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).

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.

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:

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: