TQR sees growth prospects in the reinsurance business, supported by government disaster insurance measures that help enhance the country's risk management. It is also capitalizing on opportunities from climate change and emerging risks through specialty insurance products covering EVs, cyber insurance, and active assailant insurance, reinforcing the concept that "risk is opportunity." The company is confident that 2026 revenue will reach a new high due to increasing insurance demand. Mr. Chanapan Piriyapan, Chief Executive Officer of TQR Public Company Limited, revealed that the Cabinet has approved the establishment of a national disaster insurance program that covers approximately 30 million households against three types of perils: floods, storms, and earthquakes. The compensation is set at 10,000 baht per occurrence per household for floods, and 5,000 baht per occurrence per household for storms or earthquakes, payable within 15 days, with additional payments based on actual damage up to 100,000 baht per occurrence per household. In the event of death, the payout is 2,000,000 baht. TQR views this project as a significant opportunity to participate in the country's risk management, as large-scale disasters could cause damage amounting to hundreds of billions of baht, exceeding the capacity of the domestic insurance system. Therefore, risk must be spread through reinsurance to international markets, and TQR is ready to act as coordinator and manager for such reinsurance. Mr. Chanapan noted that the earthquake in early 2025 caused nearly 70 billion baht in damage, and the Hat Yai floods at the end of last year caused approximately 20 billion baht in damage, reflecting the need for systematic risk management. TQR continues to adhere to the concept that "risk is opportunity" by developing specialty insurance such as EV, cyber, and active assailant insurance, and is confident of maintaining growth and achieving new highs continuously, driven by increased awareness of the importance of insurance after COVID-19 and government support. Meanwhile, the company is in talks with 2-3 partners and expects clarity soon.
TQR Public Company LimitedGovernment disaster insurance program and increasing insurance demand boost TQR's reinsurance business, with 2026 revenue expected to hit new high.
