Tough times ahead for insurance if nothing improves


Allianz Malaysia CEO Zakri Khir

WHILE it has been able to make some profit during the Covid-19 pandemic, growth has been impacted and insurer Allianz Malaysia Bhd is getting an ominous sense of things to come ahead.

The insurer, which has the biggest market share in the general insurance industry, is concerned that continued lockdowns which have impacted car sales will continue to weigh heavily on its outlook ahead.

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