Thai Govt to Propose Disaster Insurance for 20M Households

Thairath•Politics•1d ago

Reader Briefing

The Thai government plans to introduce a disaster insurance welfare policy covering three main natural disasters for 20 million households.

•Deputy Prime Minister Pakorn Nilprapunt revealed a plan to use disaster insurance for climate crisis risk management.
•The policy covers floods, earthquakes, and windstorms for approximately 20 million households in risk areas.
•The proposal will be presented at a mobile Cabinet meeting in Songkhla province next week.
•The target implementation date for the system is October 1, 2026.

Overview

•Thailand currently spends 40-50 billion baht annually on disaster relief and recovery.
•Deputy Prime Minister Pakorn Nilprapunt stated the government must shift from end-of-pipe responses to proactive prevention due to limited state budgets.
•The government adopted a model from Japan, adapting it so the government pays basic disaster insurance premiums for citizens as welfare.
•The Office of Insurance Commission (OIC) will oversee the insurance system.
•Insurance companies will pay remedies directly to citizens based on specified criteria, bypassing government disbursement processes for faster and higher coverage.
•Deputy Prime Minister Pakorn Nilprapunt will present the proposal to the mobile Cabinet meeting in Songkhla province next week for approval in principle.
•The government aims to have the system effective by October 1, 2026.

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Source: Thairath (Original)

Key Quotes

Pakorn Nilprapunt

"Implementing the insurance system not only helps people receive faster and more worthwhile remedy but also allows the government to control the budget clearly."

การนำระบบประกันมาใช้นอกจากจะช่วยให้ประชาชนได้รับการเยียวยาที่รวดเร็วและคุ้มค่ากว่าแล้ว ยังช่วยให้รัฐบาลสามารถควบคุมวงเงินงบประมาณได้ชัดเจน

Key Entities

Person

Pakorn Nilprapunt(ปกรณ์ นิลประพันธ์)

Deputy Prime Minister who revealed the disaster insurance risk management guidelines.

Organization

Office of Insurance Commission (OIC)(สำนักงานคณะกรรมการกำกับและส่งเสริมการประกอบธุรกิจประกันภัย (คปภ.))

The agency responsible for overseeing the basic disaster insurance welfare system.

Cabinet(คณะรัฐมนตรี)

The body to which the disaster insurance guidelines will be presented for approval in principle.

Place

Songkhla Province(จังหวัดสงขลา)ℹ️

The location where the mobile Cabinet meeting will be held next week.

Japan(ญี่ปุ่น)ℹ️

The country whose disaster insurance model was studied and adapted by the Thai government.