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Topik: The Malaysian Reserve

Etiqa aims to be the insurance and takaful market leader by 2015

Source: The Malaysian Reserve, 18th October 2012

Etiqa Insurance and Takaful aims to be the insurance & takaful leader in written premiums by 2015, ahead of the current industry No 1, Great Eastern Life Assurance (M) Bhd (GE).

The insurance arm of the Maybank Group has undertaken a strategic exercise to strengthen its position in pursuit of leadership, expanding its distribution footprint and humanising its customer experience to contribute profitably to its shareholders.

“The plan has been active for roughly a year. I’m quite happy with the four pillars (of the strategy) and am confident of our foundations to be No 1,” Etiqa chief executive officer Hans De Cuyper told The Malaysian Reserve recently.

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Takaful Malaysia profit falls to RM21.2m

Source: The Malaysian Reserve, 30th August 2007

A combination of lower share income from General Takaful business and higher management expenses in fiscal year ended June 30 has held back Syarikat Takaful Malaysia Berhad (Takaful Malaysia) from posting a higher net profit for the period.

Despite a 12.8% jump in revenue to RM1.9 billion, it only managed to squeeze a RM21.2 million net profit, 36.5% lower than what it did in fiscal 2006 where the bottom line was RM33.6 million made from made from RM969.1 million sales.

In a filing to Bursa Malaysia yesterday, the Syariah-compliant insurance services provider said the company’s share of income from General Takaful business plunged by 44.07%, or RM38.01 million, from RM86.25 million in FY06 to RM48.24 million in the current year under review.

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