Floodwaters recede | Bangkok Post: business

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Floodwaters recede

After horrific losses from the 2011 floods, the insurance sector has rebounded faster than expected

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More than a year after devastating floods in late 2011 that cost more than US$10 billion in insurance losses and $40 billion in overall losses, Thailand's insurance market has recovered, with foreign reinsurers willing to accept more flood peril risk. 

Pravej: Market has changed forever

But the market landscape will no longer be the same, says the regulator.

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