The Thai insurance regulator has asked all insurance companies to manage (customer) complaints more quickly, more transparently, and with improved efficiency. It has said the insurers should ensure that all complaints and disputes are resolved by arbitration or even by mediation at the pre-arbitration level to reduce complaints and resolve them as soon as possible.
Thailand officials met in earlier this month to discuss the feasibility of providing insurance for workers in Bangkok, including municipal officers, drain dredgers, disaster prevention and mitigation officers, rescue workers and volunteer groups in various communities who face risk daily in the course of their work.
The influx of patients from neighbouring countries has created huge stress on the Thai healthcare system, and the country is looking to health insurance to bail them out
Muang Thai Life Assurance has launched two insurance plans - "Muang Thai Premier Legacy 99/1 (Fixed Policy Surrender Amount)" for legacy planning and "Muang Thai Flexi Protection 99/20" to meet the needs of creating long-term stability, said Mr Sara Lamsam, CEO of Muang Thai Life Assurance.
FWD Life Insurance (FWD Insurance) is collaborating with Roche Diagnostics (Thailand) (Roche) in its FWD HealthyMe - Liver Health Programme.
Thailand's non-life insurance sector is on high alert following reports that a Chinese electric vehicle (EV) manufacturer operating in the Thai market may be headed for bankruptcy -- a development that underscores growing concerns about EV insurance becoming a loss-making segment, said The Bangkok Post.
Launched to ring in the new semester for students at Ranong and Mukdahan provinces, a project titled "Insurefluencer the new GEN" has received better-than-expected feedback, said Office of the Insurance Commission (OIC) deputy secretary-general for the supervision of intermediaries and regional insurance Wasumdee Wasinon.
Prudential Thailand's shift towards high-margin, needs-based products that are less sensitive to interest rates, has helped the company to protect profitability while growing market relevance, according to Prudential Thailand CEO Bundit Jiamanukoonkit.
AM Best has upgraded the Financial Strength Rating to B++ (good) from B+ (good) and the Long-Term Issuer Credit Rating to 'bbb' (good) from "bbb-" (good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) is stable.
Krungthai-AXA Life Insurance has appointed Ms Saraswadee Kupatapong as chief people officer, according to a post on LinkedIn. She joined the company in 2018 as chief HR business partner officer.