Fire insurance review would not be overly detrimental to LPI

KUALA LUMPUR: A liberalisation of fire class insurance would not be overly detrimental to LPI Capital Bhd's portfolio as the review would not affect the non-housing policies in the group's business segment, says Kenanga research.

"[LPI] Management concurs that impact, if any, would be gradual. That being said, referred business from Public Bank would still support this segment’s GEP despite adverse market conditions," it added.

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