, Thailand

Southeast Insurance ceases operations amidst mountain of COVID claims

The company said it cannot pay all the claims for all of its COVID-19 policies.

Thai Group Holdings subsidiary Southeast Insurance has ceased operation due to too many claims on its COVID-19 insurance policies, a report by Bangkok Post said.

TGH said that Southeast Insurance cannot make payment claims for all the COVID-19 policies it issued.

However, TGH said that Southeast Insurance still had T฿1.8b ($540m) worth of net assets left as of 1 January, enough to pay policyholders and stakeholders and compensate employees.

Southeast Insurance is the non-life insurance arm of TGH.

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Top three things killing the insurance industry
Thanks to these threats, 54% of insurers had an ROE below their cost of equity.
How Emma transforms AXA Mandiri's digital strategies
Emma is an all-in-one digital platform that meets the customers' needs, from purchasing an insurance policy to booking gym classes.