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Thailand tag returned 99 results

  • Thailand: Regulator may ease liability adequacy rules

    The Office of the Insurance Commission (OIC) wants to ease the liability adequacy test (LAT) computation for life insurance companies to alleviate the impact of falling bond yields on businesses.

    Asia | 16 Sep 2019
  • Thailand: Muangthai Broker plans to capture THB60m in online premium sales this year

    The open architecture insurance arm of Muang Thai Group Holding (MTGH), Muangthai Broker (MTB) is seeking to capture THB60m ($1.96m)in online premium sales and THB10m commission fee revenue this year with its newly-launched price comparison and online sales platform called Gettgo.

    Asia | 10 Sep 2019
  • Thailand: Minister proposes price insurance for rice farmers

    Thailand's commerce minister Jurin Laksanawisit has proposed a price insurance scheme for five types of rice based on a resolution from a recent meeting chaired by farmers' representatives, rice trade associations and state officials. The insurance seeks to help farmers deal with the lower price of crops as it offers compensation if market prices are below the benchmark, reported local publication Bangkok Post.

    Asia | 20 Aug 2019
  • Myanmar: Thai Life takes a 35% stake in local insurer

    Thai Life Insurance has reached a deal to take a 35% stake in Myanmar's Citizen Business Insurance (CB Insurance), becoming the first ASEAN insurer to enter Myanmar's insurance market.

    Asia | 19 Aug 2019
  • Executive Champion of the Year 2019: Mr Sara Lamsam

    Mr Sara Lamsam, President and CEO, Muang Thai Life Assurance PCL, Thailand, was named Executive Champion of the Year at the 4th Asia Trusted Life Agents & Advisers Awards.

    Agents | 14 Aug 2019
  • New APAC leaders for Chubb

    Chubb has made two leadership appointments for the company's Asian business which will be effective from 1 October 2019. The US-based property and casualty insurer has promoted Mr Edward Kopp, currently country president of Chubb's general insurance business in Thailand, to the position of senior vice president (accident and health). To fill Mr Kopp's current role, the insurer has appointed Mr Andrew Nisbet which is subject to regulatory approval.

    Asia | 26 Jul 2019
  • Largest Thai mobile network to launch insurance broking service by year-end

    In a drive to grow its revenue sustainably, Advanced Info Service (AIS) is set to launch its insurance brokerage service later this year whereby it will act as a data analytics platform for insurance partners, reported the Bangkok Post. The Thai mobile network operator was awarded an insurance brokerage licence last year.

    Asia | 25 Jul 2019
  • Thailand: Farm insurance scheme expanded amidst worst drought in decade

    The state-owned Bank for Agriculture and Agricultural Cooperatives (BAAC) plans to expand farm insurance to cover fruit and dairy farming in response to farmers' interest in protection against natural disasters.

    Asia | 24 Jul 2019
  • Thailand: Regulator points to the direction in which insurers need to move

    The Thai insurance industry has to adjust to new business models to deal with the changing operating environment, or face having their business disrupted, said Dr Suthiphon Thaveechaiyagarn, secretary general of the Office of the Insurance Commission (OIC(.

    Asia | 23 Jul 2019
  • Thailand: Insurance plans made available to fishermen

    The Office of the Insurance Commission (OIC) has helped to develop microinsurance products for the fishing industry, covering injury or death of fishermen and damage to their boats.

    Asia | 16 Jul 2019


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