In making the prediction, it cited the results of recent market testing.
Thailand’s Office of Insurance Commission expects to implement the second phase of an enhanced risk-based capital framework for life insurers next year, Fitch noted.
The changes include introducing an operational-risk charge and revisions to existing risk parameters.
The regulator conducted two rounds of market testing in 2016 and 2017 to assess the impact of the proposed new regime on local life insurers.
Published : January 22, 2018
By : The Nation