FWD Group Holdings (FWD) is expanding its financial literacy programme, JA SparktheDream, to span seven markets in Asia as part of its 10th anniversary year community initiatives. Developed in partnership with Junior Achievement Asia Pacific (JA), the programme integrates financial, social and life skills education for students to help boost financial literacy in the region.
The new president of the Thai General Insurance Association (TGIA) is developing a plan for the liberalisation of commissions and self-regulation of the insurance sector.
Electric vehicle (EV) insurance premiums are likely to increase in future to be commensurate with risks and costs of repairs that are different from fossil-fuel vehicles, according to Mr Jiraphant Asvatanakul, CEO and president of Thaivivat Insurance Public Company (TVI).
Thai Reinsurance Public Co is planning to expand it business overseas, especially in the ASEAN region, including Cambodia, Laos, Myanmar and Vietnam. The reinsurer also sees Indonesia and the Philippines as markets where it can grow its business.
The insurance regulator, the Office of Insurance Commission (OIC), has launched an online arbitration system to resolve disputes.
Allianz Asia Pacific (AZAP) is partnering INSEAD, one of the world's leading business schools, to create a training and certification programme aimed at transforming and upskilling the organisation's life and health business agency salesforce.
FWD Life Insurance (FWD Thailand) and Siam Commercial Bank (SCB) have extended and enhanced their long-term exclusive bancassurance agreement for a further two years to meet the growing insurance and protection needs of an increasingly affluent and digital Thai population.
The Thai General Insurance Association (TGIA) has elected a new board of directors for the years 2023-2025.
Thai Life Insurance Public Company (TLI ), the second-largest life insurer in Thailand, maintained its market share at about 14% by total premium income in 2022, notes Fitch Ratings.
Muang Thai Life Assurance Public Company Limited (MTL) is expected to see its underwriting results normalise due to continued strong demand for health-related products, says Fitch Ratings.