Thailand Office of Insurance Commission joins multi-agency statement that earthquake has not disrupted the financial system and mobilises claims support

The Thailand Office of Insurance Commission participated in a joint briefing with the Council of Engineers, the Federation of Thai Industries, the Bank of Thailand, the Securities and Exchange Commission and the Stock Exchange of Thailand on the impact of the 28 March 2025 earthquake, stating that the country’s financial system, industrial sector and capital markets have not been affected and that the insurance sector is ready to process claims quickly and fairly. For insurance supervision and consumer support, the Office has established an insurance assistance centre and opened additional channels to advise and assist affected policyholders while claims are handled. It also stated that losses will not undermine the stability of the four insurers involved in the relevant co-insurance arrangements because exposures are managed through reinsurance with overseas reinsurers. The support measures will remain in place until the situation stabilises.