According to Affin Hwang Capital, industry demand (for motor purchases and mortgages) is expected to remain weak while price competition and high claims ratio, especially in the motor segment, would weigh on insurance players.
PETALING JAYA: LPI Capital Bhd
achieved decent earnings in the first quarter ended March 31 but the coming quarters could be more challenging, with economic activities dampened by the Covid-19 pandemic.
According to Affin Hwang Capital, industry demand (for motor purchases and mortgages) is expected to remain weak while price competition and high claims ratio, especially in the motor segment, would weigh on insurance players.
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