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Thaivivat’s chief leads innovation in the non-life insurance sector

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Thaivivat’s chief leads innovation in the non-life insurance sector

By NOPHAKHUN LIMSAMARNPHUN
THE NATION

 

JIRAPHANT Asvatanakul, president and chief executive officer of Thaivivat Insurance, has spearheaded the drive for innovation in the non-life insurance industry.

 

One notable example is the sector’s plan to pay compensation on a rice crop insurance scheme via the government-sponsored PromptPay electronic-payment platform, to be launched during the current quarter.

 

“Non-life insurance firms have discussed with the Office of Insurance Commission [OIC] and the Finance Ministry the provision of coverage for farmers’ annual rice crops using the new e-payment platform. This will reduce the government’s burden in helping farmers affected by natural disasters and other risks.

 

Full story: http://www.nationmultimedia.com/news/business/corporate/30303609

 

 
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-- © Copyright The Nation 2017-01-07

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