Thailand’s Office of Insurance Commission is drafting principles for group-wide supervision of insurance groups at the Full Consolidation level, aiming to issue enforceable requirements by Q2 2026. The principles are expected to be submitted to the Office of Insurance Commission Board in Q4 2025 and are being developed through focus-group discussions with insurers and other Thai authorities. The planned framework distinguishes between Solo Consolidation supervision, covering an insurer and subsidiaries where the insurer holds more than 50% of shares or at least 20% with control, and Full Consolidation supervision, covering the group’s ultimate parent and entities it controls or holds (directly or indirectly) at 20% or more, including associates and all downstream subsidiaries. Where the ultimate parent is foreign or supervised by the Bank of Thailand or the Thailand Securities and Exchange Commission, supervision is intended to be coordinated through tools such as a supervisory college to limit duplicative oversight. The group-wide principles are expected to address group financial position, group ownership structure and director qualifications, insurer dividends, intra-group investment caps, intra-group reinsurance, intra-group transactions, group capital, and group-level risk management, internal controls and governance, alongside a defined “Head of Insurance Group” role and a potential broadening of permitted controlled investments in other businesses subject to governance and applicable GWS conditions. Focus-group engagement is intended to inform the finalisation of the Full Consolidation principles ahead of submission in Q4 2025, with issuance of the Full Consolidation rules targeted for Q2 2026.

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