as daily infections continue to rise, says Thai General Insurance Association (TGIA) president Anon Vangvasu. The total amount of Covid-19 insurance premiums received as of May 15 stood at 3.5 billion baht from 9 million policies. However, the hike in Covid claims is unlikely to have a major impact on insurance businesses as Covid policies are relatively small with limited protection, he said. In the first quarter, Covid patients with insurance coverage tallied 10% of all cases, however that figure could rise to 20% in April, he said. The figure for accident claims is estimated to be below 62% of auto premiums received.

Source: Bangkok Post May 26, 2021 00:45 UTC