Insight

Reference

·

Primary source

Thai farm loss to flood and drought, annual

~THB 18-32B

As ofFY2024 anchor, multi-year average·Sources3·Primary

Average annual farm-level economic loss to flood and drought across Thailand, anchored on BoT Financial Stability Report 2024H2 climate section, ONWR damage tabulations, and OAE production-cost surveys. The headline number behind the parametric coverage thesis.

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Figure in context

Average annual farm-level economic loss to flood and drought across Thailand, anchored on BoT Financial Stability Report 2024H2 climate section, ONWR damage tabulations, and OAE production-cost surveys. The headline number behind the parametric coverage thesis.

Average annual farm-level economic loss to flood and drought across Thailand, anchored on BoT Financial Stability Report 2024H2 climate section, ONWR damage tabulations, and OAE production-cost surveys. The headline number behind the parametric coverage thesis.

Time scope

FY2024 anchor, multi-year average

Source basis

Primary source

Interpretation notes

What this tells you

Average annual farm-level economic loss to flood and drought across Thailand, anchored on BoT Financial Stability Report 2024H2 climate section, ONWR damage tabulations, and OAE production-cost surveys. The headline number behind the parametric coverage thesis.

What not to do with it

Use the linked report for interpretation and keep basis differences explicit.

Related figures

Adjacent numbers that add context without drowning the value.

FY2024
~THB 0.4-0.9B

Thai parametric agri-insurance GWP, 2024

OIC return statistics, FonRice disclosures, reinsurer notes

FY2027 base case
~THB 6-11B

Thai parametric agri-insurance GWP, 2027 base case

OIC, BAAC, reinsurer notes, Insight Research base case

FY2027 target
~60%

BAAC Rai Pen Sook rice-farmer coverage target, 2027

BAAC, MoAC, ARDA

FY2027 base case
USD 200-400M

Reinsurer balance-sheet capacity for Thai parametric agri, 2027 base case

Reinsurer disclosures, Swiss Re Sigma, Allianz Re notes

FY2027 base case
~52%

Rainfall-deficit share of parametric product mix, 2027

OIC filings, BAAC, reinsurer disclosures

FY2024 pilot indicative
~55-78%

Indicative gross loss ratio, Thai parametric agri pilots 2024

FonRice, OIC, reinsurer disclosures

Report context

Thailand Parametric Climate & Agri-Index Insurance 2027 Market Intelligence

Thai farm-loss-to-flood and drought averages THB 18-32B per year, yet traditional BAAC crop indemnity remains loss-adjusted and slow. Parametric (index-based, satellite-triggered) crop insurance is the modern alternative, with Swiss Re Corporate Solutions, Allianz Reinsurance, and the FonRice pool (Krungthep Insurance, Thai Re, ARDA) launching first products 2023-2024 on rainfall deficit, NDVI greenness, and excess water-level triggers. 2027 catalysts: OIC parametric framework finalised 2025, BAAC Rai Pen Sook targeting 60% rice-farmer coverage by 2027 (vs ~28% 2024), ADRiF/SEADRIF sovereign pool, Sentinel-2 plus GISTDA plus GLOFAS data rails, and climate-tech vendor entry (IBM Weather, Tomorrow.io, Reask). Base case GWP THB 6-11B by 2027.

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Atlas actors in this figure's reports

Profiles covered in the report that cite this number.

Allianz Ayudhya

Krungsri bancassurance insurer — Allianz SE × BAY JV; top-five life, top-five non-life; dominant BAY-channel product distribution.

Bangkok Insurance

Listed non-life insurer; Sophonpanich-family linked; FY2024 gross premium ~THB 27-30B.

Tokio Marine Thailand

Japanese-parent non-life insurer; commercial, industrial, Japanese-corporate-client focus; top-five non-life by premium.

Thai farm loss to flood and drought, annual · Insight