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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…
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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…
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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,…
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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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