TQR views the national catastrophe insurance project as a significant opportunity, as damage from natural disasters could reach tens of billions of baht, exceeding the capacity of the domestic insurance system. Therefore, it is necessary to spread risk through reinsurance to foreign markets, with TQR ready to act as an intermediary manager. CEO Chanaphan Piriyaphan stated that this project covers 30 million households against three perils: floods, storms, and earthquakes, with maximum compensation of 100,000 baht per household and 2,000,000 baht per death case. He also highlighted the concept that risk is opportunity, developing new products such as reinsurance for electric vehicles, cyber, and Active Assailant. Meanwhile, he is confident that revenue will continue to hit new highs, and negotiations with 2-3 partners are underway, with clarity expected soon.
TQR Public Company LimitedTQR sees the national catastrophe insurance project as a significant opportunity, with potential to manage reinsurance for 30 million households, boosting revenue.
