Thailand's National Cyber Security Agency (NCSA) is actively working to establish a cyber fraud insurance framework to face the growing threats from burgeoning cyber risks and data breaches. This initiative is expected to aid organisations in the country in managing their cyber risks as detailed in the country's Cybersecurity Act and Personal Data Protection Act.
The Office of Insurance Commission (OIC) has revamped motor insurance regulations for the first time in nearly 20 years, with a pilot run to be launched next year.
The Office of the Insurance Commission (OIC) and the insurance sector have put forward proposals to rein in rising medical treatment costs, for a sustainable health insurance system.
Tokio Marine Life Insurance (Thailand) has launched a new service, offering access to online doctor consultation (telemedicine) services via "MorDee" application.
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.