The Thailand Office of Insurance Commission (OIC) held a briefing for life and non-life insurers on how to prepare Enterprise Risk Management (ERM) and Own Risk and Solvency Assessment (ORSA) reports under its 2025 regulatory announcement, positioning the framework as a step-up in risk management and solvency assessment expectations. Under the 2025 requirements, all insurers must submit an ERM/ORSA report to the OIC every year, including a regular assessment of capital adequacy consistent with the insurer’s business plan and risk management. Firms must also provide a risk status report every six months. The briefing emphasised implementing an ERM framework across risk policy-setting, risk appetite and risk culture, alongside ongoing capital adequacy monitoring through ORSA, including assessment under both normal and crisis conditions.
Thailand Office of Insurance Commission 2026-02-26
Thailand Office of Insurance Commission outlines annual ERM and ORSA filings and six-monthly risk reports for insurers
The Thailand Office of Insurance Commission (OIC) briefed insurers on preparing Enterprise Risk Management (ERM) and Own Risk and Solvency Assessment (ORSA) reports under its 2025 regulatory framework. Insurers must submit annual ERM/ORSA and semi-annual risk status reports, focusing on capital adequacy and risk management. The framework aims to enhance risk policy-setting, risk appetite, and risk culture, with assessments under normal and crisis conditions.