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Tsunami disaster to raise awareness of need for insurance coverage.
Byline: Charoen Kittikanya
Jan. 7--If anything good emerges from the tsunami that has devastated parts of southern Thailand, it will be a rising awareness of the need for insurance, according to American International Assurance (AIA).
"The devastating tsunami will have a big impact, as it will automatically raise awareness among Thais of the importance of insurance coverage," said Sataya Tepbunterng, vice-president and senior director for agencies at the country's largest insurer. "It would thus be good for the industry."
Unlike Singapore and Malaysia where insurance penetration is relatively high, Thailand has plenty of room for future growth, ...
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Source: HighBeam Research, Tsunami disaster to raise awareness of need for insurance coverage.