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Article: Allianz optimistic of growth prospects in H2
- Article from:
- New Straits Times
- Article date:
- September 8, 2009
- Author:
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Jeeva Arulampalam
New Straits Times
09-08-2009
Allianz optimistic of growth prospects in H2
Byline: Jeeva Arulampalam
Edition: Main/Lifestyle
Section: Business Times
Type: Company
ALLIANZ Malaysia Bhd (AMB) is optimistic about its prospect in the second half of the year as the country's economic decline slows down and the insurance industry remains resilient.
"Irrespective of how the market behaves, we will benefit from the natural growth of the industry and with the cannibalisation of business we will take away from our competitors," AMB chief executive officer Alexander Ankel told Business Times in an interview recently.
AMB saw gross written premium (GWP) increase 19 per cent to RM994.3 ...