Allianz Malaysia (AMB) Group has announced its results for the first three months of 2018 with a total RM1.16 billion recorded in the Group’s Gross Written Premiums (GWP) from January to March this year, as compared to RM1.12 billion last year, signalling a 3.7% increase.
The group’s total assets grew 9.3% to RM16.81 billion in the first three months of 2018 as compared to RM15.38 billion last year, while profit before tax increased by 17.4% to RM127.6 million in the first three months of 2018 as compared to RM108.7 million in the first three months of 2017.
Zakri Khir, who is also the CEO of Allianz General said the group will be continuing in its pursuit to be service-oriented and digital-centric. The group has also been investing in various digital initiatives through partnerships with the Fintech Association of Malaysia to offer Group Personal Accident coverage to FinTech start-ups as well as PolicyStreet, an online curated platform offering affordable insurance solutions in expanding its digital footprint in the evolving marketplace.
“When you buy an Allianz policy, it comes with a service. Since its launch in the Klang Valley last year, the Allianz Road Rangers has been our flagship for added value service. A year on, the service now reaches customers nationwide and includes both accidents and roadside assistance, providing our customers with access to the 24-hours Accident Call Center, the Allianz Road Rangers fleet and speedy Allianz Motor ODX Claims process anywhere in Malaysia,” he added.
“Our focus for the next nine months will be to continuously put customers first and deliver the highest of standards in products and services as we want the Allianz brand to be top of mind when it comes to protection for all needs, from A to Z.”
Allianz General Insurance Company (Malaysia)’s (Allianz General) GWP took in RM585.7 million in the first quarter of 2018, a 4.4% increase from RM561.0 million in 2017. Underwriting Profit was at RM44.8 million from January to March of 2018, a 34.9% increase from RM33.2 million in 2017 while Profit Before Tax increased by 20.1% to RM88.3 million in the first three months of 2018 as compared to RM73.5 million the previous year.