The Thai General Insurance Association (TGIA) is backing an initiative to establish a permanent Natural Catastrophe Fund for the country in the first half of 2026, and is currently exploring the use of catastrophe bonds as a form of reinsurance capital to help support the fund, according to a report by the Bangkok Post.
According to the report, TGIA wants to establish the nat cat fund amid increasingly frequent and severe natural disasters events within the country, with an initial sum of 50 billion baht (approximately $1.60 billion).
TGIA president Somporn Suebthawilkul told Bangkok Post that complete implementation of the fund is anticipated in 2027, and it is expected that the fund will enhance long-term risk management within the industry.
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