Page 111 - TGIA_AnnualReport2014

4. Revision of Maximum Premium Rates for Natural Perils
The Committee proposed to OIC to revise the maximum premium rates for natural perils, intending to make
them consistent with current situation of natural peril underwriting in oversea reinsurance markets. The Insurance
Commissioner announced a Commandment No. 29/2014 - Use of Premium Rates for Insurance Policies and
Premium Rates for Endorsements (Applicable to Property Insurance Policy Covering Natural Perils and Catastrophe
in Excess of the Fund, Premium Rates for Additional Perils, and Premium Rates for the Limit of Liability Endorsement
of the Industrial All Risk Insurance Policy).

5. The Project of Collaborative Development of Prototype of Map and Model to Assess Risk of
Flooding in Prone Areas for Non-life Insurance Underwriting Phrase 2
The Committee, together with the Geo-Informatics and Space Technology Development Agency (Public
Organization) or GISTDA undertook the Project of Collaborative Development of Prototypes of Map and Model to
Assess Risk of Flooding in Prone Areas for Non-life Insurance Underwriting Phase 2. This phase included maps
displaying 7-year recurring flooded areas, maps indicating flooding prone areas divided into 5 zones, methods of
locating the premises of property insured, and methods of importing data and reporting analysis results based on
different conditions.

6. A Field Trip to Observe Risk Management on a Business Premises
The Insurance Risk Management Club organized a field trip to see the actual fire compartment and smoke
control system to further expand the participants’ knowledge previously gained from the seminar in “Fire
Compartment and Smoke Control”, at Siriraj Piyamaharajkarun Hospital.

7. Property Insurance Data Structure
The Office of Insurance Commission has set up a project of Insurance Bureau System (IBS) Development,
aiming to have a central database for the insurance business. In this regard, the OIC assigned related parties to
review details of the data structure of all types of insurance one more time to ensure that they are in line with
companies’ operations. The Committee joined meetings to review the details of the data structure of property
insurance, together with the Thai Insurers Datanet Company Limited and the Insurance Premium Rating Bureau.
Comments from the meetings will be sent to the OIC and a briefing meeting for the member companies will be held
afterward.

สมาคมประกันวินาศภัยไทย | Thai General Insurance Association 109