In remarks at the Insurance Communication Forum 2026, Thailand Office of Insurance Commission Secretary-General Chuchat Pramoolpol outlined plans to strengthen insurers against six interconnected mega risks spanning economic and financial pressures, population aging, climate and catastrophes, technology and cyber threats, AI-enabled fraud and geopolitical disruption. These risks are changing insurance demand while increasing claims, reinsurance, investment and operational pressures. Thailand’s elderly population, for example, is expected to approach 28% by 2040, increasing demand for health and pension coverage as the working-age customer base contracts. The Office is advancing a second group of amendments to the life and non-life insurance laws covering executive and major shareholder qualifications, the independence of key professionals such as actuaries, risk-based capital, data retention and disclosure, and early intervention when an insurer begins to encounter difficulties. This legal work accompanies its shift toward forward-looking, risk-based supervision through enterprise risk management and own risk and solvency assessment, risk heatmaps, composite risk ratings and stress tests of solvency, liquidity and crisis management actions. The measures form part of the Fifth Insurance Development Plan for 2026-2030, which aims to position the insurance sector as a national risk buffer capable of absorbing large losses while continuing to meet policyholder obligations.

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