Thailand Archives - InsuranceAsia News https://insuranceasianews.com/country/thailand/ Mon, 14 Oct 2024 09:54:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Charles Taylor expands into Thailand through associateship with GATS https://insuranceasianews.com/charles-taylor-expands-into-thailand-through-associateship-with-gats/ Mon, 14 Oct 2024 09:55:36 +0000 https://insuranceasianews.com/?p=164747 The partnership with the Bangkok-based company will allow the loss adjuster to provide a full range of adjusting and claims management services in the country.

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Global loss adjuster Charles Taylor has announced a new associateship in Thailand with Global Adjusting Technical Services (GATS) to meet growing client demand for its services in the assessment and r...

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]]> Crawford Thailand promotes Sompong Suriwong to country manager & director https://insuranceasianews.com/crawford-thailand-names-sompong-suriwong-as-country-manager-director/ Wed, 09 Oct 2024 02:36:59 +0000 https://insuranceasianews.com/?p=164416 The promotion came as current country manager Patipan Soodarram steps up into his new role of chairman of the loss adjuster.

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Crawford has elevated Sompong Suriwong to country manager & director for Thailand, according to press release, taking over from current country manager Patipan Soodarram who will transition to cha...

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]]> Thai insurers brace for losses as Yagi remnants raise flood risk https://insuranceasianews.com/thailand-issues-flood-warnings-as-death-toll-rises-after-yagi/ Thu, 12 Sep 2024 05:35:21 +0000 https://insuranceasianews.com/?p=162648 Thailand’s meteorological department said more heavy rain is expected until September 18 with the risk of flash floods, as a northern monsoon trough is moving down and a southern one is gaining strength.

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Thailand is bracing for more heavy rain and flash floods due to the formation and movement of two monsoon troughs,  in less than a week after Typhoon Yagi led to severe floods in its northern region o...

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]]> Allianz Ayudhya General Insurance poised for robust premium growth: AM Best https://insuranceasianews.com/allianz-ayudhya-general-insurance-poised-for-robust-premium-growth-am-best/ Tue, 10 Sep 2024 07:49:08 +0000 https://insuranceasianews.com/?p=162471 AM Best has assigned a financial strength rating of “A-“ (excellent) and a “stable” outlook on Thailand's ninth-largest general insurer, citing support from Allianz Group.

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Allianz Ayudhya General Insurance (AAGI) is expected to generate robust premium growth over the medium term, driven by the strengthening of its distribution channels and a focus on commercial and heal...

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]]> Roojai Group appoints Nicolas Fauvarque as group chief financial officer https://insuranceasianews.com/roojai-group-appoints-nicolas-fauvarque-as-group-chief-financial-officer/ Mon, 02 Sep 2024 10:20:48 +0000 https://insuranceasianews.com/?p=161879 For his new role, Fauvarque. who joins from the carrier P&V Group, has relocated to Thailand from Belgium.

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Thai full-stack insurtech Roojai Group has appointed Nicolas Fauvarque as group chief financial officer (CFO),  according to a company announcement on LinkedIn.
For his new role, Fauvarque (pictured) ...

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]]> Tune Protect Thailand appoints MSIG’s Sasivimol Choladda as CEO https://insuranceasianews.com/tune-protect-thailand-appoints-msigs-sasivimol-choladda-as-ceo/ Mon, 26 Aug 2024 08:25:27 +0000 https://insuranceasianews.com/?p=161264 Bangkok-based Choladda will report to the recently appointed company group CEO How Kim Lian.

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Tune Protect Thailand, an associate company of Malaysian travel-focused carrier Tune Protect Group, has hired Sasivimol Choladda as its new CEO, according to a press release.
Bangkok-based Choladda (p...

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]]> Sompo Thailand promotes Aditya Tibrewala to CEO https://insuranceasianews.com/sompo-thailand-promotes-aditya-tibrewala-to-ceo/ Wed, 14 Aug 2024 10:09:27 +0000 https://insuranceasianews.com/?p=160451 Singapore-based Tibrewala was most recently chief consumer officer overseeing operational and technical functions across Sompo APAC.

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Sompo Insurance (Thailand), part of Japan’s Sompo Group, has elevated Aditya V. Tibrewala to chief executive officer with immediate effect, it said in a statement.
Singapore-based Tibrewala was most r...

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]]> Hiscox terminates sale of DirectAsia to Ignite Thailand https://insuranceasianews.com/hiscox-terminates-sale-of-directasia-to-ignite-thailand/ Thu, 08 Aug 2024 03:08:50 +0000 https://insuranceasianews.com/?p=159993 The deal was pulled due to failure in meeting customary conditions and regulatory approvals, however, the Lloyd's player said it is "exploring other options" for the Asian retail business.

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Specialist insurer Hiscox said it is pulling its planned sale of DirectAsia to Ignite Thailand, as the deal failed to meet customary conditions and regulatory approvals within the agreed timeframe, ac...

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]]> Howden appoints Ngoensin Sutipitawkong as major accounts senior director in Thailand https://insuranceasianews.com/howden-appoints-ngoensin-sutipitawkong-as-major-accounts-senior-director-in-thailand/ Thu, 25 Jul 2024 10:17:19 +0000 https://insuranceasianews.com/?p=159002 Based in Bangkok, he joins Howden from Lockton where he was a director for three years from June 2021.

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Global broker Howden has appointed industry veteran Ngoensin Sutipitawkong as a senior director of major accounts in Thailand, the company said in a social media post.
Bangkok-based Sutipitawkong (pic...

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]]> Bangkok Insurance COR projected at 85%-90% over the next two years: S&P Global https://insuranceasianews.com/thailands-bangkok-insurance-combined-ratio-would-be-at-85-90-over-the-next-two-years-sp-global-rating/ Mon, 15 Jul 2024 22:00:33 +0000 https://insuranceasianews.com/?p=158110 The rating agency has affirmed the carrier's 'A-' local currency long-term issuer credit and financial strength rating to the insurer, with a stable outlook, and expects its capital adequacy to remain above its 99.95% confidence level over the next two years.

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Thailand's Bangkok Insurance combined ratio would be at 85%-90% over the next two years, according to a report by S&P Global Ratings.
The combined ratio was 88% in 2023, it said.
The insurer’s cap...

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