VMY2020 to boost travel insurance segment

In particular, Tune Protect Group Bhd, whose bottom line is primarily driven by travel insurance, will likely be major beneficiary of the country’s year-long initiative, according to TA Research.(File pic)

PETALING JAYA: Despite the tough market conditions for general insurance players, the start of the Visit Malaysia Year 2020 (VMY2020) campaign is expected to provide a boost for the travel insurance segment.

In particular, Tune Protect Group Bhd, whose bottom line is primarily driven by travel insurance, will likely be major beneficiary of the country’s year-long initiative, according to TA Research.