Thailand
Thai finance minister closes down two insurers over unpaid COVID-19 claims
They had their licences revoked after running out of money to pay their customers.
Thai finance minister closes down two insurers over unpaid COVID-19 claims
They had their licences revoked after running out of money to pay their customers.
Allianz acquires Aetna’s Thai business
The acquisition is expected to be completed after three months.
Thai insurance regulator assures policyholders amidst insurer shutdown
Southeast Insurance recently announced cessation of operations.
Southeast Insurance ceases operations amidst mountain of COVID claims
The company said it cannot pay all the claims for all of its COVID-19 policies.
Thai insurers given greenlight to cover tourists from mild COVID-19
The government has also opened its hotel isolation facilities for tourists.
Thailand insurance premium growth sluggish in 2021
This is due to a weakened economy with higher household debt.
Thailand insurers offer vaccine allergy insurance
Ratings firm AM Best, however, cautions insurers to be careful of underwriting risks.
Muang Thai Life and ZA Tech teams up to launch digital products
They aim to create a seamless and personalised experience for customers.
Thai insurtech Sunday bags $45m in Series B
Investors in the round include Tencent, SCB 10X, Vertex Growth.
Thai regulator probing possible fraud in COVID-19 claims
COVID-19 claims in the country have jumped ten times since last year.
Thai general insurance GWPs to hit $10.6b in 2025: report
Growth is expected to recover from 2022 onwards and will witness an upward trend.
Thai motor premiums jump 2.5% in Q1 2021
But overall new car sales dropped 18.4%.
Thailand's Bangkok Insurance going strong despite looming pressures
Its balance sheet is supported by strong risk-adjusted capitalisation.
Thai life premiums to hit $22.8b in 2025
Whole life plans drive the sector, accounting for 72% of premiums in 2020.
MSIG Thailand launches usage-based car insurance plan
CEO Rattapol Gitisakchaiyakul reveals the driving force behind the idea.
Thai insurers gain from new funding rules: report
Capital bonds as alternative funding may boost sector capital adequacy.
Igloo, Foodpanda Thailand float insurance programme for riders
Three insurers will provide different coverage.
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
