APAC | Financial services

Office of Insurance Commission (Thailand)

The Office of Insurance Commission (OIC) is the regulator of Thailand’s insurance industry, operating under the supervision of the Thai Minister of Finance and overseeing insurance companies, brokers, and agents.

The OIC is responsible for issuing insurance companies’ operating licenses and ensuring regulatory adherence through market supervision. The OIC regulates outsourcing guidelines that can apply to organizations using cloud service providers such as Google Cloud.

To help customers understand how we can support them in meeting the OIC’s requirements, we have mapped Google Cloud and Google Workspace to the OIC requirements. Google Cloud is committed to addressing these requirements regardless of how financial institutions choose to use our services.

OIC Compliance Offerings

Learn more about the key laws, regulations, and guidelines prescribed by the Office of Insurance Commission.

Guidelines on Outsourcing for Insurance Companies

Learn more about the OIC Guidelines on Outsourcing for Insurance Companies.

The OIC Guidelines on Outsourcing for Insurance Companies address how the OIC will monitor the outsourcing activities of insurers.The OIC provides specific guidance on the selection of service providers, responsibilities to customers, business continuity management, contractual requirements and monitoring of services and service providers.