Governance, Risk and Compliance in Thailand’s Insurance Industry 2017 – Research and Markets

DUBLIN--(BUSINESS WIRE)-- Research and Markets has announced the addition of the "Governance, Risk and Compliance - The Thai Insurance Industry" report to their offering.

The 'Governance, Risk and Compliance - The Thai Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Thailand.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

Key Highlights:

- The Thai insurance industry is regulated by the OIC.

- Thailand's foreign direct investment regime allows up to 49% foreign ownership in the country with permission from the OIC, which can be increased over 49% with the permission from the Ministry of Finance.

- Composite insurance is not permitted in Thailand.

- Motor third-party liability insurance and workmen's compensation insurance are compulsory in Thailand.

- Non-admitted insurance is not permitted in the Thai insurance industry.

Key Topics Covered:

1 Introduction

2 Governance, Risk and Compliance

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulations

2.3 Legislation and Market Practice by Type of Insurance

2.4 Compulsory Insurance

2.5 Supervision and Control

2.6 Non-Admitted Insurance Regulations

2.7 Company Registration and Operations

2.8 Taxation

2.9 Legal System

3 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/3lprbz/governance_risk

View source version on businesswire.com: http://www.businesswire.com/news/home/20170418006066/en/

Research and Markets

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Source: Research and Markets