Thailand’s insurance regulator, the Office of Insurance Commission (OIC), has launched its fifth Insurance Development Plan for 2026–2030, which aims to reposition the sector as a “national risk buffer” and strengthen oversight as the country faces larger catastrophe exposures and other emerging risks.
The OIC said the roadmap was developed with industry and stakeholder input, including a public hearing in October 2025, before the plan was finalised for implementation over the next five years.
The plan is built around four core strategies: boosting system stability, improving resilience to large-scale events and new risks, expanding access to insurance, and increasing the responsible use of technology and data across the market.
On supervision, the OIC highlighted a shift from company-by-company oversight towards group-wide supervision, alongside expectations for stronger capital standards, governance and consumer protection. It also pointed to work on fraud-prevention measures and the integration of ESG considerations into regulatory priorities.
The resilience agenda includes a move from reactive disaster responses towards the use of more advanced risk modelling to anticipate, prevent and absorb losses from major events, while the inclusion pillar targets wider access for groups such as informal workers, farmers and vulnerable communities.
Technology and data form the final strand, with the regulator signalling a more connected “data ecosystem”, digital supervisory tools, and initiatives such as open insurance and greater use of e-policies to improve transparency and efficiency.
The OIC presented an overview of the plan at an event in Bangkok on 3 February 2026, attended by about 300 participants including leaders from Thailand’s life and general insurance associations, broker and agent bodies, actuaries, government representatives and media. The new plan follows the fourth programme for 2021–2025, which the regulator said laid foundations for the sector’s digital transition.
