Risk-based capital framework implementation in Thailand

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By Michael Daly, Sing Yee Yeoh | 26 September 2011
The much-heralded new risk-based capital (RBC) framework is being implemented in Thailand from September 2011. The Office of the Insurance Commission (OIC) carried out a second round of test calculations earlier this year to assess the solvency position of all insurance companies as at 31 December 2010. The test results that were published recently by the OIC provide a good indication of the capital position of the industry under the new RBC rules.