Representatives from national insurance agencies and insurance firms in the region are taking part in the 12th meeting of the ASEAN Insurance Agencies being held in Vientiane , Laos , from Oct. 7-9.

Participants were updated on changes in common policies on insurance to help each country build its insurance laws.

Reports were also given on the impact of the global financial crisis on the insurance sector in the region and the adjustment of insurance activities when the world economy shows signs of recovery.

The host country briefed the participants about Laos ’ policies on socio-economic development, including developing the insurance sector in cooperation with regional countries, especially with Vietnam , in building insurance law and joint venture companies.

The Lao National Insurance Agency announced an agreement on insurance for mechanical vehicles passing through borders between Laos , Thailand , Vietnam and Cambodia during the 25th SEA Games to be held in Laos later this year. The agreement was signed between the four countries in late September./.