allianz logo

Allianz cautiously optimistic, after double digit growth last year

Allianz Malaysia Bhd, which has recorded double-digit growth in gross written premiums (GWP) last year, is cautiously optimistic for the current year, despite a challenging market environment. “We grew by double digits last year. This year is going to be a challenging year, but we are still be able to…

allianz logo

Allianz Sees Not Much Impact On Insurance Sector From GST Implementation

LANGKAWI, June 16 (Bernama) — The implementation of the goods and services tax (GST) since April this year has not much impact on the general insurance business as far as Allianz General Insurance Co (M) Bhd is concerned. Its chief sales officer, Horst H. Habbig, said so far the company…

zurich insurance

Insurer raises funds for charity

ZURICH Insurance Malaysia Berhad recently helped raised funds to support the Spastic Children’s Association of Selangor and Federal Territory (SCASFT). Through its Global Community Week (GCW), a corporate social responsibility (CSR) that is aimed at contributing to the development and betterment of children, the insurer contributed a total of RM100,000…

libertyinsurance

Liberty Insurance optimistic on growth

Liberty Insurance Bhd is optimistic about its business growth this year, supported by its automotive insurance segment. Its chief executive officer David Tan See Dip said the automotive segment now contributed 75% to the company’s earnings. “It is certainly a growth area for us and our market share in that…

AIC

AIC Outlines Strategies To Spur Industry Growth To 7 Per Cent

KUALA LUMPUR, May 20 (Bernama) — The ASEAN Insurance Council (AIC) is planning to execute a two-year masterplan to further drive ASEAN insurance industry growth to seven per cent from 2.4 per cent in 2013. The insurance penetration is expected to grow, in line with integration under the ASEAN Economic…

Al Rajhi i-medic

Al Rajhi Bank Launches New Medical Plan

May 26 (Bernama) — Al Rajhi Bank has launched a new medical plan, i-Medic, offering affordable and comprehensive medical and hospitalisation coverage. The new product is in partnership with AIA PUBLIC Takaful Bhd. “i-Medic will enable Al Rajhi Bank to strengthen its bancatakaful products offering and create an opportunity to…

takafl_malaysia

Takaful confirms buying RM85 million 1MDB sukuk bond

Syarikat Takaful Malaysia Berhad (Takaful Malaysia) today revealed that it bought a RM85 million Islamic bond from 1Malaysia Development Berhad (1MDB) in 2009, but the Islamic insurance company assured that the investment was low-risk. Takaful Malaysia group managing director Datuk Seri Mohamed Hassan Md Kamil said the bond was purchased…

AIA

AIA appoints first woman CEO from Asia-Pac

KUALA LUMPUR: Life insurer AIA Bhd has appointed its first ever woman chief executive officer from the Asia-Pacific region. Anusha Thavarajah, who joined the firm in October 2011 as deputy general manager of finance and actuarial, takes over from Bill Lisle, who has been appointed regional chief executive overseeing the…

takafl_malaysia

Takaful Malaysia on the lookout for M&A

Syarikat Takaful Malaysia Bhd, which expects a record year in 2015, is looking to buy a local takaful company in 2017 as composite insurers and takaful players will be required to split their life and general insurance businesses under separate licences by 2018. “With the restructuring that will take place,…

zurich insurance

Zurich Insurance sees opportunities in Malaysian, global markets

KUALA LUMPUR: Composite insurer Zurich Insurance Malaysia Bhd continues to see opportunities in the outlook of both the global and Malaysian markets, as fundamental dynamics will continue to give the current market rally legs. The company, which is headquartered in Switzerland, said that there were good investments overseas, as markets…