Waiting for parliament to approve the necessary legislation

But the Department of Insurance announced in August 2005 that it would be increasing the capital requirements of insurers to bring them into line with international standards and to bring non-life insurers into line with life companies

There are 77 licensed non-life insurance companies in Thailand. The market is made up of 66 locally incorporated companies, five foreign branch offices and six health insurers, of which only four are active. Virayah Insurance was the largest non-life company in 2003, with a market share of 13.4% made up of 96.1% motor business. Dhipaya Insurance was the second largest company with a market share of 9%, writing a large energy account and government property. Bangkok Insurance, which is allied to Bangkok Bank, had a market share of 7.2%.