Tokio Marine poised to expand into other areas

FOLLOWING its recent acquisition of the insurance business of Amanah General Insurance Bhd (AGIB) for RM93.1mil, Japan-based Tokio Marine Insurans (M) Bhd (TMIM) is setting its sights on expanding its growth in a number of key business areas. 

The second largest marine insurer in the general insurance industry, TMIM appears better poised now to gain greater market share of not only multinational-related business, but also that of the local general sector through its activities in the development of agency and broking business, its chief executive officer K.C. Phang said in an interview to explain future business implications of the move.