Takaful M’sia optimistically cautious

The majority of Takaful Malaysia’s operations are chugging along well, HLIB Research said.

PETALING JAYA: Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) is optimistically cautious on its performance, with the exception of the employee benefit (EB) and motor segments, which are running smoothly.

According to Hong Leong Investment Bank (HLIB) Research, Takaful Malaysia had to deliberately prune some of its unprofitable clients to protect margins for the EB segment in the first quarter of 2024 (1Q24).