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Mr. Suthipol Thaweechaikarn Secretary-General of the Insurance Commission (Secretary-General) OIC) revealed that 7 measures to relax the finance insurance companies claimCovid-19 insurance The details are as follows.
Look at 7 measures to relax the finances of insurance companies
1. Exemption from calculating the insurance risk capital from COVID insurance.
2. Subordinated borrowings can be counted as Tier 2 capital.
3. Relaxation of the minimum Tier 1 capital ratio
4. Exemption from using allowance for volatility PAD to calculate capital
5. Bring the accrued insurance premiums. Overdue periods of up to 30 days are used as back-up assets.
6. Take the accrued insurance premiums with an overdue period of not more than 30 days to calculate the reserve.
7. Give the company a cash ratio bank deposit Manage liquidity more than 5%
.
