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).
The AIRDC 2024, taking place on 6-9 October, has the theme, "Creating Opportunity Amid Challenges & Turmoil (CO-ACT)", reflecting the current global insurance landscape.
The Thai General Insurance Association (TGIA), the Thai Life Assurance Association (TLAA) and Bangkok Insurance Public Company Limited (BKI) are co-hosts of the Conference.
Bangkok Insurance Public Company chairman Chai Sophonpanich, in his capacity as vice president of AIRDC for 2022-2024 and chairman of the Local Organising Committee, stated that the 23rd AIRDC conference is of great significance as Thailand has been honoured to host this prestigious conference for the first time.
Mr Chai said, “We face economic uncertainty, technological changes, climate risks and shifting regulations; yet these challenges also present opportunities for innovation and growth. This conference will serve as a platform to explore these possibilities together, and we hope it will inspire innovative thinking, foster meaningful connections and pave the way for a brighter future for the global insurance industry.
“We are delighted to welcome regulators, reinsurers, insurers and industry professionals from around the world. Your participation underscores the importance of collaboration and knowledge exchange in strengthening our industry's resilience.”
The opening ceremony of the 23rd AIRDC conference was graced by the Office of Insurance Commission secretary-general Mr Chuchatr Pramoolpol and AIRDC president Dr Aaron Anafure, both of whom serve as co-chairs of the event. Other distinguished attendees included Thai General Insurance Association president Dr Somporn Suebthawilkul and Thai Life Assurance Association vice president for marketing Sara Lamsam. Their participation highlighted the importance of supporting international cooperation within the insurance industry.
The conference has attracted over 350 participants, featuring a range of compelling topics, on which distinguished speakers from around the world share their views. These experts will share their experiences and insights in the insurance field to enhance knowledge and understanding of trends, movements and key issues in the industry. They will also provide guidance and inspire ideas for creating growth opportunities in both the life and non-life insurance sectors.
The seminar topics include current state of the cyber insurance mnarket, underwriting challenges, growth opportunities, insurance transformation, next wave of insurance, multi-model agricultural insurance, loyalty management in the high-tech, AI-driven insurance era, natural disaster risk management for an uncertain future, creating deep learning solutions for penetration and protection gaps for this century, engaging and enlightening experiences with IFRS17 and ESG insights: navigating sustainable insurance practices.
Additionally, the event will feature a donation of THB150,000 ($4,486) to UNICEF Thailand to support the organisation’s efforts in promoting child health, nutrition, sanitation and overall well-being in Thailand.