The Office of Insurance Commission (OIC) is looking into establishing a National Insurance Bureau (NIB), whose function would be similar to those of credit bureaux.
A survey by Milieu Insight on 'Financial Independent, Retire Early' (FIRE) finds out how common the FIRE movement is among Southeast Asians.
Bangkok Insurance Public Company (BKI) reported a marked increase in its combined ratio to 102% from 87% in 2021 as its loss ratio rose to 72% from 56%, notes AM Best.
Thai Life Insurance is starting to meet investors ahead of a planned $1-billion initial public offering (IPO) that would be Thailand's largest in 2022, reported Reuters citing an IPO term sheet and two sources.
Starr Insurance Companies has announced an agreement with FPG Insurance Holdings Ltd (HK) and local Thai shareholders to purchase FPG Insurance Public Company Limited (FPG Thailand), a Thai non-life insurance company, together with local Thai parties.
Indonesian insurtech startup Qoala has announced that it has successfully raised $65m in a Series B funding round led by European investment firm Eurazeo.
The board of directors of Kasikorn Bank (KBank), a leading bank in Thailand, has approved the establishment of an insurance broking unit, Kasikorn Line Insurance Broker Co.
The insurance regulator is working to establish a National Insurance Information Management Centre to collect insurance information from both the non-life and life insurance sectors.
The government should introduce measures to counter the financial burden of supporting an ageing society, says the director of the Fiscal Policy Office (FPO), Mr Pornchai Teerawet.
COVID-19 insurance claims could reach as high as THB110bn ($3.2bn) to THB180bn by the end of June, mainly from low-price COVID insurance, according to the research department of Thai Reinsurance Public Company (Thai Re).