Roojai revs up for success: Thai online insurer aims to drive into top 10 with profitable year ahead

Roojai CEO Nicolas Faquet | Photo taken from Bangkok Post

Online insurance firm Roojai is poised to post its first profit from Thai operations in the fiscal year ending March 2024, according to founder and CEO Nicolas Faquet. This is largely attributable to the company’s growth in motor insurance sales, as it sets its sights on becoming a top 10 player in this segment by next year.

Faquet revealed it has been a testing time for the company.

“There were some challenges over the past two years from Covid-19, but we are seeing a very good dynamic today in the car insurance market. To me, the immediate future looks bright and positive.”

Roojai reported the addition of 149,248 customers at the close of its fiscal year 2022 in March, marking a 15% increase from the previous year. While Faquet acknowledged this as a respectable rate, he noted it was slower…