+6016 3333 513 | +6013 352 1318

Category: News

Get Instant Cover Note Now

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

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…
Read more

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…
Read more

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…
Read more

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…
Read more

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…
Read more