Thai insurers push for wider alternatives choice

Life insurers in Thailand are trying to persuade their local watchdog to allow a wider range of alternative assets amid the prevailing low-yield environment, but it is a slow process. Private market investment firms will nonetheless be taking note. The Office of Insurance Commission (OIC) allows private equity and real estate to a limited extent, but firms want to invest in assets such as foreign private debt and infrastructure. Bangkok-based Muang Thai Life, for instance, has bee…