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7. Project of Electronic Policy
Thai General Insurance Association, in cooperation with Office of Insurance Commission (OIC), had
undertaken a Project of Electronic Policy. The Project was initiated due to high expense ratio of insurance
companies which part of it resulted from the cost of issuing documents and evidences of insurance such as
insurance policies and receipts. As such, to promote and support insurance companies in reducing their
operational expenses as well as to serve the public and insureds well, TGIA and OIC decided to add addition option
of sending insurance documents and insurance evidences to insureds in a PDF form via electronic channels in
order to shorten the delivery process and time and to reduce the expense of the companies. The insureds can
choose to receive insurance documents or insurance evidences in either papered form or electronic form. A
Commandment in this regard was expected to be announced in 2015.

8. Filing the Proposal on Writing off Bad Debts from Reinsurance Recoveries Connecting to Flood Claims in 2011
As member companies suffered from reinsurance connecting to the flood in 2011 which was likely that some
reinsurance recoveries might not be paid by both domestic and foreign reinsurers; therefore, Thai General
Insurance Association has sought for a tax measure to alleviate member companies’ tax burden by writing off debts
not paid by reinsurance companies as bad debts and not having to add them back to corporate’s tax calculation.
The Association has filed the Proposal on Writing off Bad Debts from Reinsurance Recoveries Connecting to Flood
Claims in 2011, seeking for a kind permission from the Ministry of Finance via the Permanent Secretary of Ministry
of Finance, Revenue Department, Fiscal Policy Office, and OIC.

9. Draft of Non-life Insurance Act (No. ….) B.E. ……
Thai General Insurance Association had proposed some modifications toward the draft of Non-life Insurance
Act (No.…) B.E……...., including a revision of the structures of shareholders and board of directors of companies
to strengthen insurance business, allowing the Non-life Insurance Fund to act as a liquidator in case of insurance
license revocation, and to allowing the Non-life Insurance Fund to borrow money to help out creditors who are
entitled to the receipt of debt payments arising from the taking of insurance.
At present, The National Legislative Assembly has already had resolutions of approving the principles of the
Non-life Insurance Act (No.…) B.E……. in the First and Second readings.

10. A Visit of Board of Trade of Thailand to Thai General Insurance Association
The Board of Directors of Thai General Insurance Association welcomed Mr. Isara Wongkusolkij, Chairman
of The Thai Chamber of Commerce and Board of Trade of Thailand and the directors of Board of Trade of Thailand
on July 8, 2014 at a meeting room of Thai General Insurance Association. On this occasion, both parties had a
chance to discuss and exchange views and opinions for the benefit of organization development and to promote a
tightened relationship.

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11. Organizing the 1 Insurance Associations Sport Competition for Relationships.
Thai General Insurance Association and The Thai Life Assurance Association jointly organized the 1
st
Insurance Associations Sport Competition for Relationships on October 10, 2014 at the Polo Football Park, Soi Polo,
aiming to promote unity, team work, and physical and mental health of staff. In addition, it was also expected to
build up relationship and to exchange and disseminate information to one another which would help staff to work
better.

12. Arranging the Agent Licensing Examinations
In 2014, Thai General Insurance Association had arranged agent licensing examinations around the country.
In total, there were 5,000 people applying for the examinations; of which 78.20% actually sitting for the exams and
21.80% absent. The passing rate was 44.35% and failing rate was 55.65%.

100 รายงานประจำาปี 2557 | Annual Report 2014