The Thailand Office of Insurance Commission (OIC) has opened the 13th cohort of its Advanced Insurance Executive Programme (WPS), bringing together 150 senior executives from across the public sector, finance, insurance, and the private sector. The programme is positioned as a leadership and knowledge-sharing forum to strengthen understanding of insurance, risk management, and policy-level collaboration, with the OIC aiming to develop participants as “Insurance Ambassadors” who can communicate insurance concepts accurately to society. At the opening, the Permanent Secretary of the Ministry of Finance, in his capacity as chair of the OIC board, highlighted that Thailand’s insurance industry has been growing around 3–4% per year while insurance penetration remains about 3–4%, and encouraged wider use of insurance as a risk management tool. His remarks framed four priority risk dimensions for which insurance should play a larger role: geopolitical risk (including supply-chain disruption and property damage, citing business interruption insurance), natural disasters and climate-related events (noting limited disaster-related cover in Thailand), technology and cyber risk (including emerging cyber insurance products covering system recovery, business interruption, and liability for customer data leakage), and ageing-society risk (citing a population aged 65+ at 14.74%, a birth rate of 1.3 per household, and average health cost growth of 6.8% per year). Training for the 13th cohort runs from July to November 2025, and participants are required to prepare and present a group study report that the OIC notes has, in past cohorts, been used to support policy and operational work.
Thailand Office of Insurance Commission 2025-07-29
Thailand Office of Insurance Commission opens 13th Advanced Insurance Executive Programme for 150 senior executives
The Thailand Office of Insurance Commission (OIC) launched the 13th Advanced Insurance Executive Programme for 150 senior executives to enhance understanding of insurance and risk management. The Permanent Secretary of the Ministry of Finance emphasized the need for increased insurance use in managing geopolitical, natural disaster, technology, and ageing-society risks. The programme aims to develop "Insurance Ambassadors" to effectively communicate insurance concepts to society.