4 missions that determine the fate of the business General insurance is ready to create a Quick Win plan towards sustainable growth goals.
Thai General Insurance Association Report on the results of operations according to the strategic plan for the past 1 year in driving the business. General insurance Ready to strive to push forward all 4 main missions to achieve success. Emphasis on moving forward with the Quick Win plan to create continuous results. In order for the Thai general insurance business to move forward steadily and sustainably.
Dr. Somporn Suebthawilkul, President of the Thai General Insurance Association, revealed that the association is ready to move forward with various projects and activities to achieve success in its four mission areas, in order to drive the Thai general insurance business forward in a stable and sustainable manner. These areas include:
Mission 1: To promote a positive and internationally recognized image for the insurance industry, demonstrating social and environmental responsibility. Mission 2: To enhance confidence and trust in the insurance industry's role as a professional risk management service provider to both the public and private sectors. Mission 3: To develop the capabilities of insurance personnel to become professionals committed to good governance. Mission 4: To foster an insurance ecosystem conducive to stable and sustainable business growth.
From April 18, 2566 onwards, the Executive Committee The Thai General Insurance Association for the year 2566-2568 has operated according to the association's strategic plan, with the goal of being an organization that promotes and supports the general insurance business as a sustainable pillar of the country's economic and social system. Adhere to the policy of acting as a professional risk manager for the public and private sectors. Focus on professionalism Create operational standards To be a guideline for transparent business operations along with helping society in various dimensions
In the past 1 year, the Thai General Insurance Association Various projects and activities have been carried out to drive success in accordance with missions in all 4 areas in order to drive the Thai general insurance business forward in a stable and sustainable manner as follows.
Mission 1: Promote the insurance business to have a good image that is accepted internationally and is responsible for society and the environment.
Thai General Insurance Association Has carried out the dissemination of information To create an understanding of general insurance and create a good image that is more acceptable to the general public and those involved. As well as driving ESG (Environment, Social and Governance) in the general insurance business, including:
Raising awareness of the necessity of insurance
Thai General Insurance Association Public relations has been carried out to disseminate information through the internet and social media. To create an understanding of general insurance and create a good image that is more acceptable to the general public and those involved, consisting of the association's annual press conference. and important issues of the general insurance business Publishing information to create awareness among the public online in the form of infographic media that reaches a large number of target groups.
Driving ESG (Environment Social and Governance) in the Thai general insurance business
Thai General Insurance Association Guidelines for applying ESG in various dimensions have been prepared to suit activities in the general insurance business. and establish an operational framework to align ESG with the organization's strategy. Including studying information and impacts related to Carbon Credit as a guideline for adapting to prepare the insurance business. By creating an understanding of the impact of trading in greenhouse gas quantities. (Carbon credits) that affect the transportation and logistics sector
Ready to follow up on the establishment of a learning center and expand the use of water resources to improve the quality of life and living conditions of the community in collaboration with Rajamangala University of Technology Isan. Roi Et Campus at Thung Kula Rong Hai It is a model for groundwater management in arid areas outside irrigation areas. Solving the problem of shortage of water sources used in agriculture Change the dry field of Tung Kula Weeping into Tung Kula Smiling with adequate and sustainable water for use in agriculture.
Mission 2: Raise confidence and trust in acting as a professional risk manager for the public and private sectors.
Thai General Insurance Association Support the creation of an information center and the use of information regarding non-life insurance for maximum benefit to society and the people. Support the idea and push for self-regulation of the business sector and towards liberalization in some dimensions. and pushing the government sector to have various measures to promote and support non-life insurance at all levels and dimensions to help manage risks and alleviate the government's burden, including:
1. Crop insurance project, production year 2567/68
The association has prepared an insurance policy for rice in the first year. (The process is in progress) Production year 2567 and apply for an opinion on the form and text of the insurance policy and insurance premium rates. to the Registrar, Office of the OIC, which has presented an insurance model that offers the most benefits and reasonable premiums. Including to respond to government policy. To promote and encourage farmers to participate in crop insurance.
2. Insurance project for foreign tourists while traveling in Thailand.
From the policy of collecting domestic travel fees for foreign tourists, Thailand Traveler Fee (TTF), also known as The cost of treading on land. The association has offered insurance coverage for foreign tourists. Not less than the tourist relief fund that has already been cancelled. which is currently under consideration of the Ministry of Tourism and Sports which will be summarized and presented to the Cabinet for consideration in July 2567.
