Thai insurers poised to revamp allocations

Thailand’s life insurers want to move more into alternatives, equities and foreign assets, but they are worried about charges that will be levied—most notably for stocks—under looming new risk-based capital (RBC) rules.  Local insurance firms, such as FWD Thailand, Krungthai Axa Life and Muang Thai Life, are eyeing new types of investments amid the prevailing low-yield environment (with Thailand’s benchmark interest rate at a near-record low of 1.5%, where it has been since 2015).…