Thailand Office of Insurance Commission and AITRI run ERM and operational resilience workshop for insurance regulators from 10 countries

Thailand’s Office of Insurance Commission (OIC), in collaboration with the ASEAN Insurance Training & Research Institute (AITRI), held a regional workshop in Bangkok on enterprise risk management (ERM) and operational resilience for insurance supervisors from 10 countries. The programme aimed to strengthen the practical application of ERM in supervision and insurance business operations and to support operational resilience in response to climate, technology and other systemic risks. Training covered risk-based capital adequacy and solvency, capital adequacy testing and advanced risk modelling, liquidity and investment risk management, and the integration of climate change scenarios into stress-testing methodologies. Operational resilience modules addressed operational risk measurement, impact assessments, early warning frameworks and contingency planning, alongside awareness of risks arising from FinTech and emerging technologies. The workshop brought together more than 30 participants from supervisory authorities in ASEAN and beyond, including Malaysia, Lao PDR, Indonesia, the Philippines, Brunei, Nepal, Oman, Vietnam and Thailand. In opening remarks, Secretary-General Chuchatr Pramoolpol linked the workshop to the OIC’s existing ERM-ORSA framework, referencing the ERM-ORSA notification issued in 2019 and ERM-ORSA reporting guidelines and reporting-quality enhancements implemented from 2020 under its risk-based supervision approach.