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Covid-19 policies wind down
Business, Darana Chudasri, Published on 01/04/2020
» Some 6.8 million coronavirus insurance policies were taken out in less than two months since they were made available, with many companies already ceasing sales of lump-sum payout plans, says Suthiphon Taveechaiyagarn, secretary-general of the Office of the Insurance Commission (OIC).
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.
Outbreak a mixed bag for medical providers
Business, Darana Chudasri, Published on 26/02/2020
» Medical tourism hospitals have experienced direct, adverse effects from the coronavirus epidemic, while medical appliance manufacturers and pharmaceutical and supplement makers could benefit from increasing awareness of health and hygiene.