Showing 1 - 10 of 65
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.
Rolling with the punches
Business, Post Reporters, Published on 27/12/2022
» This year has been packed with events that highlighted both progress and setbacks — unavoidable realities in the world of business. The year posed challenges for the government and businesses seeking new opportunities post-pandemic, sparked hope among car makers that are anticipating growth of the electric vehicle industry in Thailand, as well as unsuccessful attempts by some companies to further grow their businesses.
OIC allays concerns over firm's temporary closure
Business, Published on 01/12/2021
» The Office of the Insurance Commission (OIC) has confirmed The One Insurance's two-week closure for maintenance is temporary and asked the public not to panic as it is closely monitoring the process to ensure full protection of consumer rights.
OIC will continue to ban cancellation of Covid policies
Business, Nuntawun Polkuamdee, Published on 16/11/2021
» The Office of Insurance Commission (OIC) announced it will continue to prohibit the cancellation of Covid insurance policies with a lump sum payment to protect policyholders but will allow insurers to offer voluntary changes of insurance to customers.
Regulator stymies Asia Insurance
Business, Nuntawun Polkuamdee, Published on 25/09/2021
» The Office of the Insurance Commission (OIC) has ordered Asia Insurance 1950 to temporarily stop signing up new customers from Sept 23 after a probe suggested the company has insufficient liquidity for claim payments and a lower capital adequacy ratio than the legal requirement.
Regulator orders Asia Insurance to stop issuing non-life policies
Online Reporters, Published on 24/09/2021
» The Office of the Insurance Commission (OIC) Board has ordered Asia Insurance 1950 Plc to temporarily cease providing non-life insurance policies, effective from Sept 23.
OIC unmoved by soaring Covid claims
Business, Nuntawun Polkuamdee, Published on 23/09/2021
» Total claims for Covid-19 insurance ballooned to 9.43 billion baht at the end of August and are expected to continue rising as the daily infection rate remains high, says the Office of the Insurance Commission (OIC).
OIC dismisses speculation surrounding non-life firm
Business, Nuntawun Polkuamdee, Published on 21/09/2021
» The Office of Insurance Commission (OIC) has rejected speculation regarding the alleged closure of a non-life insurance company, saying Asia Insurance 1950 Plc's recent mass layoffs were to cut expenses and reserve its capital for the payment of claims.
OIC acts to ensure timely Covid payment
Business, Nuntawun Polkuamdee, Published on 07/09/2021
» The Office of the Insurance Commission (OIC) has issued measures to speed up the claims process for Covid-19 insurance after payment delays were reported.
Regulator steps in to simplify Covid claims
Business, Nuntawun Polkuamdee, Published on 10/08/2021
» Insurance companies have been ordered to use Covid-19 RT-PCR tests instead of medical certificates as proof of a claim for a lump-sum payment, in order to ease the burden on buyers.