Thailand’s insurance industry regulator has ordered Southeast Insurance and Thai Insurance to suspend sale of non-life policies and rectify their financial position within the stipulated timeframe.

TOKIO MARINE Safety Insurance (Thailand) Plc, a company now being created through the merger of its two major arms, is aiming to be one of Thailand’s leading insurers with a gross written premium (GWP) target of Bt21.7 billion in 2022.