Thailand OIC unveils 5-year plan to strengthen non-life insurance

The regulator said the new strategy focuses on preparing climate change.

Thailand’s Office of the Insurance Commission (OIC) is rolling out a new five-year roadmap to strengthen the country’s non-life insurance sector and help it adapt to rising risks from natural disasters and an ageing population, as reported by the Bangkok Post.

OIC secretary-general Chuchatr Pramoolpol said the fifth Insurance Development Plan (2026–2030) aims to build an insurance system that supports national economic resilience and improves risk management. 

The plan is designed to help insurers respond more effectively to emerging challenges both at home and abroad.

The regulator said the new strategy focuses on preparing the industry for climate change and increasingly severe natural disasters, as well as Thailand’s shift toward becoming a super-aged society.

It will also support the sector’s digital transformation to keep pace with changing market conditions and consumer needs.