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…
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Allianz General Insurance Company (Malaysia) Bhd will continue to focus on products and value-added services to maintain the company’s strong performance in the industry. Chief executive officer (CEO) Sean Wang said the company would maintain its current strategy as it is difficult to plan too far ahead, given the fluid situation regarding how Covid-19 is…
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Allianz Malaysia Bhd’s 111 Motorcycle Campaign is offering up 110 monthly prizes including a Honda Wave Alpha and a grand prize of a Honda CBR250RR worth RM25,999. Riders who purchase an Allianz Motorcycle Plus (comprehensive or third-party) or Allianz Motorcycle (comprehensive or third party) policy between now and Dec 31 will automatically be in the…
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The Allianz Road Rangers (ARR) initiative by insurance company Allianz takes the overused “there for you” promise literally. It does that, in-person, all the way from the accident scene to delivering the repaired car back to you. More than just the standard free towing service, ARR deploys its First Response Bike Brigade to accompany customers in an…
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Allianz Malaysia Bhd has projected a weak growth for motor insurance this year in line with the slump in vehicle sales during the lockdown period. Chief executive officer Zakri Khir said Phase One of Movement Control under the National Recovery Plan for the whole of this month has had an adverse effect on the motor…
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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…
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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 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 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 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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