The insurance regulator of Thailand, the Office of the Insurance Commission (OIC), is working with Apple and Google to crack down on fraudulent insurance applications.
The OIC will collaborate with both companies to investigate and remove applications from insurance companies, individuals and entities not licensed to operate in Thailand.
The regulator has found cases of foreign juristic persons who do not hold insurance business licenses, or are not licensed to act as insurance agents or brokers under the Life Insurance Act and the General Insurance Act of 1992 (B.E. 2535) and its amendments. These persons have created fraudulent applications claiming to be insurance companies to build credibility and deceive the public into entering into insurance contracts, resulting in public damage.
The OIC is taking action to combat cyber threats, including holding discussions with representatives from global technology companies, as well as relevant government agencies.