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).
The Thai General Insurance Association (TGIA) has revealed that total cumulative insurance claims against COVID-19 amounted to THB60bn ($1.78bn) from the start of the pandemic in the country in 2020 to the end of March 2022.
The profitability of Muang Thai Life Assurance Public Co (MTL) remains robust despite a muted economic environment, said Fitch Ratings.
The profitability of Muang Thai Life Assurance Public Company (MTL) remains robust despite a muted economic environment, notes Fitch Ratings.
The Finance Minister has revoked the business licences of two insurers -- Southeast Insurance and Thai Insurance -- after they failed to honour COVID-19-related claims of more than THB18bn ($538m) from customers, the Office of Insurance Commission (OIC) secretary-general, Dr Suttipol Taweechaikarn, said last Friday.
Allianz Ayudhya Capital (AYUD) has entered into an agreement to acquire 100% of shares of Aetna Thailand, a prominent player in the Thai health insurance market. The acquisition reaffirms the company's commitment to further invest and expand its health insurance business to benefit customers in Thailand.