Showing 1 - 10 of 13
PM urges insurers to step up flood payouts
Business, Wichit Chantanusornsiri, Published on 28/11/2025
» Prime Minister Anutin Charnvirakul has instructed insurance companies to expedite payouts for home and car insurance claims in the flood-affected areas in southern Thailand, with claimants only required to submit photos via Line or other designated channels to insurance companies as evidence.
Still room for regulators to intervene
Business, Wichit Chantanusornsiri, Published on 24/03/2025
» The draft Financial Hub bill does not confer absolute or exclusive authority over the supervision of financial transactions.
Exim Bank offers cheap loans to halal exporters
Business, Wichit Chantanusornsiri, Published on 07/08/2024
» The Export-Import Bank of Thailand (Exim Bank) has teamed up with the Islamic Bank of Thailand (IBank) to offer loans with interest rates lower than the prime rate to support the goal of becoming Asean's halal hub by 2028.
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.
Government ready to bear part of Covid-19 payout
Business, Wichit Chantanusornsiri, Published on 21/12/2023
» The government will bear some of the burden for the payment of claims from Covid-19 policyholders, says Deputy Finance Minister Julapun Amornvivat.
Call to provide insurance for high-value fruit
Business, Wichit Chantanusornsiri, Published on 21/07/2023
» Finance Minister Arkhom Termpittayapaisith proposed the Office of Insurance Commission (OIC) consider the issuance of insurance for high-value fruits such as durian, mangoes, oranges and bananas to boost the confidence of farmers.
Bid to hasten Covid payouts
Business, Wichit Chantanusornsiri, Published on 13/02/2023
» The Finance Ministry plans to speed up the payment of lump sum claims from Covid-19 policyholders of four dissolved non-life insurance companies, says permanent finance secretary Krisada Chinavicharana.
GIF mulls borrowing from fund to improve liquidity
Business, Wichit Chantanusornsiri, Published on 20/09/2022
» The General Insurance Fund (GIF) has considered borrowing from the Office of the Insurance Commission (OIC) fund to ensure it has sufficient liquidity to pay insurance claims to Covid-19 policyholders of the four shuttered non-life insurance companies.
GIF rejigs borrowing rules for major liquidity boost
Business, Wichit Chantanusornsiri, Published on 19/05/2022
» The General Insurance Fund (GIF) has revised regulations to allow it to borrow more to increase liquidity in case the Office of the Insurance Commission (OIC) shuts down more insurance companies in the future, says permanent finance secretary Krisada Chinavicharana.
GIF seeking loan to handle claims
Business, Wichit Chantanusornsiri, Published on 05/04/2022
» The General Insurance Fund (GIF) is seeking a loan from Government Savings Bank in order to pay Covid-19 claims to policyholders of shuttered non-life insurance companies, says a source at the Finance Ministry who requested anonymity.