The Thailand Office of Insurance Commission has set out work to develop the Fifth Insurance Development Plan for B.E. 2569–2573 as the main strategic framework for Thailand’s insurance sector over the next five years, and is moving into broader stakeholder engagement ahead of formal approval. A recent focus group with life and non-life industry participants discussed four draft directions: building consumer awareness and trust through communication, financial literacy and simpler products; strengthening insurers’ stability and adaptability to emerging risks such as cyber risk, climate-related disasters and technological change; positioning insurance to support the economy and society through areas including agricultural insurance, labour income protection and health security; and modernising sector infrastructure spanning the legal framework, data, supervisory systems and technology to improve transparency and fairness. The OIC also flagged forward-looking drivers including economic and geopolitical uncertainty, a “super aged” society, sustainability (ESG), and greater use of AI, Big Data and Open Data alongside demand for faster, more flexible services such as usage-based insurance and accessible digital channels. Next, the OIC will consolidate inputs and evidence to develop a problem statement and a structured draft plan, then hold a public hearing in September 2025 before submitting the plan to the OIC Board for consideration and approval by end-2025.

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