Showing 1 - 9 of 9
Regulator nails down capital adequacy method
Business, Darana Chudasri, Published on 05/02/2021
» The Office of Insurance Commission (OIC) has approved the revision of its capital adequacy ratio (CAR) calculation method, broadening opportunities for local insurance companies to invest in foreign assets and diversify risks during the pandemic and amid low interest rates.
Investment eyed in lower-grade bonds
Business, Darana Chudasri, Published on 28/01/2021
» The Office of the Insurance Commission (OIC) is poised to allow insurance companies to invest in non-investment grade bonds to seek higher investment returns amid a struggling economy, says a market source who requested anonymity.
New capital calculation to benefit markets, firms say
Business, Darana Chudasri, Published on 09/09/2020
» Insurance companies say an adjustment of the risk-based capital calculation criteria will create positive investor sentiment for risk management and could benefit capital markets.
Risk charge method under fire
Business, Darana Chudasri, Published on 29/08/2020
» Insurance companies are requesting that the Office of the Insurance Commission (OIC) review the risk charge calculation version 2 that was implemented last year, citing its negative impact on the industry's capital adequacy ratio (CAR).
Experts approve of OIC policy
Business, Darana Chudasri, Published on 28/04/2020
» Industry experts recommend auto insurance policyholders exploit the Office of the Insurance Commission's (OIC) policy to allow insurers to temporarily charge premiums on a pro-rata basis by putting the insurance on hold while working from home to either receive cash back or extend the protection period.
OIC tries to help insurers offset poor bond yields
Business, Darana Chudasri, Published on 14/09/2019
» The Office of the Insurance Commission (OIC) wants to ease the liability adequacy test (LAT) calculation for life insurance companies to alleviate the impact from falling bond yields on businesses.
TII aims to build regional operations of Thai firms
Business, Darana Chudasri, Published on 23/10/2018
» Thailand Insurance Institute (TII) plans to help pioneer insurance businesses in neighbouring countries to expand future business opportunities for local insurance companies.
Raising actuaries to supply Thai firms
Business, Darana Chudasri, Published on 13/07/2018
» Working as an actuary is a challenging career for those enthralled with mathematics and numbers, with brisk job growth prospects as Thailand has very few people on this career path.
OIC: Actuary scarcity to rise
Business, Darana Chudasri, Published on 11/05/2018
» The shortage of actuaries in Thailand's insurance industry is accelerating and should accelerate when the Insurance Act, on which amendments are being submitted, is enacted and non-life insurance products must be signed by certified actuaries.