Charles Taylor, an international loss adjusting business, has announced a new associateship with Global Adjusting Technical Services (GATS) in Thailand to meet growing client demand for its breadth of services in the assessment and resolution of large and complex claims.
The impact on Thailand's insurance industry of floods in parts of the country is manageable, says S&P Global Ratings (S&P).
Members of the Association of Insurers and Reinsurers of Developing Countries are meeting at the 23rd AIRDC International Conference in Thailand, the first time that the southeast Asian country is hosting the event (AIRDC 2024).
Giving everyone the opportunity to access their own data openly, transparently, and securely by linking the data with the banking sector, which is the centre of financial services, will lead to the development of financial products and services that better meet consumer needs, according to the Office of Insurance Commission (OIC).
The Office of the Insurance Commission (OIC) has estimated that floods in the northern and northeastern regions of Thailand have caused losses of more than THB420m (13m) for insurers to date.
Maung Thai Life's (MTL) reported a marked improvement in net profit, up 19.9% YoY to THB3.9bn ($118.4m) in 1H2024, with the increase largely driven by the strong performance in 1Q2024, noted CreditSights, a unit of the Fitch Group.
Chubb Life Assurance (Chubb Life Thailand) has launched its 678 Step Savings, a new savings product with life insurance designed to help customers achieve their financial planning goals.
FWD Life Insurance (FWD) has launched its latest critical illness insurance product, "CI Re-Claim Re-Care," under the "Total CIs Solutions" concept.
TQR, a listed reinsurance brokerage business, is confident that its performance in the second half of this year will continue to grow.
BKI Holdings (BKIH), the holding company of Bangkok Insurance, will focus on investments related to insurance business in the first two years of group restructuring because the company has the most knowledge and expertise in the insurance sphere, Dr Apisit Anantanatarat, director and CEO of BKIH, has said.