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

April 19, 2011

Insurance Reforms Not Investor-Friendly

Subscribe to Updates
Bangkok Post, Corporate Counsellor Column

Reports have circulated of life insurance policyholders being defrauded by unscrupulous insurance agents. The good news is that under recent amendments to the Life Insurance Act, policyholders are now being given more protection. The bad news is that restrictions on foreign ownership, which were rejected amid much controversy with respect to the Alien Business Act, were nonetheless incorporated into the new legislation. This article discusses both the positive and the negative aspects of the amended law.

Download Full Article
Related Professionals
John Fotiadis
Email

Industries

Insurance

Practices

Corporate/M&A

RELATED INSIGHTS​ 

June 24, 2016
Technological advancements are leading to innovation and disruption across a range of industries, and insurance is no exception. Self-driving cars, for example, may one day cause insurance risk to shift from car owners and drivers to car manufacturers. New approaches to insurance, such as peer-to-peer insurance, are also shaking up the industry.
Read More
May 24, 2016
The Insurance and Reinsurance Multijurisdictional Guide 2016/17  presents a Q&A-style overview of insurance and reinsurance law and practice in key jurisdictions worldwide. The Vietnam chapter of the guide, written by Vinh Quoc Nguyen, a senior associate in Tilleke & Gibbins’ corporate and commercial group, provides details on the following subjects:
Read More