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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…
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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…
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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…
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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…
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Allianz Malaysia earns RM 4.9 bil in GWP in 2019

Allianz Malaysia Berhad (AMB) Group today reported earnings for the financial year 2019. The Group ended 2019 with a 9.3 percent growth in Gross Written Premiums (GWP) to RM4.92 billion as compared to RM4.50 billion from the year before. Profit Before Tax surged 33.4 percent to RM692.1 million in 2019 as compared to RM519.0 million…
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Allianz quarterly earnings up 31%

Allianz Malaysia Bhd’s net profit for the second quarter ended June 30, 2019 surged 30.93% to RM117.67 million from RM89.87 million a year ago, mainly due to higher contribution from the life insurance segment with the fair value gain arising from the change in interest rate. Its revenue increased 4.53% to RM1.37 billion versus RM1.31…
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Allianz Insurance coverage for longhouses

Allianz General Insurance Company (Malaysia) Berhad has come up with an affordable insurance coverage plan for longhouses. Pos Malaysia Berhad is managing the plan and longhouse chiefs interested can contact its nearest office. Today, a group from Pos Malaysia led by its area sales manager, Sawing Bajing and Allianz General Insurance marketing executive, Vera Phang Lee Ping…
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Allianz holds festive road safety campaign

ALLIANZ Malaysia Bhd held eight road safety campaigns across the country in conjunction with Hari Raya Aidilfitri to remind Malaysians to stay safe while driving during the festive break. The campaigns took place in Sibu, Sarawak; Batu Pahat, Johor; Kota Kinabalu and Tawau in Sabah; Temerloh and Kuantan in Pahang, and Kuala Lumpur. The company…
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Wise up when purchasing home insurance

YOUR home is your biggest investment, you need to secure it and there should be no question about it. Insurance is a safety net and you need to insure your home against possible catastrophic damages. Yet, many homeowners tend to leave it to their banks to purchase a fire insurance policy on their behalf, very…
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only two million out of eight million homes in the country are insured

LAST YEAR, about RM3.31bil worth of property was destroyed in fire-related incidents, according to statistics from the Fire and Rescue Department. What is even more alarming is that only two million out of eight million homes in the country are insured, said its director-general Datuk Mohammad Hamdan Wahid. “Many people think such a disaster will…
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