Progressive Insurance Bhd

Insurance Companies Must Innovative To Anticipate Major Disasters

Insurance companies must come up with innovative products especially to anticipate major disasters, said Sabah Chief Minister Datuk Seri Musa Aman. “Last year was a challenging year for the insurance sector, not only with the downturn in the economy but also with earthquakes in Sabah, floods in Peninsular Malaysia and…

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Allianz’s True Customer Centricity Approach Promises Better Service

Allianz Malaysia Bhd is introducing its latest initiative, the True Customer Centricity (TCC) service model, which aspires to offer customers service that is “Fast, Easy, Reliable…Delivered from the Heart”. The company kickstarted the TCC initiative internally on March 1 with the delivery of a weekly newsflash advocating customer centricity, to…

axa insurance

Providing coverage for women drivers

WITH all that’s going on in your life, the last thing you need is your car breaking down, an accident or even a vehicle snatch theft. Understanding the need for less hassle when filling in the paperwork, AXA Affin General Insurance Berhad (AXA Affin GI) has launched a complete car…


MAA Takaful’s Acquisition Will Not Affect Existing Customers, Says Zurich Insurance

Existing Takaful contracts of MAA Takaful Bhd (MAAT) will be unaffected by the Zurich Insurance Company Ltd’s takeover of the company. As the new owner, Zurich will continue servicing MAAT customers and their contracts remain valid, with all obligations honoured until the term ends. In a statement Thursday, the leading…

The Malaysian Trades Union Congress

MTUC: Extend cover to a year

MTUC will suggest that the proposed Employment Insurance Scheme (SIP) to cover retrenched workers to be extended from six months to a year. Its acting president Abdullah Sani said he personally backed the scheme, which was aimed at helping laid off workers with their expenses until they found new jobs….

MAA Takaful

MAA can advance with disposal of Takaful arm

M AA GROUP Bhd, which has been having funding issues despite being cash-rich, may have finally found a reprieve with the sale of its Takaful arm, MAA Takaful Bhd. Due to its Takaful business, MAA Group’s activities had been restricted by the Islamic Financial Services Act 2013 (IFSA). It also…



Persatuan Insurans Am Malaysia (PIAM) has elected Mr. Antony Lee, CEO of AIG Malaysia Insurance Bhd as its Chairman at the Association’s 38th Annual General Meeting held on 22 April 2016. Mr. Antony Lee said “It’s a great honour for me to be given this opportunity to lead the Management…


Syarikat Takaful Pre-tax Profit Eases To RM58.16 Mln

April 19 (Bernama) — Syarikat Takaful (M) Bhd’s pre-tax profit for the first quarter ended March 31, 2016 fell to RM58.16 million from RM62.22 million in the same quarter last year. Revenue, however, rose to RM633.24 million from RM562.46 million previously, it said in a filing to Bursa Malaysia today….


AIA Public Takaful To Focus On Bumi Market, Full-time Agents

AIA Public Takaful Bhd is optimistic on the potential of capturing a larger Bumiputera market this year given the low penetration rate, growing middle-class population and strong economic fundamentals. Takaful coverage in the Bumiputera segment currently stands at 15 per cent in the country, said Chief Executive Officer Elmie Aman…

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Allianz Life Eyes Over 10,000 Clients For Allianz PrimeSaver

Allianz Malaysia Bhd’s (AMB) wholly-owned unit, Allianz Life Insurance Malaysia Bhd (Allianz Life), is eyeing over 10,000 clients for its new universal life savings plan — Allianz PrimeSaver — in the first year. Allianz Life Chief Product Officer of Strategy & Product Division, Chin Tze How, said the plan was…