The headquarters of the Office of the Insurance Commission on Ratchadaphisek Road. (Photo: Pornprom Satrabhaya)
The insurance and assurance industry, in collaboration with the Office of the Insurance Commission (OIC), is promoting digital technology to reduce business risk and improve sustainability.
Technological disruptions such as cyberthreats and artificial intelligence (AI) are changing the economy, while Thailand’s ageing demographics are increasing the proportion of medical spending.
These factors led the OIC to embrace technology to help consumers with risk and insurers to be more resilient.
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