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

June 24, 2025

Practical Law: Insurance and Reinsurance Global Guide 2025 – Thailand

Subscribe to Updates

Insurance specialists from Tilleke & Gibbins in Bangkok have contributed the Thailand chapter to the newly released 2025 edition of Thomson Reuters’ Practical Law guide to insurance and reinsurance.

The Thailand chapter offers a comprehensive Q&A-style overview of the legal and regulatory framework governing insurance and reinsurance in the country. It provides key insights for businesses, insurers, reinsurers, and intermediaries operating in or entering the Thai market.

Key topics covered include:

  • Market structure and common types of insurance;
  • Regulatory framework and oversight by the Office of Insurance Commission (OIC);
  • Authorisation requirements for insurers, reinsurers, and intermediaries;
  • Ownership restrictions and foreign investment rules;
  • Corporate governance, capital requirements, and solvency obligations;
  • Reinsurance arrangements, including fronting, risk transfer, and common contractual clauses;
  • Policy content requirements, standard clauses, and consumer protections;
  • Claims procedures, statutory time limits, and subrogation rights;
  • Dispute resolution mechanisms, including OIC arbitration and court proceedings;
  • Insolvency protections for policyholders;
  • Tax treatment of insurance and reinsurance businesses in Thailand;
  • Recent legal developments, including pending amendments to the Life and Non-Life Insurance Acts and updated OIC regulations on reinsurance and investment activities.

The 2025 edition reflects Thailand’s evolving regulatory environment, including proposed legislative reforms to strengthen corporate governance, risk-based capital requirements, and financial stability in the insurance sector. It also highlights practical considerations for foreign insurers, reinsurers, and intermediaries seeking to participate in Thailand’s insurance market.

Tilleke & Gibbins contributes regularly to the Practical Law series of guides for various jurisdictions in Southeast Asia, providing trusted legal insight for multinational companies.

To access the latest Thailand chapter of the insurance and reinsurance guide, please visit the Practical Law website and enroll in the free Practical Law trial to gain full access.

Related Professionals

Industries

Insurance

Location

RELATED INSIGHTS​ 

December 1, 2016
On November 29, the Office of Insurance Commission (OIC) in Thailand announced that it had approved, in principle, draft notifications that set out the criteria, procedures, and conditions for the issuing and offering for sale of both life and general insurance products through online channels.The key features of the draft notifications are as follows:   
Read More
September 2, 2016
Many people are approached by “investment consultants” selling various investment products and/or life insurance. One of the products they commonly offer is life insurance that is written to pay a benefit based on the performance of particular investments. They may refer to this as an “insurance wrapper,” or explain that the investments (stocks, bonds, mutual funds, etc.) are held “inside” the insurance. Whatever the informal description, it is important to understand that activities involving these types of products are subject to strict regulation under Thai law.
Read More
August 10, 2016
On July 1, 2016, the Vietnam government enacted with immediate effect Decree No. 73/2016/ND-CP guiding the Law on Insurance Business 2000, as amended in 2010 (Decree 73). Decree 73 replaces Decree No. 45/2007/ND-CP (and its amendments) and Decree No. 46/2007/ND-CP.Decree 73 introduces the following key changes to the reinsurance business in Vietnam:
Read More
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