Showing 1 - 9 of 9
Insurance fund offers quick payout
Business, Wichit Chantanusornsiri, Published on 03/05/2024
» The General Insurance Fund (GIF) is presenting a choice to Covid-19 policyholders by offering a discounted rate for payment now instead of waiting for future payouts.
40 Singapore bank staff sacked for medical claims abuse
Published on 27/04/2024
» Bank of Singapore, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, Channel NewsAsia (CNA) has reported.
AIA posts new record of B24.9bn in value of new business
Business, Nareerat Wiriyapong, Published on 10/04/2024
» AIA Thailand, a subsidiary of the Hong Kong-based multinational insurer, has devised a new strategy and a healthcare product to offer protection to Thais aged up to 99 years, aiming to maintain its leading position in Thailand's life insurance industry and ensure strong future growth.
Insurers eye 2-4% premiums growth
Business, Nuntawun Polkuamdee, Published on 27/02/2024
» The Thai Life Assurance Association (TLAA) is targeting industry premium growth of 2-4% this year to 640-650 billion baht, with health insurance premiums expanding by double digits.
Ministry allocates B50m for tourist insurance scheme
Business, Molpasorn Shoowong, Published on 15/02/2024
» The Tourism and Sports Ministry has set aside a budget of 50 million baht to assist foreign tourists in case of death or accidents in fiscal 2024.
Total premiums expected to reach B1tn by 2026
Business, Wichit Chantanusornsiri, Published on 18/01/2024
» The Office of the Insurance Commission (OIC) says the insurance sector expanded by 4.5% recently, with total insurance premiums expected to reach 1 trillion baht in 2026, up from 800-900 billion baht at present, according to secretary-general Chuchatr Pramoolpol.
Sompo eyes 20% gain in premiums
Business, Nuntawun Polkuamdee, Published on 19/12/2023
» Sompo Insurance (Thailand), a unit of Japan's leading insurer, aims to grow its premiums by 20% in 2024 from an estimate of 4 billion baht this year by focusing more on personalised insurance policies, especially travel accident (TA) insurance.
Generali unit emphasises portfolio quality
Business, Nareerat Wiriyapong, Published on 28/10/2023
» With a 192-year history, Generali is one of the oldest insurance companies worldwide with assets under management tallying €618 billion and 82,000 employees as of last year.
OIC, industry promote digital approach
Business, Nuntawun Polkuamdee, Published on 17/08/2023
» The insurance and assurance industry, in collaboration with the Office of the Insurance Commission (OIC), is promoting digital technology to reduce business risk and improve sustainability.