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Nov 30, 2021 06:16 PM
WORLD

Thai Insurers Face Huge Losses From Bargain Covid Policies

Commuters wear protective masks outside a BTS station in Bangkok, Thailand, 04 November 2021. Photo: IC Photo
Commuters wear protective masks outside a BTS station in Bangkok, Thailand, 04 November 2021. Photo: IC Photo

(Nikkei Asia) — Sixteen Thai insurance companies suffering losses from cheap Covid-19 policies they began selling last year are crossing their fingers that the regulator will allow them to revoke the policies.

Ten are listed on the Stock Exchange of Thailand, and they recently reported a combined 5.8 billion baht ($176 million) loss for the third quarter through September, according to their earnings reports.

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