Thailand promoted as Asean insurance hub

14 November 2012
The Nation
Aid and development / Banking and financial services / Economy and commerce / Trade / Trade policy and regulation
AEC / ASEAN / Brunei / Cambodia / Development / Indonesia / industry / insurance industries / Insurance service provider / Japanese aid / Laos / Malaysian aid / Myanmar / Singapore / Thai insurance companies / Thailand / The Philippines / The World Bank

The World Bank and Japan will promote Thailand as the insurance centre of the Association of Southeast Asian Nations (Asean) to help develop the industry in neighbouring countries and provide professional services to the more advanced economies. The move is also expected to upgrade the insurance industries in Laos, Vietnam and Cambodia to be compatible with Thailand’s and in line with the policies of this country’s Office of the Insurance Commission (OIC)… Technical assistance, including knowledge and information, will be provided by the bank to Myanmar, Laos, Cambodia and Vietnam, where insurance development is slower. …

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