Articles - Accumulation alert: remembering the 2011 Thai floods


In our latest episode of Risk REconsidered, we shift to a video format as we mark the 15th anniversary of massive flooding in Thailand that began as a regional disaster but grew to into a global supply-chain crisis. Balz Grollimund, who heads Swiss Re's Catastrophe Perils team, says these historic floods endure as reminder of why insurers and reinsurers must work diligently to manage risks and exposures that can accumulate quickly across their portfolios, producing losses well beyond expectations. Like Grollimund says, the Thai floods – still the costliest floods ever for the insurance industry – continue to provide relevant takeaways that we can apply to strengthen society's ability to prepare for and recover from natural disasters.

 

Back to Index


Similar News to this Story

Recent AI developments: considerations for investors
Developments in AI are moving rapidly from technical milestones to broader questions about safety, governance and economic disruption. For investors a
2026: The outlook for motor claims inflation
The Middle East conflict has introduced material claims cost inflation risk for motor insurers. We explore whether the patterns of excess inflation in
Stars of the Future 2026 - Nominations Closing Soon
With nominations closing on 20th September this is your chance to nominate someone for Stars of the Future 2026, sponsored by Star Actuarial Futures.

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.