The Office of the Insurance Commission (OIC) is accelerating the digital transformation of the country's compulsory motor insurance system, aiming to improve protection for road accident victims, enhance operational efficiency, and integrate insurance coverage more closely with annual vehicle tax renewals.
Mayurin Sutthirattanapan, assistant secretary-general at the regulator, said the OIC held discussions with business representatives about reforms to the compulsory motor insurance framework as the nation transitions to a digital economy.