+6016 3333 513 | +6013 352 1318
support@renewinsurance.com.my

Author: admin

Get Instant Cover Note Now

Motor insurance claims fraud cost RM1 billion a year

The Allianz Road Rangers (ARR) initiative by insurance company Allianz takes the overused “there for you” promise literally. It does that, in-person, all the way from the accident scene to delivering the repaired car back to you. More than just the standard free towing service, ARR deploys its First Response Bike Brigade to accompany customers in an…
Read more

Allianz projects weak growth for motor insurance this year

Allianz Malaysia Bhd has projected a weak growth for motor insurance this year in line with the slump in vehicle sales during the lockdown period. Chief executive officer Zakri Khir said Phase One of Movement Control under the National Recovery Plan for the whole of this month has had an adverse effect on the motor…
Read more

Allianz’s earnings increase in FY20 on higher gross written premiums

Allianz Malaysia Bhd’s net profit increased 5.7 per cent to RM520.33 million during the financial year ended December 31, 2020 (FY20) from RM492.48 million recorded in FY19. The group’s revenue in FY20 increased 7.4 per cent to RM5.95 billion from RM5.53 billion. For the year, the group earned RM 5.31 billion in gross written premiums…
Read more

Over 720,000 Allianz Motorcycle Plus policies sold in one year

If you’re looking for the best motorcycle insurance coverage for bikes below 250cc, one of those policies placed high on the list is the Allianz Motorcycle Plus policy. In essence, this particular policy from Allianz General Insurance Company offers riders with ‘bigger protection at no extra cost’. Launched just over a year ago in April…
Read more

Allianz Malaysia goes ‘easy’ on products

Allianz Malaysia Bhd plans to offer simple, affordable products and more specific insurance policies to help drive the business, especially during difficult times brought about by Covid-19. CEO Zakri Khir said that while businesses have been impacted by the pandemic, Allianz Malaysia will remain focused and continue to push for business agility and do better…
Read more

Malaysia’s insurance sector one of few to avoid contraction: Allianz

Malaysia should be one of the few markets in the region to avoid contraction in its insurance industry this year, albeit by a hair’s breadth, said Allianz. The German insurance giant said premiums were expected to grow by only 0.9 per cent with the life insurance segment growing 1.8 per cent and property-casualty (P&C) segment,…
Read more

Allianz Malaysia operating revenue up 10.4 per cent to RM1.48 billion for Q1

Allianz Malaysia Bhd recorded an operating revenue of RM1.48 billion for the first quarter (Q1) ended March 31,2020, an increase of 10.4 per cent or RM140.4 million from last year. The earnings increase was mainly due to higher gross earned premiums and investment income by RM122.7 million and RM17.7 million respectively. However, net profit fell…
Read more

Disinfecting vehicles now part of Allianz General’s SOP

Allianz General Insurance Malaysia’s coverage will now also include a mandatory disinfecting process for accident vehicles brought in to panel repair workshops. Given the Covid-19 and Movement Control Order (MCO) situation, each vehicle is thoroughly disinfected twice; when it first arrives at the workshop for repairs, and again once repair works are completed. Moreover, the…
Read more

Allianz Malaysia to focus on boosting digital capabilities, agency force

Allianz Malaysia will continue to focus on enhancing its digital capabilities, providing training and recruiting the best agents and applying strict performance criteria to elevate its agency force in the year ahead. Its CEO Zakri Mohd Khir stated that it will also seek to enhance its product offering and simplify its processes. “While the deregulation…
Read more

Allianz Malaysia Bhd CEO view about covid-19 impact

The general and life insurers in Malaysia are set for a rough ride in the coming months due to global economic repercussions from the Covid-19 pandemic. Allianz Malaysia Bhd chief executive officer Zakri Khir said the insurance industry was facing twin setbacks of sharp decline in crude oil prices and demand and supply uncertainty. This…
Read more