In its role as the country's insurance regulator, Thailand's insurance regulator, the Office of Insurance Commission (OIC), is promoting motor coverage as a risk management tool to alleviate losses from road accidents, as well as promote safety and create sustainable security for the public.
Office of the Insurance Commission (OIC) deputy secretary-general for legal affairs and inspection Adisorn Pipatvorapong held an online meeting with private insurance industry organisations to explore ways to expedite inspections and provide official documentation of liability to affected individuals.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), has been working with the relevant organisations, such as the Insurance Assessors Association and the Thai Loss Surveyors and Assessors Association, to coordinate the system for receiving damage notifications relating to insured buildings.
Thailand's insurance regulator, the Office of Insurance Commission (OIC) recently held a discussion with insurers.
At its 51st Annual General Meeting, the Life Insurance Association of Malaysia (LIAM) elected Mr Ben Ng, CEO of AIA, as president and Ms Vibha Coburn, CEO of Manulife Insurance, as vice president.
The secretary-general of Thailand's insurance regulator, the Office of Insurance Commission (OIC), indicated that it has found many non-life insurance brokers providing credit to their customers to purchase insurance policies.
Thai insurers could be looking at payouts totalling tens of millions of US dollars following a major earthquake in Myanmar, which caused significant damage in Thailand, including the collapse of a 34-storey building under construction in Bangkok.
Bangkok Life Assurance, in collaboration with Bangkok Bank, has introduced a new savings insurance plan, Gain1st Savings 10X 15/10, designed for working professionals, including mid-to-senior executives and young business owners seeking financial stability through strategic planning.
The Office of the Insurance Commission (OIC), Thailand's insurance regulator and the Consumer Council (council) have jointly reviewed the copayment measures to ensure fairness in health insurance, emphasising that it must not affect consumers. It also accelerated the dissemination of correct information and will take legal action against those who provide inaccurate information.
Lower insurance costs and affordability has made Thailand one of the world's top travel destination