Regulators, investors and executive leadership teams are increasingly treating cyber incidents not as technical failures but as matters of governance, resilience and accountability.
The Office of Insurance Commission (OIC), Thailand's insurance regulator, is continuing efforts to prepare for the assessment of its compliance with international standards on anti-money laundering and countering the financing of terrorism (AML/CFT).
AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" (Good) of Asian Reinsurance Corporation (Asian Re) (Thailand). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned the Thailand National Scale Rating (NSR) of aa+.TH (Superior) to Asian Re. The outlook assigned to the NSR is stable.
The Middle East conflict has weakened the outlook for Thailand's insurance premium growth this year, driven by surging energy prices, higher reinsurance costs, and increased financial market volatility, according to the regulator.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), is continuing efforts to develop high-potential employees.
Thailand's insurance regulator, the Office of Insurance Commission (OIC), has revealed that total premiums in the Thai insurance business for 2025 has reached THB969bn ($29.61bn), despite volatile economic conditions and risks. It represents a 3.17% increase from 2024.
FWD Group has announced senior leadership appointments, with Mr Alex Wong joining as Group Chief Actuary and Mr Knattapisit Krutkrongchai appointed as CEO. Mr David Junius will become Managing Director and Group CFO, effective 1 July 2026. He is presently Deputy Group CFO.
The Office of Insurance Commission (OIC) held a meeting with the insurance industry to advance reforms aimed at strengthening Thailand's mandatory motor vehicle insurance system and improving protection for road accident victims.
Philippine President Ferdinand Marcos Jr called on ASEAN bloc members to ensure regional energy security and resilience, as he opened the 48th ASEAN Summit Retreat in Cebu on 8 May.