Showing 1 - 5 of 5
7 listed firms extend debenture maturity
Business, Darana Chudasri, Published on 04/06/2020
» Seven listed companies have extended their debenture maturity dates by 6-24 months during the Covid-19 pandemic as weak sales caused a liquidity crunch among businesses.
Covid-19 lump sum policies to cease
Business, Darana Chudasri, Published on 24/03/2020
» Several insurance companies and brokers have stopped selling Covid-19 insurance lump-sum payout policies, while some have adjusted claim benefits to prevent policyholders' moral hazard problem and underwriting risks.
Firms told not to refuse virus claims
Business, Darana Chudasri, Published on 23/03/2020
» The Office of Insurance Commission (OIC) affirmed that insurance companies cannot refuse claims made by those who take out coronavirus insurance coverage, even for worst-case scenarios in which the government announces that Thailand has entered Stage 3.
Policies for Covid-19 face suspension
Business, Darana Chudasri, Published on 20/03/2020
» Several insurance companies are poised to suspend sales of Covid-19 insurance products with a lump-sum payout as policy sales approach their threshold of 500,000-750,000.
OIC reduces interest for premiums
Business, Darana Chudasri, Published on 13/03/2020
» The Office of the Insurance Commission (OIC) has lowered the minimum interest rate for pricing premiums to 1% from 2% and allowed 70,000 tourist buses affected by Covid-19 to either seek premium refunds or extend their auto insurance period as part of its efforts to alleviate impacts from the outbreak.