Having low coverage in the Southeast Asian region presents a major opportunity for policymakers and insurers to strengthen economic security, the study finds
LIC posted a sharp inflow boost after GST relief took effect, while industry growth is being driven by larger ticket sizes amid declining policy counts.
The deal, which is set to be completed in October, covers policy reserves of approx. ¥310bn (US$2.09bn), with Swiss Re retroceding all mortality risk associated with the portfolio
In what it labels as an industry first, the managing general agent has encrypted policies to help prevent the use of policy documents in extortion attempts.
Thailand's health insurers plan to address rising costs by tightening medical price controls, enhancing digital claims, and enforcing itemised billing.
The three-tier insurance scheme uses real-time driving data to reward safer behavior, with coverage expanding from personal accident protection to family benefits.
