Dublin, July 10, 2024 (GLOBE NEWSWIRE) -- The "Thailand Insurance Industry - Governance, Risk and Compliance" report has been added to ResearchAndMarkets.com's offering.
This report is the result of extensive research into the insurance regulatory framework in Thailand.
It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together the analyst's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
Scope
- An overview of the insurance regulatory framework in Thailand.
- The latest key changes, and changes expected in the country's insurance regulatory framework.
- Key regulations and market practices related to different types of insurance product in the country.
- Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country.
- Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.
Key Highlights
- The Thai insurance industry is regulated by the OIC.
- The foreign direct investment (FDI) regime of Thailand allows up to 49% foreign ownership in the country with permission from the OIC, which can be increased over 49% with the permission from the Ministry of Finance.
- Composite insurance is not permitted in Thailand.
- Motor third-party liability insurance and workmen's compensation insurance are compulsory in Thailand.
- Non-admitted insurance is not permitted in the Thai insurance industry.
Reasons to Buy
- Provides FAQ-style analytical insights comprising 129 knowledge elements on insurance compliance applicable to the country.
- Gain insights into the insurance regulatory framework in Thailand.
- Track the latest regulatory changes, and expected changes impacting the Thailand insurance industry.
- Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
- Understand key regulations and market practices pertaining to various types of insurance product.
Key Topics Covered:
- Legislation Overview
- Supervision and Control
- Legislation
- Compulsory Insurance
- Non-Admitted Insurance Regulations
- Company Registration and Operation
- License
- Foreign Direct Investment / Ownership
- Minimum Capital Requirements
- Solvency Margins
- Reserve Requirements
- Statutory Return Requirements
- Fee Structure
- Taxation
- Tax on Insurance Premium
- Corporate Income Tax
- Corporate Capital Gains Tax
- Value Added Tax
- Legal System
- Policy Practice
For more information about this report visit https://www.researchandmarkets.com/r/w2q3ta
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