The Thailand Office of Insurance Commission held bilateral policy discussions with Japan’s Financial Services Agency (FSA) in Tokyo on 13 and 16 February 2026 to advance ongoing cooperation on insurance supervision, including work to align oversight with international practices and address emerging risk areas. Talks covered Japan’s progress toward implementing its Economic Value-based Solvency Regime (ESR), scheduled to take effect in 2026, with the FSA sharing experience on supervisory dialogue, field testing, and integrating ESR into firms’ Own Risk and Solvency Assessment (ORSA) processes. The Office of Insurance Commission exchanged its approach to developing Thailand’s risk-based capital framework and managing market expectations during transition. On group-wide supervision (GWS), the authorities discussed applying a “substance over form” approach, including oversight of intra-group transactions, capital mobility, and group-level liquidity risk, and emphasised strengthening supervisory colleges and regional cooperation for cross-border groups. The agenda also included catastrophe and climate risk as systemic issues, covering approaches to reduce the protection gap, supervise transition risk to a low-carbon economy, and develop climate-related disclosure frameworks suited to the insurance sector.

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