Category Archives: Corporate News

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  Allianz’s earnings increase in FY20 on higher gross written premiums

  Posted on February 25, 2021 by admin in Corporate News

  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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• Allianz Malaysia revamps process of selecting panel of motor repairers

  Posted on October 30, 2020 by admin in Corporate News

  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 keeps out of e-payments as rival acquires Boost

  Posted on July 3, 2020 by admin in Corporate News

  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 operating revenue up 10.4 per cent to RM1.48 billion for Q1

  Posted on June 17, 2020 by admin in Corporate News

  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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• Allianz Malaysia ramps up efforts to expand customer base

  Posted on April 26, 2017 by admin in Corporate News

  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 Road Rangers is here to help

  Posted on January 23, 2017 by admin in Corporate News

  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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• Allianz General risk management safeguards your business

  Posted on June 13, 2016 by admin in Corporate News

  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 General maintains its position as the market leader

  Posted on June 1, 2016 by admin in Corporate News

  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 focuses on True Customer Centricity

  Posted on May 23, 2016 by admin in Corporate News

  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 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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• 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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• Allianz welcomes competition

  Posted on September 15, 2014 by admin in Corporate News

  FOR Allianz Malaysia Bhd, one of the larger listed insurance players in the country, all eyes are on the liberalisation taking place in the motor insurance sector. Over the last four years, the Government has been gradually removing statutory tariffs for motor insurance policies, enabling insurers to set the price for insurance premiums. The Government’s […]

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