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…
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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’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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Historically, the selection of panel repairers by insurers in Malaysia has been an opaque process. This led Allianz Malaysia Berhad (Allianz Malaysia) to take a more transparent and effective approach in picking its automobile repair service partners. In August, the company departed from the common practice by being the first insurer to hold an open…
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ALLIANZ Malaysia Bhd (AMB) has no plans to enter the e-payments sector but instead will remain aggressive in securing insurtech partnerships. “The answer is no, we have no plans currently in place,” Allianz Life Insurance Malaysia Bhd chief executive officer (CEO) Joseph Gross said at a press conference today. Allianz Life Insurance Malaysia is a wholly…
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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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While tough economic conditions have taken their toll on businesses, insurer Allianz Malaysia Bhd is adopting unconventional ways to cultivate sales. Allianz Malaysia, part of Germany’s Allianz Group, acknowledges the challenges brought by the current slowdown. Insurance products are considered to be less of a priority. In an email reply, Allianz Malaysia chief executive officer…
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Allianz General Insurance Company (Malaysia) Berhad officially launched its’ Allianz Road Rangers today. The Allianz Road Rangers is part of the Company’s motor claims transformation journey that aims to truly put its customers first. The new journey features seven touch points including a new 24-Hours Accident Call Centre, the Allianz Road Rangers fleet and Claims…
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In the ever-changing global business landscape, risk management has become a vital part of any organisation’s business strategy in assisting to identify potential risks to its business. Risk Management, in all of its form is essentially the process of identification, assessment and prioritisation of risks. This is then ensued by the process of minimising, monitoring…
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Allianz Malaysia Berhad (AMB) Group announced its results for the first three months of 2016 as it continues to provide simply the best value for customers. A total of RM1.07 billion was recorded in Group’s Gross Written Premiums (GWP) from January to March this year as compared to RM1.05 billion last year; a 2.6 percent…
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Allianz Malaysia is zeroing in on customers nationwide with it’s all-encompassing True Customer Centricity (TCC) service model which aspires to offer customers service that is Fast, Easy, Reliable… Delivered from the Heart. The fast-moving, fast-growing digital world has changed the landscape of customer service globally. Advances in technology and communication have given rise to the digitally…
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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 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 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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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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