The Thai insurance regulator will associate with Life Insurance Association and Association of Life Insurance Agents and Financial Advisors to promote the knowledge and understanding of life insurance to the public, according to a media release by The Thai Life Assurance Association.
Representatives from the Thai Life Insurance Association, Association of Life Insurance Agents and Financial Advisors and the regulator, the Office of the Insurance Commission, met to discuss communication strategies and promote public understanding of life insurance in the country.
Thailand's rapidly ageing population and rising healthcare costs are driving sustained growth in the country's life insurance market, with increasing consumer awareness of health and financial planning supporting premium growth.
Thailand's Office of the Insurance Commission (OIC) has launched an investigation into individuals promoting Singapore-based life insurance products to Thai consumers through social media, warning that such activities may violate the country's Life Insurance Act.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC) has noted the importance of insurance in planning for long-term financial protection and security as the country ages.
A public debate over the advertised returns of endowment insurance policies has highlighted the need for greater insurance literacy in Thailand, according to a former president of the country's Actuarial Association.
Aon has appointed Mr Metat Sae-Jan as Head of its Life and Health reinsurance broking practice in Thailand.
The Thai Life Insurance Association is collaborating with the Ministry of Public Health to upgrade services that aim to provide patient care according to international standards and ensure accurate and prompt claims processing.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Willis, a WTW business, has announced the appointment of Mr Oliver Pryce as Head of Corporate Risk and Broking Southeast Asia; and the promotion of Mr Rupert Roberts to the role of Chief Commercial Officer, Asia. Both appointments are effective 4 January 2027.