In a seminar, The Office of the Insurance Commission (OIC), Thailand's insurance regulator, emphasised the importance of risk management in strengthening the stability and sustainability of the country's insurance business.
As part of its campaign to raise awareness of risk management, the seminar focussed on integrating enterprise risk management and own risk and solvency assessment into insurer assessments, to calculate financial risk and stability.
According to the regulator, risk management will prepare the industry to face new challenges in the digital age and the green economy, reinforcing stability and confidence among the public and overall economy.