OIC acts to ensure timely Covid paymentAround 500 people gather in front of The One Insurance Plc on Monday to push for speedier claims reimbursement for Covid-19 insurance. ARNUN CHOLMAHATRAKOOLThe Office of the Insurance Commission (OIC) has issued measures to speed up the claims process for Covid-19 insurance after payment delays were reported. The meeting is scheduled for Sept 12 to collect opinions from relevant agencies and develop guidelines to ensure compliance from insurance companies. According to Mr Suthiphon, the OIC received 1,671 complaints about Covid-19 insurance from policyholders nationwide this year, an increase from 1,305 complaints in 2020. Viriyah Insurance said it received more than 1,000 insurance claims per day, causing the system to slow.

Source: Bangkok Post September 06, 2021 23:15 UTC