Recommend Us | About Us | Back to Bernama.com

News | Financial Calculator | Home Financing | Archived News |

 

  Welcome to Bernama Banking & Finance Special Page     
 
RHB Insurance eyes RM5 mln in premiums in 12 months
Last update: 05/06/2018

Kong Shu Yin

KUALA LUMPUR, June 5 (Bernama) -- RHB Insurance Bhd, a†general insurance provider for retail and corporate customers, is targeting†premiums of RM5 million†from 10,000 policy holders†over†the next 12 months by leveraging on the launch of its RHB Insurance Mobile App.

Managing Director†Kong Shu Yin†said the group has†targeted†10 per cent of its total gross written premium to originate from the digital channel within†three to five years.

"RHB also aims†to be among the top five insurance providers in the market by 2022,"†he told reporters at the app launch today.

Kong said RHB Insurance is†currently†ranked the country's 10th largest insurer†with a 4.3 per cent market share of†gross direct premiums.

"We are among†the†top 10 insurers for fire and top five†insurers†for medical and health coverage.†

"For the fourth quarter ended Dec 31, 2017, the motor Insurance segment remained our†largest business contributor by delivering†33 per cent of total gross premiums,"†he said

Kong said the new mobile app†allows†users to purchase their motor insurance, access to a round-the-clock auto assistance service and renew their road tax.

"We are confident the RHB Insurance Mobile App will be a catalyst in transforming the way customers purchase and monitor their insurance as well as road tax renewal with just a single app.

"This is in line with our digital transformation programme which focuses†on delivering value-added interactions that will†empower our customers," he added.

-- BERNAMA

 <Back>

GST ends on AIBIM Bank services & products
RHB Islamic Bank CEO is new AIBIM President

 
Islamic Financial Institutions should adopt IIFM standards

Zero GST for life, general insurance and Takaful products
Takaful Malaysia converts composite licence to single licences

 
Taiwan's Shinkong Insurance company gets excellent ratings

CLOSING, MONDAY, JUNE 18
US 3.9960/9990
S'pore 2.9580/9611
100 Yen 3.6147/6177
Sterling 5.2935/2979
Euro 4.6342/6384
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
  Main | News | Insurance

© 2018 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy| Security Policy
This material may not be published, broadcast, rewritten or redistributed in any form except with the prior written permission of BERNAMA.
Best viewed in Firefox 8.0 & Internet Explorer 8.0 with 1024 x 768 resolution