Daily Insurance Industry News
 
 
Daily Insurance Industry News
Thursday 18th of October 2018
March 30, 2011

Thatcham secures Thai contract

by Gill Montia

Story link: Thatcham secures Thai contract

Thatcham, the British motor insurers’ research centre, has signed a two-year contract with Thailand’s General Insurance Association (GIA) , for the delivery of vehicle premium risk rating and alternative parts accreditation, to the Thai market.

The GIA is the country’s equivalent of the Association of British Insurers and the move will create opportunities for insurers in Thailand to take a more structured approach to insurance premium setting, as well as providing better information for consumers.

The parts sector should also benefit from an increase in quality and choice of aftermarket parts.

Thatcham established a Thai unit in 2007, with the aim of developing closer contacts in new and emerging markets, and director of research, Andrew Miller, comments: “This contract will provide the opportunity to expand our Thailand base and thus … allow us to further develop our research and knowledge base of the new Asian vehicle producers.”

 

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