When representatives from the Japanese Financial Services Agency (FSA) paid Thailand's insurance regulator, the Office of the Insurance Commission (OIC) a courtesy visit, they engaged in discussions on supervisory approaches in the insurance sector.
According to a statement by the OIC, the dialogue covered crucial issues and emerging trends with significant implications for the financial sector, including regulatory cooperation in insurance supervision, monitoring of supervisory policy developments and financial sector evolution in Thailand in response to global monetary policy changes.
Other discussion topics included disaster risk management, trend development regarding health insurance products, the operational status of Japanese insurance companies in Thailand and the implementation of IFRS17.