Insurance head poised to increase fundMr Suttipol says insurance companies continue to be battered by surges in claims from the Covid policies with lump-sum payments. "With support from insurance companies, the OIC will back the fund capital increase to raise public trust in the market and confidence in the insurance system." "If the risks can be assessed correctly, insurance companies will not sell more policies than they can afford. Mr Suttipol said a stress test suggested the insurance industry is still in a strong position. He said two other non-life insurance companies with severe liquidity issues -- Syn Mun Kong Insurance (SMK) and Thai Insurance (TIC) -- also recently showed signs of recovery.

Source: Bangkok Post December 18, 2021 04:32 UTC