This blog is about insurance types in Thailand. That give everyone more details such details of each type, claim description, stakeholders in each insurance and others.
The reader can use for making decision to do which type you are suitable. Because the present, there are many insurance companies, many types of insurance, you should find more information as much as you can.
History of Insurance in Thailand
Insurance Company began in Europe for a long time. When foreign came to trade in the Ayutthaya period may have some insurances especially marine insurance and transportation. But as a foreigner to insure themselves, not coming to Thai implication.
Insurance began in Thailand up period of the year 1825, reign of King Rama 3. He purchased the product from England and he was worry that it would be damaged in transit. Therefore he was ordered to remove the printer such insurance. It showed that cargo insurance, starting from the reign of King Rama 3.
Insurance should be considered in Thailand directly from the reign of 4 onward. That period the French took over the department of trade. It appears that some department has represented insurance companies overseas. As they appear are:
1. Department Borneo, which started in 1856 represented the Netherlands Indea Sea and Fire Insurance Company guarantees the sea and fire insurance representatives of the North China Insurance Company.
2. Scottish Department was established in 1856 as the representative of Ocean Marine Insurance Company.
3. Big Gain back, it was founded in 1858 represented the Colonial Sea and Fire Insurance Company.
The reign of King Rama V, British embassy has requested royal permission to Asiatic Company Limited which the British insurance guarantees Thai citizens and foreigners in Thailand.
After that, the insurance business was not successful. The policy must be sent from England and Thai people had no interest. Business interruption insurance on their own in last the reign of the King 5.
However, during the reign of five acts in the non-life insurance continued on. Almost foreign companies were the representatives of the international warranty such as;
- Siam Forest Department, representation of Commercial Union Assurance Company.
- Ben Meyer Department represented Nordstern Life Insurance Company of Berlin.
- Louis T Leonold's Wayne representatives of China Mutual Life Insurance Company.
That time, the company or department to set up operations in Thailand, there is no direct insurance. Unless companies Boat Chinese Siamese get extra power to operate a fire and marine insurance with warranty. However, insurance is that it has come from the fire insurance, marine insurance, life insurance and car insurance, have been around the same time.
From http://tsl.tsu.ac.th/
LOL! too long, but it just a briefly history of insurance in Thailand. Later day I will tell you more details.
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