The estimated total economic loss for Thailand from intense rainfall and flooding in late September and early October is between $370m and $1bn, according to Aon.
Thailand's regulator, the Office of Insurance Commission (OIC), is now enhancing the readiness of the insurance industry in the face of rising cyber threats, including digital attacks, the use of AI to discover vulnerabilities, attacks through external service providers and risks arising from increasingly interconnected digital ecosystems.
Marsh has appointed Mr Derek Heng as CEO of Marsh ASEAN, and Ms Peta Latimer as CEO of Marsh Singapore. In addition, Mr Heng will continue to serve as CEO, Marsh Thailand, and Ms Latimer will continue with her current responsibilities as President of Marsh's People and Investments business in Asia.
In an online meeting with the Thai General Insurance Association and other insurance companies, Thailand's regulator, the Office of Insurance Commission (OIC), stated its aim to monitor insured losses and prepare measures to assist policyholders affected by the floods.
Around $160bn worth of gas-fired power and liquefied natural gas (LNG) import capacity remains in development across Southeast Asia.
Prudential plc has announced the appointment of Mr Naveed Irshad as Regional CEO for Indonesia and the Philippines, effective 26 October 2026. He will also take enterprise-wide responsibility for the health and product businesses and will join Prudential's Group Executive Committee.
As part of its 'New Generation, Safe Driving, Mindful of the Compulsory Motor Vehicle Insurance Act 2026' project, aimed at educating youths about compulsory motor vehicle insurance and fostering road safety awareness, Thailand's regulator, the Office of Insurance Commission (OIC), collaborated with Chachoengsao Technical College, in Chachoengsao Province, to reach out to students at an event.
Zhibao Technology announced that its reinsurance subsidiary, Zhibao Labuan Reinsurance Company (Zhibao Labuan Re), is expanding its operations into Hong Kong and Southeast Asia.
The Thai government has approved a national disaster insurance scheme that will cover housing damage and deaths from natural disasters across the country.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), is looking to build small- and medium-sized enterprise (SME) resilience in the country's Songkhla province, due to its diverse economic structure encompassing agriculture, industry, trade, services and tourism.