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Thailand to be ASEAN Insurance Centre

Posted on Nov 16, 2012 by Sergio Ulloa ()  | Tags: Thailand

In order to help develop growth and regulation of professional insurance services in South East Asia, The World Bank is looking to appoint Thailand as the new ASEAN insurance hub. The Office of the Insurance Commission (OIC) made the decision in line with the formation of the Asean Economic Community (AEC) scheduled to be ready in 2015. With 'regional economic integration' as the ultimate goal for the AEC, the insurance industry will be keeping a close eye on the role Thailand will play in promoting insurance products throughout the region.

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