You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

August 3, 2015

Getting the Deal Through – Insurance & Reinsurance 2015, Thailand Chapter

Subscribe to Updates
Law Business Research

The eighth edition of Getting the Deal Through – Insurance & Reinsurance, a Q&A-style guide to insurance and reinsurance law in 23 jurisdictions around the world, has been published by Law Business Research. Aaron Le Marquer, consultant, and Ittirote Klinboon, attorney-at-law, in Tilleke & Gibbins’ insurance group, coauthored the Thailand chapter of the guide.

The Thailand chapter provides an overview of formation and licensing, capital and surplus requirements, reserves, product regulation, change of control, acquisition financing, foreign investment, insolvent and financially troubled companies, reinsurance agreements, ceded reinsurance, retention of risk, collateral requirements, claim priority, intermediaries, third-party actions, late notice and wrongful denial of claims, indemnity policies, punitive damages, self-insurance default, dispute resolution, extracontractual obligations, and trends in the market, among many other subjects.

Reproduced with permission from Law Business Research Ltd. This article was first published in Getting the Deal Through: Insurance & Reinsurance 2015 (published in June 2015; contributing editors: William D Torchiana, Mark F Rosenberg and Marion Leydier, Sullivan & Cromwell LLP). For further information please visit www.gettingthedealthrough.com.

Download Full Article
Related Professionals
Aaron Le Marquer
Partner and Deputy Director, Dispute Resolution
Thailand
+66 2056 5555
Email

Industries

Insurance

Location

RELATED INSIGHTS​ 

April 4, 2017
Thailand’s Office of Insurance Commission (OIC) has issued new notifications concerning the criteria, procedures, and conditions for (1) offering insurance policies for sale through electronic channels, (2) using electronic means as part of the sale of policies, (3) issuing policies through electronic channels, and (4) paying compensation for claims through electronic channels (Notifications). The Notifications will come into effect on August 26, 2017 (180 days after publication in the Government Gazette).
Read More
February 22, 2017
The long-term growth forecast for Thailand’s insurance industry is quite positive, with increasing income, an ageing population, low market penetration rates, increased market liberalization in the ASEAN Economic Community (AEC), and supportive regulatory framework all expected to contribute to double-digit growth for the industry over the next few years.
Read More
February 6, 2017
Attorneys from Tilleke & Gibbins have written the Vietnam chapter of Practical Law Company’s Doing Business in … Global Guide, an essential handbook for businesses looking to expand their operations abroad. The guide provides a practical overview of the legal system in more than 50 jurisdictions worldwide, with the Vietnam chapter including the following main subjects:
Read More
January 24, 2017
The 2017 edition of Doing Business In…, a Q&A-style guide published by Practical Law Company in collaboration with Lex Mundi, presents an overview of recent legal developments affecting doing business in 51 jurisdictions worldwide. The Thailand chapter of the guide was written by attorneys from Tilleke & Gibbins and presents an overview of Thailand’s legal system and key laws applicable to foreign companies doing business in the Kingdom. The chapter specifically covers the following main topics:
Read More