Allianz Malaysia Bhd recorded 13.1% growth in general insurance gross written premium in 2023, outpacing the overall local market’s 7.8% increase, according to CEO Sean Wang Wee Keong.
In addition, there was high demand for used cars, and this helped Allianz Malaysia post strong growth, he added. Meanwhile, Allianz Life Insurance Malaysia CEO Charles Ong Eng Chow said ALIM has recorded a 14.6% growth in its annualised new business, outperforming the industry. “With this partnership, ALIM is able to reach out to all segments of customers, as this section focuses more on long-term saving for retirement and legacy, while ALIM is particularly active and strong in premium and advanced markets,” said Ong.
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