Allianz emerges as major risk insurance player after alliance

ALLIANZ General Insurance Malaysia Bhd has become one of the major industrial risk insurance players in Malaysia with a significant market share just two years into its strategic alliance with Germany’s Allianz AG, according to chief executive officer William Mei. 

He said the takeover of the operations of Allianz General Insurance (formerly known as Malaysia British Assurance Bhd) by Germany-based Allianz AG, a major player in industrial risk insurance business globally, had provided the local group with the capacity and experience to underwrite larger risk insurance within the industrial sector.