MORE than 5,000 Allianz Goods-Carrying Vehicle Comprehensive customers have included the Allianz Truck Warrior add-on to their policies since its launch in February. Allianz Truck Warrior is the latest in the Allianz Road Rangers fleet, which offers roadside assistance to motorcycles, cars and now goods-carrying vehicles. This coverage, which opened for issuance on Jan 12,…
Read more
Allianz Malaysia has now joined the government’s Payung Rahmah initiative aimed at offering affordable insurance coverage for everyone. There will be two products available under this initiative namely, Allianz Motorcycle Plus (Comprehensive or Third Party) and PerlindunganKu Allianz4All. For Allianz Motorcycle Plus (Comprehensive or Third Party), Allianz has added a new complimentary RM1,000 Flood Relief…
Read more
Allianz Malaysia Bhd (Allianz Malaysia) will focus on value creation for its life insurance and general insurance operations this year, with key initiatives under three strategic pillars – growth, margin expansion and capital efficiency, said Allianz Life Insurance Malaysia Bhd (Allianz Life) CEO Charles Ong. “Number one is growth, we still want to expand our…
Read more
The Special Perils is an additional coverage which motorist can opt for to cover from loss or damage caused by natural disasters such as floods, storms, earthquakes, landslides and so on. The actual policy wording is: “In consideration of the additional premium that You paid Us for this endorsement, We agree that the insurance provided…
Read more
The threat of fire is always present in commercial builds and over the years the country has continued to see high-profile fire incidents, including several this year. In raising awareness about fire safety and the importance of commercial insurance, Allianz General Insurance Company (Malaysia) Berhad (Allianz General) organised a media forum – Ignore the Peril, Face the Mayhem…
Read more
Allianz General Insurance Company (Malaysia) Bhd is seeking General Insurance Association Of Malaysia’s (PIAM) approved repairers scheme (PARS) workshops nationwide via open tender to join its panel of authorised repairers for 2023 and 2024. Allianz General said invitations would be sent out to all PARS workshops nationwide on Oct 11. Interested PARS workshops are required…
Read more
MetMalaysia predicts that we will face continuous heavy rains from mid-November, but it already starting to flood right now in end-September. Things might get seriously bad in mid-November. The impact is more significant this time around as northeast monsoon is active that time of the year, and the La Nina phenomenon will be present till early…
Read more
The Allianz Motorcycle Plus (comprehensive or third party) has been enhanced to also cover pillion riders of motorcycles 250cc and below. As long as the authorised rider is covered by the insurance they along with the pillion rider get a protection with death or permanent disablement of RM10,000 each and hospital income up to RM6,000…
Read more
Allianz Malaysia Bhd recorded a net profit of RM478.50 million for the financial year ended Dec 31, 2021, an 8% drop from the RM520.33 million achieved in the preceding financial year. Its revenue, however, rose to RM6.43 billion from RM5.95 billion previously, the insurance group said in a filing with Bursa Malaysia on Tuesday (Feb…
Read more
The General Insurance Association of Malaysia yesterday said that owners of uninsured vehicles are courting trouble should they have a traffic collision. The association said under Section 90 (1) of the Road Transport Act 1987, it is mandatory for owners of motor vehicles using public roads to have a valid motor vehicle insurance to obtain…
Read more