Slower sales for motor insurance


Chief executive officer Zakri Khir (pic) said vehicle sales for June are expected to be bleak as car showrooms and vehicle production facilities stay closed under an extended phase one of the National Recovery Plan.

PETALING JAYA: Allianz Malaysia Bhd (AMB) is expecting weak growth for the motor insurance segment this year, due to the impact of the nationwide lockdown and global chip shortage on the automotive industry.

Chief executive officer Zakri Khir said vehicle sales for June are expected to be bleak as car showrooms and vehicle production facilities stay closed under an extended phase one of the National Recovery Plan.

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