3. Project to develop a data linkage system to check compulsory car insurance.
together with the Department of Land Transport By the Motor Vehicle Insurance Board which has closely followed the delivery of information from non-life insurance companies to import the information into the CMIS compulsory car insurance reporting system in real time to support the inspection of insurance information under the Act. by the Department of Land Transport quickly In order to check car accident victims' information and compulsory car insurance information (Act) and make helping car accident victims possible quickly.
4. Assisting disaster-affected farmers by using science and technology in the crop insurance system.
Between the Department of Agricultural Extension Thai General Insurance Association and Thaicom Public Company Limited by using satellite technology Data analysis systems and AI & Machine Learning systems are used in crop insurance. By analyzing data and examining damages in order to pay compensation in the crop insurance project. Which has started piloting in 6 provinces, including Khon Kaen, Nakhon Ratchasima, Nakhon Sawan, Nakhon Si Thammarat, Roi Et, Sukhothai, and has expanded the testing area to 16 provinces.
5. Utilization of Insurance Bureau System Data Project
Increase efficiency in leveraging the insurance central database (Insurance Bureau System: IBS) in developing insurance product systems and providing customer service. including people in many dimensions By pushing for the business sector to be able to access information from the IBS database in order to use the information in various overall analysis that is more beneficial to the general insurance business, which the association and the OIC have jointly organized. Kickoff work: Using data from the Non-Life IBS system and ready to deliver reports back to member companies.
Mission 3: Develop the potential of personnel in the insurance business to be professionals who adhere to the principles of good governance.
Thai General Insurance Association We have implemented projects and activities to develop the potential of personnel in the insurance business to be professionals who adhere to the principles of good governance. Encourage personnel to enter the general insurance business system. and develop personnel to strive for excellence and changes to the association It is a modern organization. To jointly drive forward efficiently, such as
Personnel development in the insurance business through the Insurance Professionalism & Self-Empowering Project (IPSP), General Insurance Business Executive Development Project Training, Class 27 (IMDP 27), Personnel development to have knowledge and expertise in insurance products, legal aspects, and accounting standards. Through various trainings and seminars, preparation for cyber security and guidelines for setting up a data governance system for the insurance business, E-Learning training, anti-money laundering courses. and prevention and suppression of terrorism financing by financial institutions. Including the development of personnel of the association In working proactively, both Soft Skills & Hard Skills, in order to lead the organization to "Modern & Smart Organization"
Mission 4: Strengthen the insurance ecosystem that facilitates business growth and stability.
Thai General Insurance Association Support the creation of an information center and the use of information regarding non-life insurance for maximum benefit to society and the people. By supporting the idea and pushing for self-regulation of the business sector. Along with preparing a guideline for insurance business operators of the Anti-Money Laundering Office (AMLO) and guidelines for the general insurance business sector in accordance with the Personal Data Protection Act to cover all aspects (PDPA Guideline for Non -life Insurance Industry) to create understanding for member companies to fully comply with personal data protection laws.
Dr. Somporn said that in addition, the association is also preparing for the use of Financial Reporting Standards No. 17 (TFRS17), tax impacts from the TFRS 17 standard on the general insurance business for member companies. and pushing for the development of fraud management systems and resolving insurance fraud problems in the general insurance business. Create a project to develop a map system and model for evaluating areas at risk from floods and earthquakes.
Including creating a central inspection system to prevent health insurance fraud. Ready to study, develop and improve voluntary car insurance products. Insurance policy for electric-powered vehicles (BEV) and insurance policies to compensate for benefits from accidents or use of vehicles (Motor Add on), all of which increase efficiency. and creating operating standards to serve as guidelines for operating the general insurance business.
The association, under the management of the Executive Committee for the year 2566-2568, has jointly driven the Quick Win plan according to the direction of the association's strategic plan. which saw concrete progress as specified Both the merger of the Insurance Premium Rating Bureau (IPRB) and Thai Insurers Datanet Co., Ltd. (TID) are a research and development company for the Thai general insurance business. Company Limited or TIRD, pushing for self-regulation of the casualty insurance business sector and liberalizing the casualty insurance business in some dimensions.
Reviewing the suitability of laws and regulations related to the general insurance business (Regulatory Guillotine) with the OIC. Controlling medical expenses of health insurance. and study additional measures to reduce taxes. Including the establishment of a team of medical advisors to the Thai general insurance business. and proactively creating a good image for the general insurance business
