Thailand InsurTech Fair 2022, organized by the Office of the Insurance Commission (OIC) in collaboration with the Center of InsurTech Thailand (CIT), is the biggest insurance fair of the year. With the theme, "Reshaping Insurance to the Multiverse of InsurTech for the Future," this event showcases a diverse range of insurance products from leading companies. It brings together insurance experts and industry insiders from around the globe to build networks, share experiences, and exchange new knowledge related to insurance.
Activities
Success story
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In terms of activities at TIF 2022, the response was well beyond the target. with a premium of 1,063 million baht, with a total of more than 19,365 policies, divided into life insurance products with insurance premiums of 905 million baht, 7,544 policies, non-life insurance products There are insurance premiums of 158 million baht, 11,821 policies. The seminar had a total of 202,389 people attending the seminar, divided into 43,821 people on the ground and 158,568 people online. In addition, in the Business Matching section, business matching through discussion. exchange information and build business relationships to further the company's growth in the insurance industry There were more than 300 people interested in joining the business talks. |
Seminars
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The advent of the digital age has dramatically changed the ecosystem of the insurance industry. Therefore, the regulators, who play an important role in the development of the industry, need to focus on this change in order to achieve the goal that the insurance businesses need to be fast developed and grow by leaps and bounds under the rules and regulations that will concurrently facilitate business operators and aid policyholders in the new multiverse of insurance.
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Strengthening the digital ecosystem of the insurance industry by evaluating the organizations from cyber responses to achieve the goal of empowering effective cyber capabilities.
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Since the outbreak of COVID-19 has highly influenced health insurance and wellness trends among people across the world, the insurance industry, therefore, must be developed and well-equipped to cope with the needs of customers. Sharing the perspective on leveraging the power of health insurance technology for the maximum benefit of the insurance businesses that will look after and insure the health of Thai people nowadays.
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Technology has played a big part in enhancing the service and providing a great experience for new-age insurance customers anytime and anywhere. The insurance agents must apply technology to customer service to meet the needs of new-gen customers, fully and with high satisfaction.
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Since regulators must be aware of the importance of innovation that is dynamic and changes all the time to be able to support and assist in promoting the development of the insurance market in the digital world, Let's find out how regulators can contribute to the development of the digital insurance market and how they can use technology to strengthen insurance.
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Next Generation Intermediary: Revamping
It is undeniable that technology has rapidly transformed every industry, especially the insurance business, which is one of the industries having to constantly adapt. Therefore, it is crucial to look at the key technology trends in the next 5 years, for technology and innovation will determine the direction of the insurance industry. Let’s learn about what insurance industry leaders need to be aware of and prepare for future changes.
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Financial Sector Blueprint: Strategies to
Keeping up with major trends and developments in the finance industry in Malaysia and gaining insight into strategies from the 'Central Bank of Malaysia' to reach the goal of success, as well as getting an update on the insurance regulatory framework suitable for the digital transformation for sustainable insurance business development.
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What to Concern When Choosing
Let's discuss the concepts and strategies for selecting a cloud solution platform from a global cloud solution vendor (PaaS and SaaS) that best suits business needs, to be adapted to the insurance industry, together with case studies from successful businesses across the world.
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Accelerating Digital Innovation for safe,
Promoting the creation of new businesses by utilizing digital innovation in accordance with change in society with “CSV x DX” as our core concept. We introduce our telematics initiatives that are central to our activities.
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Pioneering RegTech Automate
Regulatory technology (RegTech) is the adoption of technology to increase compliance for the safety of consumers, along with maintaining the stability of the financial system. Let's get to know RegTech, which will be widely used in the future, and take a look at case studies on the use of RegTech in other countries, as well as the collaboration between RegTech and SupTech that will employ technology to help business regulators further.
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Step-by-Step Walkthrough: How to
When technology can improve efficiency for various businesses, insurance companies now can easily start adopting artificial intelligence (AI) in the insurance claims process. Let's delve into each step of the insurance industry development by using AI to help process claim request with higher speed and more accuracy, which will finally increase business efficiency.
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The Next Frontier of Digital
It is undeniable that technology has rapidly transformed every industry, especially the insurance business, which is one of the industries having to constantly adapt. Therefore, it is crucial to look at the key technology trends in the next 5 years, for technology and innovation will determine the direction of the insurance industry. Let’s learn about what insurance industry leaders need to be aware of and prepare for future changes.
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A Platform to Facilitate Insurance
Innovation has become a key part of an organization’s strengths. The insurance industry, therefore, must be aware of its importance and find a way for the organization to develop innovation that meets its needs and be able to design new innovations to promote access to the insurance market and increase insurance purchases by more people.
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OIC InsurTech Award
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The OIC InsurTech Award 2022 was organized under the theme "AWAKEN THE NEW POWER OF INSURANCE." In the final round competition held at the Thailand InsurTech Fair 2022, 10 teams that successfully passed the selection process from over 167 interested applicants were selected to present their InsurTech projects. The competition was divided into two categories: the student category and the general public category.
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Public Category: Winner
This team has proposed an idea to develop a platform connecting private medical clinics, incorporating a system to detect fraud and control various aspects such as treatment expenses, medication dosage, and healthcare standards. This platform empowers insurers to provide health insurance products, facilitating convenient access to clinic-based treatments. As a result, it ensures affordable insurance premiums for individuals with low income or those covered by basic welfare.
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Student Category: Winner
This team has proposed an idea in response to the increasing number of mental health patients, with some individuals feeling uncomfortable talking to psychiatrists. As a solution, the team has introduced an application that enables mental health patients to consult with online psychiatrists. This platform can also provide diagnoses, assess risks, and determine suitable insurance premiums through AI technology.
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InsurGame Competition
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The InsureGame Competition in 2022 is a competition of the online game called "OIC Risk Protector," developed by the Center of InsurTech Thailand to raise awareness and enhance understanding of the importance and benefits of insurance among the public. The competition was held at the Thailand InsurTech Fair 2022, with the top-ranked players competing for the grand prize, iPhone 14, and many other rewards.