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KUALA LUMPUR: The general insurance industry is set to witness challenges ahead after recording a 1.4 per cent drop in gross direct premiums to RM8.915 billion in the first half of 2019 (1H19).
KUALA LUMPUR: Motor continued to drive the local general insurance sector, which recorded a 1.5% growth, underpinned by the jump in car sales during the tax-free period from June to August.
Astro’s five-year targets were disclosed in its recent Investor & Analyst Day. The company is planning for revenue growth from RM5.6bil in financial year 2017 (FY17) to RM8.8bil in FY22 through stronger advertising expenditure (adex) and new growth initiatives such as Go Shop, Tribe, etc.
ELECTRONIC Commerce Technology Sdn Bhd, the manager of consumer benefits programme I>RealRewards/I>, has signed an agreement with American International Assurance Co Ltd (AIA) and American Home Assurance Company Malaysia (AHA) to provide a RM12bil group insurance protection plan for its I>VIP/Iand I>VVIP/Icard members.