The Thailand Office of Insurance Commission published a recap of its 2025 (B.E. 2568) work programme and policy direction at the OIC X PRESS briefing, structured around 13 priorities spanning prudential policy, motor insurance reform, digital infrastructure and consumer protection. The update also included the regulator’s market outlook, with total direct written premiums across the sector expected to be about THB 969,117 million in 2025, up 3.15% year on year, comprising THB 675,957 million in life insurance (up 3.51%) and THB 293,220 million in non-life insurance (up 2.33%). Key initiatives included expanding group-wide supervision, with “solo consolidation” already in force and “full consolidation” expected to be issued by the first quarter of 2026 for groups where the insurer has control or a direct or indirect holding of 20% or more. The OIC also described revisions to rules on insurers’ investments in other businesses under a risk-proportionality approach and reduced the market risk capital charge for equities listed on the Stock Exchange of Thailand from 25% to 18%. In motor insurance, it introduced the use of driving behaviour as a pricing factor and moved policies toward named-driver cover (up to five drivers), with cumulative premium discounts for accident-free drivers of up to 40% that remain attached to the driver. Other projects covered a road safety pilot in Prachinburi (reducing average daily road fatalities from around 0.46–1.00 to below 0.40), development of e-Policy and a central e-Custodian for compulsory motor insurance, and “Open Insurance” data-sharing with consent and security standards, designed to link with the Bank of Thailand’s Open Data and Open Banking. The programme also referenced an embedded insurance pilot for restaurants in Khon Kaen (targeting a 1,000% increase in participating restaurants from 30 to at least 300), the Fifth Insurance Development Plan for 2026–2030, an ASEAN Life Insurance Leadership Program, more flexible pension life products allowing an initial lump-sum while retaining tax exemption, and a three-phase disaster response framework supported by the OIC Connect app. Next steps highlighted in the briefing include issuing full-consolidation group-wide supervision criteria and starting Open Insurance system testing in the first quarter of 2026, rolling out the compulsory motor e-Policy and e-Custodian in 2026, and expanding both the road safety pilot model and the restaurant insurance initiative in 2026.
Thailand Office of Insurance Commission 2025-12-20
Thailand Office of Insurance Commission sets out 13-point programme for Thai insurance including group-wide supervision rules and digital pilots
The Thailand Office of Insurance Commission's 2025 work programme focuses on 13 priorities, including prudential policy, motor insurance reform, and digital infrastructure. Key initiatives involve expanding group-wide supervision, revising investment rules, and reducing market risk capital charges. The OIC introduced driving behaviour as a pricing factor in motor insurance and launched projects like a road safety pilot, e-Policy development, and Open Insurance data-sharing.