Syarikat Takaful Malaysia Keluarga Bhd group chief executive officer Nor Azman Zainal
PETALING JAYA: Syarikat Takaful Malaysia Keluarga Bhd
(STMKB) is optimistic about expanding its market share and undertaking its high-performance journey to achieve sustainable top and bottom line growth.
Group Chief executive officer Nor Azman Zainal said the company aims to strengthen its presence in the retail market through improved accessibility and cost-effective protection products.
The Islamic insurer believes that by maintaining market leadership in its credit-related products, employee benefits and treasury will continue to perform and generate business growth.
Nor Azman said STMKB will simultaneously leverage upon healthy growth with its bank partners to sustain its market leadership in the bancatakaful business portfolio.
This will be done by putting a special emphasis on growing the advisory family takaful business and further accessing the retail consumer market, he added.
In its 2022 annual report, STMKB said the bancatakaful business was a major contributor of its double-digit growth last year, together with robust demand for its credit-related segments, leading to about 15% contribution towards its overall revenue.
The group aims to strengthen its corporate agency force, build an online motor customer base and penetrate other segments to grow its general takaful business.
“Our general takaful arm will continue to be an imperative growth area, reinforced by our multi-distribution strategy and a robustly growing demand for online motor takaful products,” Nor Azman said.
On it expansion plans in Indonesia, STMKB is taking a cautious approach as it expects to continue to experience challenges due to various underlying factors.
