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Annual Report 202339
Thai General Insurance Association Thai General Insurance Association
38 Annual Report 2023

Investment Ratio Activity Report of
Thai General Insurance Association 2023
The investment ratio in 2023 changed slightly from the previous year. It can be noted that there was an increase in
investment in high-risk assets, with the largest proportion of investment in bonds, treasury bills, notes, and debentures
at 50.5%, followed by stocks at 23.7% and cash and deposits with financial institutions at 20.9%.

1. MONEY EXPO 2023 BANGKOK Opening Ceremony

Dr. Somporn Suebthawilkul, President of the Thai General Insurance Association, attended the opening ceremony
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of the 23 MONEY EXPO BANGKOK 2023 under the concept of “Green Finance for Green Living” organized by Banking
Finance Journal, with Dr. Prasarn Trairatvorakul, Chairman of the Stock Exchange of Thailand, as the chairman of the
ceremony and Mr. Santi Wiriya Rangsarit, as the event’s chairman. They took a group photo on May 11, 2023, at Challenger
Hall 2, Impact Muang Thong Thani.

2. The Thai General Insurance Association brought the new executive committee to meet with the OIC
Secretary-General.

Dr. Somporn Suebthawilkul, President of the Thai General Insurance Association, led the association’s executive committee
for the year 2023-2025 to meet with Dr. Sutthipol Thaweechaikan, Secretary of the Insurance Commission and Promotion
Committee (OIC), to introduce the new association executive committee and hold a meeting to discuss issues related to the
general insurance business and guidelines for cooperation to develop the general insurance business sustainably. The senior
executives of the Office of the Insurance Commission and the Association also attended the meeting on May 23, 2023, at the
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meeting room, 2 floor, Advanced Insurance Institute Building, Office of the Insurance Commission.

3. The Thai General Insurance Association co-hosted the welcoming ceremony for the delegation from the insurance
regulatory agency of the Lao People’s Democratic Republic (Lao PDR).

Dr. Somporn Suebthawilkul, President of the Thai General Insurance Association, along with the Executive Board of the
Thai General Insurance Association, co-hosted the welcoming ceremony for Dr. Sonephet Inthavong, Director General Department
of State-Owned Enterprise Reform and Insurance (DSRI), Ministry of Finance, and senior officials from government agencies
and private sectors from the Lao People’s Democratic Republic, together with the Office of the Insurance Commission (OIC) and
the Thai Life Insurance Association. The event was for the occasion of visiting and studying insurance in Thailand. Moreover,
Dr. Sutthipol Thaweechaikan, Secretary-General of the Office of the Insurance Commission, and Mr. Sara Lamsam, President of
the Thai Life Insurance Association, joined to provide a warm welcome on June 19, 2023, at the Kesakomol Reception Building,
Dusit, Bangkok.

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4. Preparatory meeting for the 23 AIRDC Conference 2024 in Bangkok

Source: Office of Insurance Commission (OIC) Dr. Somporn Suebthawilkul, President of the Thai General Insurance Association, joined the Executive Committee meeting
of the Association of Insurers and Reinsurers of Developing Countries: AIRDC (AIRDC 2024) together with Bangkok Insurance
Public Company Limited and the Thai Life Insurance Association as co-hosts to prepare for the 23 AIRDC, which Thailand has
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been granted an honor to host in October 2024 at Bangkok, with Mr. Chai Sophonpanich, Chairman of the Board of Directors of
Bangkok Insurance Public Company Limited, as Vice Chairman of AIRDC for 2022-2024, as Chairman of the Executive Committee.
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There were 4 preparatory meetings, namely, the 1 meeting on July 17, 2023, the 2 meeting on November 12, 2023,
the 3 meeting on January 10, 2024, and the 4 meeting on April 3, 2024, at the meeting room of Bangkok Insurance Public
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Company Limited.