Allianz aims for more share

Insurer to gain from tariff liberalisation

PETALING JAYA: Allianz Malaysia Bhd, which raked in a higher net profit in the first quarter of the year, aims to strengthen its life and general insurance businesses as the subsidiary of the German insurer gears up to increase its market share amid stiff competition in the insurance industry, say analysts.

Subject to unforeseeable events, the group’s premiums for its general and life businesses could outpace industry growth this year.