Muang Thai Life Assurance (MTL) has launched a wellness and lifestyle application named MTL Fit that offers customers up to 15% premium discounts.
Indonesian reinsurers are influenced by lower sovereign ratings, shallower financial markets and a less developed insurance industry, compared with peers in Thailand and Malaysia, says Fitch Ratings.
Thai Reinsurance's (THRE) financial performance is forecast to stabilise in 2023, supported by lapsed COVID-19 policies and a hardening market, says Fitch Ratings.
InsurTech platform provider, Blue Ventures Group Public Company (BVG), is launching an initial public offering (IPO) of common shares, inviting subscriptions on 8-10 February.
Total premiums in the Thai non-life insurance sector are forecast to expand by 4.5-5% to reach THB282bn ($8.56bn) - THB287bn in 2023 on the back of economic revival, according to the Thai General Insurance Association (TGIA).
The Office of Insurance Commission (OIC) is seeking to establish a certification system for medical centres so as to drive the insurance market by raising the standards and quality of services of medical facilities.
The Non-Life Insurance Fund received COVID-related claims exceeding THB60bn ($1.83bn) from more than 700,000 people in 2022 as a result of the insolvency of four insurance companies.
Singapore-headquartered international InsurTech, bolttech, and Thailand's leading mobile network operator, AIS, have partnered to deliver embedded protection services including mobile device switch and replacement services to AIS customers for the recently-launched AIS Care+ programme.
The Ministry of Finance has issued a draft decree to support the implementation of the newly-passed Law on Insurance Business, which contains new regulations related to insurance agents which are credit institutions.
The government can take care of the welfare of public-sector employees and minimise risks by using insurance, according to Dr Somporn Suebthawilkul, managing director of Dhipaya Insurance.