KUCHING: Allianz Malaysia Bhd (AMB) announced its results for the first three months of 2015 with a total of RM1.05 billion was recorded in Gross Written Premium (GWP) in the first three months of 2015.
AMB CEO, Zakri Khir said, “Allianz Malaysia displayed generally good results in the first quarter of this year despite challenging market and economic conditions. However, in everything we do, customers are always at the core of the business. Alongside with our strong presence as well as reliable service delivery, we are confident that we will continuously provide the best results for our customers.”
Allianz General Insurance Company Bhd (Allianz General), recorded RM579.0 million in GWP in the first three months of 2015, which saw a marginal decrease of 0.3 per cent as compared to RM580.5 million last year due to weaker market sentiments.
“Allianz General continues its journey as the leading general insurance entity in Malaysia. The underlying fundamentals of our general insurance business are on track and this reinforces the fact that our customers highly value our reliability and security that we can offer. Our strong supporting pillars are our five different distribution channels that provide and answer to the needs of what really matters to our customers,” said Zakri, who is also CEO of Allianz General.
The Group’s Life insurance subsidiary; Allianz Life Insurance Malaysia Berhad (Allianz Life) showed a 8.3 per cent increase in GWP to RM466.3 million in the first three months of 2015 from RM430.6 million last year. New Business Premiums (ANP) also grew to RM78.7 million in the first three months of this year as compared to RM76.9 million last year.
Allianz Life is currently one of the top five players in the industry with a market share of 7.6 per cent.
“Although we are impacted by the current market and economic conditions, our life insurance business is still growing and we want to continue this upward trend.
“We believe that we are providing innovative and right solutions to our customers and hope to make a positive difference through our product and service offerings to our customers,” said Rangam Bir, CEO of Allianz Life.
“We at Allianz are committed to live by our tagline to be with our customers from A-Z. It is vital not only to find the right solution for our customers, but to also provide them with excellent service, “said Zakri.
The company leverages on its more than 16,000 strong agency force as well as other distribution channels such as franchise, bancassurrance, brokers and telemarketing to reach out to all communities in Malaysia in driving its activities, especially in providing results for customers.
“Listening to our customers is one of the key factors in providing the best service to them. We believe that through strong and varied distribution channels, we will be able to reach out many people. We also appreciate the support given to us by our customers and want them to have the best experience with Allianz in their moments of need.
“We are very confident that we are able to weather through the downward cycle of the economy and provide continuous results for customers,” concluded Zakri.