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A huge number of Covid-19 insurance lump-sum claims, spurred by the peak of the pandemic in 2021 and early this year, caused the closure of four insurance companies Asia Insurance, The One Insurance, Southeast Insurance and Thai Insurance as they did not have sufficient capital reserves to pay out on the claims. ....
This year has been packed with events that highlighted both progress and setbacks unavoidable realities in the world of business. The year posed challenges for the government and businesses seeking new opportunities post-pandemic, sparked hope among car makers that are anticipating growth of the electric vehicle industry in Thailand, as well as unsuccessful attempts by some companies to further grow their businesses. ....