Thailand Office of Insurance Commission (OIC) held the second “OIC Meets CEO 2025” meeting with senior executives from insurers and the Thai insurance associations, setting a policy dialogue agenda spanning prudential supervision, financial reporting, data use, fraud risk and intermediary oversight. The session reviewed ongoing workstreams and supervisory priorities intended to keep regulation aligned with current risk conditions and market developments. On prudential topics, the meeting followed progress on a study to review OIC rules on insurers’ investments in other businesses, considered adjustments to risk-based capital requirements, and discussed developing group-wide supervision, reserve calculation criteria, and new approaches to supervising life and non-life insurers’ financial soundness. It also covered using legal mechanisms to strengthen supervision, developing minimum standards for insurers’ ESG policies and public ESG disclosure, monitoring implementation of the named-driver approach for electric vehicle motor insurance policies, and sought cooperation on referencing documentation used for retroactive blood alcohol level calculations in court to support arbitration processes. On reporting, OIC updated participants on implementation of Financial Reporting Standard 17 on insurance contracts and shared analysis based on first quarter 2025 data, alongside planned future enhancements to the Early Warning System parameters and improvements to approval and licensing processes. On data, OIC positioned itself as a coordinating hub between the Thai Life Insurance Association, the Thai General Insurance Association and the Big Data Institute to deepen use of the Health Link platform, including assessing data sufficiency, identifying additional health data needs, expanding connectivity and encouraging private hospitals to participate. Further agenda items addressed insurance fraud detection indicators and the handling of agent and broker fraud-risk statuses, operational improvements to the motor accident victim protection system, modernising intermediary supervision through e-Licensing registration, electronic premium payment channels, revised examinations and training content, and industry workforce development including the ASEAN Life Insurance Leadership Program. OIC indicated it plans to hold a third “OIC Meets CEO” meeting in late 2025 to track delivery against the agreed directions and discuss additional measures, and noted that discussions on Health Link data service fees would follow between the Big Data Institute and the insurance sector.

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