The Thailand Office of Insurance Commission participated in the Thailand Reinsurance Conference 2025, where Secretary-General Chuchart Pramoolpol delivered a keynote on the regulatory role in strengthening insurance solvency and market resilience in response to intensifying natural catastrophe and climate-related risks. The speech outlined four strands of work: broadening catastrophe risk assessment beyond flood and earthquake to other perils and using the 2025 earthquake experience to test industry readiness; enhancing the Risk-Based Capital (RBC) framework to better capture catastrophe risk by referencing international approaches such as the Insurance Capital Standard (ICS) and Solvency II; strengthening insurers’ risk management standards through more robust risk assessment, stronger Enterprise Risk Management (ERM) capability and more effective reinsurance programmes; and promoting governance and organisational culture that supports proactive catastrophe risk management and forward planning.
2025-10-31Thailand Office of Insurance Commission
Thailand Office of Insurance Commission sets out upgrades to solvency and catastrophe risk oversight at Thailand Reinsurance Conference 2025
The Thailand Office of Insurance Commission's Secretary-General, Chuchart Pramoolpol, addressed the Thailand Reinsurance Conference 2025, emphasizing efforts to bolster insurance solvency and market resilience against climate-related risks. Initiatives include expanding catastrophe risk assessments, enhancing the Risk-Based Capital framework, strengthening insurers' risk management standards, and promoting governance for proactive risk management.