The 2011 Thai floods: Contingent business interruption insurance insights

The severe floods in Thailand in 2011 had a devastating impact on the country, leaving over 800 people dead and millions affected. In addition, thousands of businesses were hit by flooding, notably in five mega industrial estates in Bangkok which were flooded to a depth of up to three metres. The companies affected spanned a range of industrial sectors including car manufacturers, hi-tech industries, textile manufacturers, distributors and retailers.

Based on Echelon's work in Thailand, this white paper identifies a number of key issues around contingent business interruption claims and outlines valuable lessons learnt.