Bangkok, The new Secretary-General of the OIC has set a goal: wants to see insurance trading figures in 2026 reach a value of 1 trillion baht, along with specifying Sinmongkhong Insurance. The license has not been revoked. There is still an opportunity to return to the insurance profession.
Mr. Chuchat Pramunphon, new secretary-general of the Office of the Insurance Commission or OIC, revealed the policy and operational direction of the OIC office for the year 2024, saying: Overview of the insurance business after the end of the third quarter. In 2023, the life insurance business had a net profit of 28,069 million baht. The general insurance business had a net profit of 14,439 million baht, with an expansion of approximately 4.5%. The overall picture of insurance trading at the end of 2023 was at the value 891,621-927,377 million baht. From the above figures, the picture can be seen more clearly that the insurance business has returned by the end of 2026. The OIC wants to see the insurance trading number re
ach 1 trillion baht and wants the OIC .is a stable organization Wealthy as well as focusing on protecting the rights of the people For this goal in 2024, in addition to developing the organization according to the plan. I also want Thailand to be the insurance center of the ASEAN region. A comprehensive insurance business training center will be built to develop personnel, which the OIC must do better every year.
Secretary-General of the OIC also mentioned Company case Sinmongkong Insurance that at this time Sinmongkong Insurance Company The casualty insurance license has not yet been revoked. The OIC has temporarily stopped providing insurance in accordance with Section 52, paragraph one of the Casualty Insurance Act, B.E. 2535. Issuing such an order from the registrar will help the OIC Office to fully protect the rights of the people. and according to the Registrar’s announcement regarding payment schedules for companies that the Registrar has ordered to temporarily stop providing casualty insurance. This
allows the Office of the OIC to control various payments. All of the company’s insurance. There is still a chance to return to the insurance profession if the company’s financial problems are resolved.
Source: Thai News Agency