The Middle East war has dampened prospects for Thai insurance premium growth this year as energy prices skyrocket along with reinsurance expenses and financial market volatility, warns the regulator.
Chuchatr Pramoolpol, secretary-general of the Office of the Insurance Commission (OIC), said the conflict poses a significant risk to the global economy through rising oil prices, supply chain disruptions, inflationary pressures, and volatility across global financial and capital markets.
