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reviewed by the committee and shall be filed for an 2005/2006 and the Off Season Rice Crop Pledge Project
approval by the Insurance Commissioner. for the year 2009, 2008, 2007 and 2006, the Committee,
invited member companies to participate in the project.
8. Actions Taken by the Property Insurance Committee A number of 7 companies, or 90% of the sum-insured
During the Domestic Political Unrest Situation agreed to join. The Public Warehouse Organization
8.1 Consultation Meeting to Find the Ways to agree to a self-insurance of the balance of 10%.
Respond to the unrest Situation
A consultation meeting between members of 11. Meetings, Trainings and Seminars
the Property Insurance Committee was held on May 21, 11.1 Consultation Meeting To Allocate Reinsurance
2010 at the Radison Hotel to find ways to respond to the In view of an increase in the number of losses
situation. caused by natural disaster and to set the guidelines for
8.2 Consultation Meeting with Member Companies member companies to follow in case of filing for claim
A consultation meeting with member companies payment from re-insurer, the Committee convened a
was held on May 25, 2010 at the Meeting Room of the meeting on November 15, 2010 at the meeting room of
General Insurance Association to jointly find ways to the General Insurance Association to discuss the issue.
respond to the unrest situation. For this purpose, the Committee also gather
8.3 Information on retail businesses affected by information on the floods that occurred in the past from
political unrest situation many sources and made available to the member
After the end of domestic political unrest, the companies to use for their underwriting process.
Office of Insurance Commission asked for co-operations 11.2 Inviting Member Companies and Loss Adjusters
from member companies to provide assistance to the to Be Members of Claim Club’s Working Group
affected persons. The Property Insurance Committee As a result of the domestic political unrest, the
asked member companies to provide information on General Insurance Association had informed member
retail property insurance cases with less than 5 million companies of its progress. However, the review of claim
Baht of sum-insured in the areas that were affected by payments to those affected by the event could not be
the situation. A number of 44 companies provided the made because of several reasons. The Claims Club,
information and the Committee has sent the gather therefore, gather information related to the incurred
information to the OIC and member companies. losses from loss adjuster who were invited to be
members of the working group and invited member
9. Supporting a Seminar Organized by the Engineers companies who have insured these losses but are not
Institute of Thailand represented in GIA’s Boards to take part as member of
Jointly hosted a seminar organized by the Engineers the Claim Working Group. The meeting was held on July
Institute of Thailand Under the Royal Patronage and 15, 2010 at the Meeting Room of the Association.
assigned Mr. Arnon Opaspimoltum, the Chairman of the 11.3 Natural Disaster Models
Property Insurance Committee to be the moderator for a The Committee members met with Dr. Anon
panel discussion on “Safety Engineering: Safety Sanitwong na Ayutthaya, an expert on natural disaster
Engineering and Disaster Crisis” at the 2 National model design from the Southeast Asia START Regional
nd
Safety Engine Meeting held on April 29, 2010 at the Lak Center, Chulalongkorn University on August 10, 2010 to
Si Office of the Thai Airways International Plc. get information, to learn and to exchange opinions. At
the initial stage, the Southeast Asia START Regional
10. Assistance to the Public Warehouse Organization Center has some information on flood model. The group
In response to a request from the Public Warehouse also discussed the fee for carrying out the project.
Organization for a renewal of Rice Stockpile Fire 11.4 Discussion on “Fire Prevention and Distinguishing
Insurance made under the Annual Rice Crop Pledge System for Workplaces”
Project for the year 2008/2009, 2007/2008, 2006/2007, The Insurance Risk Management Club organized
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