August 26, 2019
On August 13, 2019, Thailand’s Office of Insurance Commission (OIC) held a meeting to clarify its regulatory plan, which focuses on amendments to the approval process for insurance products and standard health insurance contracts. The amendments are expected to be implemented within this year.Amendments to the Approval Process for Insurance ProductsThe OIC plans to introduce a new approval system for insurance products. The amendments will reduce the timeline for approvals for insurance products as follows: