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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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 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 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 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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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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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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Allianz Malaysia Bhd has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co, people with knowledge of the matter said. AmGeneral Insurance Bhd’s owners have decided to enter detailed discussions with Allianz on a potential deal, according to the people, who asked not…
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Allianz General Insurance Company (Malaysia) Bhd, the general insurance arm of Allianz Malaysia Bhd, has officially became the first insurer to provide motorcycles under 245cc with added protection at no extra cost. Motorcyclists will be able to choose either Allianz Motorcycle Plus (comprehensive) or Allianz Motorcycle Plus (third party only). The comprehensive insurance comes complete…
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Allianz Malaysia Bhd is diversifying its general insurance portfolio to non-motor protection coverage segments in its bid to remain sustainable and relevant in the long-term. Chief executive officer Zakri Khir said the move allows its general insurance subsidiary, Allianz General Insurance Company (Malaysia) Bhd (Allianz General), to extract higher margins from various insurance products including…
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