Pan-Asian life insurer FWD was ranked number six in the 2024 Million Dollar Round Table (MDRT) top 10 multinational companies rankings, for the third consecutive year.
Thailand's finance minister Pichai Chunhavajira has ordered the revocation of the licence of Syn Mun Kong Insurance Public Company Limited, once a major non-life insurance provider in the country. The order took effect on 4 July 2024.
Thailand's rapidly expanding electric vehicle (EV) market could face setbacks if insurance companies refuse to provide coverage for EVs, says the Thai Automotive Industry Association (TAIA).
The Office of the Insurance Commission (OIC) has tied up with the Digital Government Development Agency (DGA) to place its OIC Gateway service on the online platform, 'Government App'.
The Central Administrative Court has dismissed a THB40bn ($1.09bn) lawsuit against the Office of the Insurance Commission (OIC) by Syn Mun Kong Insurance Public Company, according to an OIC statement.
Krungthai-AXA Life Insurance has unveiled its latest advertising campaign titled "Enjoy Life, worry free" for the LifeReady insurance plan.
The Thailand general insurance industry is forecast to grow at a compound annual growth rate (CAGR) of 4.5% over 2024-28, from THB310.9bn ($9bn) in 2024 to THB370.8bn in 2028, in terms of gross written premiums (GWP), according to GlobalData, a leading data and analytics company.
The Thai General Insurance Association (TGIA) has established a working group to study insurance for electric vehicles (EVs), according to Dr Somporn Suebthawilkul, president of the TGIA and CEO of Dhipaya Group Holdings.
The Office of the Insurance Commission (OIC) has ordered the 23 insurers that offer products covering electric vehicles (EVs) to submit their risk management plans for this nascent line of business.
Thai Reinsurance Public Company (THRE) has reported a net profit of THB57m ($1.58m) for the first quarter of 2024, 418% higher than in 1Q2023 due to improved reinsurance results.