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Allianz Malaysia's general insurance arm looks at 10% growth

January 8, 2014 - 6:00am


The general insurance segment of Allianz Malaysia Bhd. is looking to grow its customer base by around 10% in 2014, The Malaysian Reserve reported.

Its subsidiary Allianz General Insurance Co. Bhd., which held a market share of around 12.3% till the third-quarter of 2013, may soon overtake Kurnia Insurans Bhd. which holds around 13.2% market share.

A report by Fitch Ratings Inc. on the industry's outlook for 2014 said "demand for insurance products is likely to continue to grow in the near-term."

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