Amornsak Mala

Office of Insurance Commission

The Insurance Commission Act has been effective since September 1, 2007. As a result, theDepartment of Insurance has changed its status to become the Office of Insurance Commission (OIC), an independent state agency and a juristic entity with a mission to regulate and develop insurance business and to protect the insurance benefits and rights of the people, similar to the Bank of Thailand and the Office of the Securities and Exchange Commission. Office of the Insurance Commission is a government agency which is not a part of the government and is not a state enterprise. It is a juristic entity with a duty to operate according to the policies, set forth by the Insurance Commission and core missions that include regulating, developing and promoting insurance business to ensure efficiency, transparency, trustworthy and protection of public interest. Followings are the major strategies of the Office of the Insurance Commission. 1. To build public trust and access to insurance system 2. To build stability and competitiveness 3. To develop protection of insurance-related benefit of the public 4. To develop insurance infrastructure