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Implemented Plans and Activities Responsible Body

Compliance on the Insurance Commission Declaration on Prescribed Rules, Procedures, Legal and Compliance
and Conditions on the Receipt of Money, Disbursement, Audit, and Internal Control of Committee
Insurance Companies B.E. 2557.

The Working Group of Preparedness for the Compliance on the International Financial Account, Finance and
Reporting Standard on Insurance Contract (IFRS 4) Phase I. Investment Committee
The International Financial Reporting Standard on Fair Value Measurement.
The Project of The Development of Risk-Based Capital (RBC) Framework Phase 2.
The Project of Appropriateness Consideration of the Stress Test Framework for Non-life
Insurance Business.
Summarizing time lines of the enforcement of new and revised Accounting Standards.

4. To cooperate with the supervisory authority and public sector in managing claims from terrorism and
flood to ensure the fairness for all concerned parties.

National Catastrophe Insurance Fund. Property Insurance Committee
Appointing arbitrators for flood claim reinsurance recoveries case due to the flood Legal and Compliance
in 2011. Committee
Writing off bad debt from reinsurance recoveries related to the flood in 2011. Account, Finance and
Investment Committee

5. To support non-life insurance companies to focus on efficient operation, cost reduction, use of IT system
in the operation, and continuous human resources development.

Improving IT system, in cooperation with Thai General Insurance Association. Insurance Premium Rating
Providing information services to member companies. Bureau
Being a center for gathering information on credit ratings and Capital Adequacy Ratios Legal and Compliance
(CAR) of insurance companies. Committee
Being a center for gathering and pooling laws and regulations for the E-law Library system.

Setting TGIA’s Standard Prices for Car Repair. Motor Insurance Committee
Setting TGIA’s Standard Car Prices.
A Training Course on Accident Inspection Class 5.
Joining MOU signing ceremony on “Emergency Medical Service for Road Accident Victims”.
Jointly holding the ceremony of E-Claim Awards 2014 and the ceremony of E-Claim
Certificates and Logos Granted.
Insurance Management Development Program: IMDP 20. Development and Public
th
Scholarships of the 24 ISJ Advanced Course. Relations Committee
st
Scholarships of the 41 ISJ General Course.
6. To develop more insurance policies to promote insurance variety that can cover risks of insureds in every
segment and to improve conditions of insurance policies to be clear and fair.

Revising insurance policies and endorsements related to property insurance. Property Insurance Committee
Prescribed rules for approving form and wording, attachments, endorsements, and
premium rates of individual insurance.

106 รายงานประจำาปี 2557 | Annual Report 2014