Author Archives: admin

• Allianz Malaysia Optimistic On Insurance Industry Outlook

  Posted on October 1, 2015 by admin in Corporate News

  Allianz Malaysia Bhd is optimistic on the insurance industry’s outlook this year given the country’s solid fundamentals, said its Chief Executive Officer Zakri Khir. However, Zakri noted that consumer sentiment has not been encouraging and foresees flat or rather lower growth than last year for the industry. “Consumers are cautious because there is too much […]

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• Allianz sees lower growth on challenging economy

  Posted on July 10, 2015 by admin in Corporate News

  Allianz Malaysia Bhd has revised its growth target for gross written premiums (GWP) to a high single digit from the double as set earlier for 2015. This is amid the current challenging economic climate, said chief executive officer Zakri Khir. In 2014, Allianz Malaysia’s two insurance subsidiaries, Allianz General Insurance Co (M) Bhd and Allianz […]

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• Allianz cautiously optimistic for 2015

  Posted on June 23, 2015 by admin in Corporate News

  Allianz Malaysia Bhd, which has recorded double-digit growth in gross written premiums (GWP) last year, is cautiously optimistic for the current year, despite a challenging market environment. “We grew by double digits last year. This year is going to be a challenging year, but we are still be able to grow,” Allianz Malaysia and Allianz […]

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• Agreed Value vs Market Value

  Posted on June 17, 2015 by admin in what is

  You may have  noticed in some of our quotation that the proposed sum insured are stated as Agreed Value.  While there are time it is based on Market Value.  So, what actually is the difference between Agreed Value and Market Value?  And which value should you insured your vehicle for? Our recommendation would be insuring […]

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• Insurer’s liability in third party claim

  Posted on May 5, 2015 by admin in General News

  IN Malaysia, it is mandatory under the Road Transport Act 1987 (“RTA”) for you to insure your vehicle against damage and/or third party risks. A third party insurance policy insures you against risks such as death and injury to a third party as well as damage to the third party’s property. This article will discuss […]

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• Car insurance to go up by 6%

  Posted on March 20, 2015 by admin in General News

  Car insurance is set to go up by 6% as insurance providers fall under the Goods and Services Tax (GST) come April 1. “Insurance will go up. But don’t listen to rumours that road tax will go up too. It will not,” said GST director Datuk Subromaniam Tholasy said yesterday. However, those renewing their road […]

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• New Motor Tariff from 23 Feb 2015

  Posted on February 16, 2015 by admin in Industry News

  Effective 23 February 2015, there will be an increased in the motor tariffs, thus expect to pay more premium if your insurance expired after 23 February 2015.  If you wish to save on the motor premium, you can renewed your car insurance before 23 February to enjoy the last year rate. While it is expected […]

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• RM5.04bil in 2014 Motor Insurance Claims

  Posted on February 10, 2015 by admin in Industry News

  According to General Insurance Association of Malaysia (PIAM), a total of RM5.04bil motors claims was paid out in 2014 as compensation for bodily injuries and property damages caused by road accidents as well as vehicle theft. This claim payout is an increase of 5.4% from 2013. “PIAM will continue to focus on inculcating road safety […]

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• Last Minutes Renewal Challenges

  Posted on November 27, 2014 by admin in Insurance tip

  Renewal of Motor Insurance and Road tax can now be easily performed via online.  It takes less than 10 minutes to complete as long as you have access to the internet.  Car Insurance can be renewed as early as two month before expiry date, but many a time, many people forget about their expiry date […]

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• Allianz General leads the way and achieves high profits

  Posted on November 24, 2014 by admin in Corporate News

  Allianz General Insurance Company (Malaysia) Berhad (“Allianz General”), the General insurance subsidy of the Group continues to lead the way as the leading conventional general insurer in the country with a market share of more than 12.5 percent. Allianz General recorded RM1.68 billion in GWP in the first nine months of 2014 while last year […]

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• Allianz Malaysia Targets 1billion Euros in 2015

  Posted on November 17, 2014 by admin in Corporate News

  Michael Diekmann, the group chief executive officer of Germany-based Allianz SE leans back on his seat with a look of assurance across his face when asked what he thinks its Malaysian arm, Allianz Malaysia Bhd, is capable of achieving next year. “Well, the promise is that by 2015, Allianz Malaysia can hit one billion euros […]

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• Malaysia General Insurance grows 6.4%

  Posted on November 7, 2014 by admin in General News

  The general insurance industry, which continues to face pertinent challenges, expects to chart a steady growth in premiums next year in line with the projected economic growth of 5% to 6% in 2015. General Insurance Association of Malaysia (PIAM) new chief executive officer Mark Lim Kian Wei said barring any unforeseen adverse impact or turnaround […]

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• Bike Warrior by Allianz General Insurance

  Posted on October 16, 2014 by admin in what is

  ‘Bike Warrior’ is a Personal Accident and Roadside Assistance product for those who own superbikes that are 250cc and above.  With just RM150 a year (including stamp duty), it has many benefits in terms of road side assistance, personal accident as well as other benefits. In terms of road side assistance, ‘Bike Warrior’ is a […]

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• Road tax and insurance not tally

  Posted on October 15, 2014 by admin in Insurance tip

  It is a common problem where your road tax expiring date and your insurance coverage date does not tally.  This usually happen when you purchase a used car.  When purchasing a used car, you will need to purchase a new car insurance, which will be minimum 1 year, but the used car’s road tax be […]

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• Special Perils Insurance to cover flash flood

  Posted on October 1, 2014 by admin in what is

  Thunder storms, heavy rain and low laying areas around Klang Valley frequently lead to flash flood and turns open car parks and basement into swimming pools. Despite the SMART tunnel, sudden heavy rain fall will quickly leads to river bank overflows, resulting in flash flood that comes and subside. It may come and go within […]

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