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Search Result for “OIC”

Showing 1 - 10 of 149

BUSINESS

Prescription scheme wins insurers' nod

Business, Nuntawun Polkuamdee, Published on 13/12/2025

» The Office of Insurance Commission (OIC) and the insurance industry have officially endorsed the government's "Sukkai Sabai Krabao" (Healthy Body, Comfortable Wallet) initiative, which allows patients treated at private hospitals to use their prescriptions at participating outside pharmacies.

BUSINESS

Thai Life agent has licence cancelled

Business, Nuntawun Polkuamdee, Published on 12/12/2025

» The Office of Insurance Commission (OIC) has revoked the licence of a life insurance agent of Thai Life Insurance Plc, after uncovering a large-scale premium fraud scheme that caused losses estimated in the hundreds of millions of baht.

BUSINESS

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.

BUSINESS

Alert for insurance buyers from unlicensed firms

Business, Nuntawun Polkuamdee, Published on 05/11/2025

» The Thai Life Assurance Association (TLAA) has issued a warning to the public against purchasing life or health insurance policies from unlicensed foreign entities operating online.

SUSTAINABILITY

Insurance sector goes green

Business, Nuntawun Polkuamdee, Published on 27/10/2025

» At its core, the insurance business is about managing risks, including those related to environmental, social and governance (ESG) factors. As sustainability requirements change the business landscape, insurers are increasingly realising the importance of integrating the ESG agenda into their corporate strategies.

BUSINESS

New insurance strategy to tackle climate disasters

Business, Nuntawun Polkuamdee, Published on 16/10/2025

» The Office of the Insurance Commission (OIC) is launching a new strategic roadmap to strengthen Thailand's non-life insurance sector, aiming to address rising disaster risks and the growing challenges of an ageing population.

BUSINESS

Bombed PTT station to get compensation

Business, Yuthana Praiwan, Published on 05/08/2025

» Insurance companies cannot cite war as a reason for refusing to pay compensation to the owner of a PTT petrol station in Si Sa Ket, which was struck by a Cambodian rocket late last month, says the Office of Insurance Commission (OIC).

BUSINESS

OIC orders insurer to raise capital base

Business, Nuntawun Polkuamdee, Published on 11/07/2025

» The Office of the Insurance Commission (OIC) has ordered KWI Insurance to urgently increase its paid-up capital by at least 30 million baht this month, while maintaining a temporary suspension on new policy issuance.

BUSINESS

Thailand urged to woo more Muslim tourists

Business, Kuakul Mornkum, Published on 09/07/2025

» As Chinese tourist arrivals plunge, the Thai Muslim Trade Association (TMTA) is calling on authorities and the private sector to position Thailand as a Muslim-friendly destination to attract travellers from the global Muslim population.

BUSINESS

Initiative to regenerate insurance

Business, Nuntawun Polkuamdee, Published on 14/04/2025

» The Office of the Insurance Commission (OIC) is preparing to launch an open insurance system, unlocking the industry in the digital era with a transparent, secure, and standardised data ecosystem.