Thailand's insurance regulator, the Office of the Insurance Commission (OIC) organised the 1/2025 Consumer Protection and Insurance Participation Committee meeting to clarify the criteria of copayment on the terms and conditions for renewing insurance contracts in the case of policy renewals, chaired by OIC secretary-general Chuchat Pramulpol.
Krungthai-AXA Life Insurance is driving forward with its policy on climate change and biodiversity, launching a major annual campaign "Commit to Climate Season 4" that raises the level of sustainable environmental care.
Office of Insurance Commission (OIC), Thailand's regulator, has explained the framework for conducting the OIC Stress Test in 2025 for life and non-life insurance businesses to assess the durability of the insurance system under simulated risk scenarios, according to OIC assistant secretary-general, regulatory standards development division, Ayusri Khambanlue.
The new co-payment rule for the Thai health insurance policyholders is expected to transform the country's health insurance industry which has been affected by rising medical costs, challenging economic conditions and unnecessary claims. The new rule is slated to take effect from 20 March 2025.
In 2025, Allianz Ayudhya Life Assurance will continue to drive growth through the strategy of developing the agent network and expanding the cooperation of the bank channel continuously. It will also focus on increasing the number and quality of professional agents through the intensive potential development program to create a strong and competitive agent network in the market through various competition and training programmes.
Fitch Ratings has affirmed Thai Life Insurance (TLI) Public Company Limited's Insurer Financial Strength (IFS) Rating at 'A-' (Strong) and national IFS Rating at 'AAA(tha)'. The Outlook is Stable.
Chubb has announced agreements to acquire the insurance businesses of Liberty Mutual in Thailand and Vietnam.
Since the Office of Insurance Commission (OIC), Thailand's insurance regulator, has revealed that its direction and operations are now stable and secure, and also adaptable to risks and changing environments, it will turn its attention to the inspection and supervision of insurance companies through the examination form assessment, according to deputy secretary-general for legal and auditing Adisorn Pipatvorapong.
Munich Re has appointed Ms Hanh Nguyen as head of treaty P&C underwriting for Southeast Asia (SEA) and India, effective 1 March 2025. Since 2024, she has been acting as deputy head of treaty P&C underwriting for SEA and India.
Prudential has announced a three-year premier sponsorship with MDRT (Million Dollar Round Table), a global association of the world's leading life insurance and financial services professionals, with the aim of helping Prudential agents accelerate their professional development, in turn supercharging agency growth and driving greater customer success. Ranked No. 2 in MDRT's 2024 Top 10 Multinational Company Ranking, Prudential has one of the largest agency forces globally.