Allianz Malaysia Berhad has reported a robust start to 2026, with a 6.7% increase in total business volume, reaching RM1.63b in the first quarter. This growth was fuelled by both the general and life insurance segments, as Gross Written Premiums surged 13.7% to RM2.29b. The company’s operating profit remained stable at RM284.2m despite challenging market conditions.
The Motor, Bancassurance, and Employee Benefits sectors were key contributors to this growth, although all segments showed positive performance. Sean Wang, CEO of Allianz Malaysia, highlighted the company’s commitment to customer-centricity and technical excellence, stating, “We expect to see this momentum continue into the rest of the year, supported by our ability to navigate a dynamic environment whilst delivering sustainable results.”
Allianz General Insurance Company (Malaysia) Berhad, a subsidiary, recorded a business volume of RM918.3m, marking a 6.5% increase from the previous year, primarily driven by the Motor business. However, operating profit for Allianz General decreased by 4.2% to RM154.2m due to higher insurance service expenses.
Allianz Life Insurance Malaysia Berhad, another subsidiary, reported a 23.2% increase in Annualised New Premiums to RM263.1m, with new business value rising 28.9% to RM124.1m. CEO Giulio Slavich noted the company’s focus on innovation and technology to enhance customer-focused solutions.
As Allianz Malaysia celebrates its 25th anniversary, the company remains committed to providing innovative solutions and maintaining its position as a trusted partner for Malaysians.
