Recommend Us | About Us | Back to

News | Financial Calculator | Home Financing | Archived News |


  Welcome to Bernama Banking & Finance Special Page     
Etiqa to expand into more ASEAN markets
Last update: 15/08/2018

KUALA LUMPUR, Aug 15 (Bernama) -- Etiqa will enhance its takaful and insurance brand by expanding into more ASEAN markets by next year.

Etiqa Insurance and Takaful Group Chief Executive Officer Kamaludin Ahmad said a number of countries were under consideration, but no decision had been made.

“We are considering (several markets) and typically, the process will take a while. We also need to obtain regulatory approval. 

“For now, I cannot name the countries yet,” he told Bernama in conjunction with Etiqa’s 10th anniversary.

Kamaludin said the group aimed to become a significant  insurance player in the ASEAN region and planned to strengthen its position as the leading insurance player in the markets it operated in.

Currently, Etiqa is present in Singapore, the Philippines and Indonesia. It offers general insurance in Indonesia, and both life and general insurance in the Philippines.

Kamaludin said the group entered the Singaporean life insurance market following the incorporation of Etiqa Insurance Ptd Ltd (Etiqa Singapore).

“Etiqa Singapore became the first insurer to offer an online direct purchase of life insurance in the republic,” he added.

Meanwhile, the group continues to seek higher growth this year in the face of challenging market conditions.

“As Malaysia’s largest local insurer, Etiqa has grown by leaps and bounds in the past decade and in 2017, we registered a profit before tax which surpassed RM1 billion.  

“With more than RM30 billion in assets to date, our customer base has grown year-to-year and showed a strong track record of continuous growth within the insurance industry,” Kamaludin said.

Currently, Etiqa, offers 47 retail insurance products and 46 retail takaful products.

In conjunction with its 10th anniversary, Etiqa will host a fun fest comprising a free concert, a five-kilometre Fun Run and carnival at Setia City Park, Setia Alam this Saturday (Aug 18).

The concert will feature top Malaysian artistes such as Datuk Zainal Abidin, Datuk Afdlin Shauki, Altimet and Chelsia Ng, while the Fun Run has been designed for families including interactive “selfie” pit stops to make the run even more memorable.  

“The Etiqa Fun Fest is our way of saying thank you to all our loyal partners and customers who have given us their continuous support over the years.

“All proceeds collected from the Fun Run will go towards charity,” said Kamaludin.




Malaysia remains global leader in Islamic capital market
Malaysia mulls integrating halal industry, Islamic trade finance

Alliance Islamic Bank aims to maintain double-digit growth

Allianz new motorcycle plus covers both motorcycle & rider
Anusha re-elected LIAM president for second consecutive term

More than RM300 million worth of unclaimed insurance benefits - BNM

100 Yen3.6898/6949
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 Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
Not Sure
  Main | News | Insurance

© 2019 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