Association plans to set up Natural Catastrophe FundListen to this articleThe flood-damaged Hat Yai Hospital in Hat Yai district, Songkhla. Nutthawat WichieanbutThe Thai General Insurance Association (TGIA) plans to establish a permanent Natural Catastrophe Fund in the first half of 2026 amid increasingly frequent and severe natural disasters in the country, with an initial sum of 50 billion baht. “The catastrophe fund will be a permanent mechanism, unlike the temporary fund established after the 2011 floods,” he said. “The permanent catastrophe fund is critical to maintaining financial stability and confidence in the insurance sector, as Thailand is increasingly classified as a high-risk natural disaster zone,” said Mr Somporn. The scale of damage has accelerated reforms in catastrophe risk management.

Source: Bangkok Post December 22, 2025 23:46 UTC