Allianz Malaysia Bhd, despite failed merger with HSBC Amanah Takaful a year ago, is still keen to acquire a takaful business, said Allianz Malaysia chief executive officer Zakri Khir.
"We're still interested in the takaful business but there is nothing on the table, as yet," he told NSTP Business in an interview. He noted there is bright takaful business growth potential because the penetration rate in Malaysia is just 15 per cent. This ratio is comparatively low to the average 55 per cent of other type of policies. Zakri was speaking to reporters after Allianz Malaysia sealed a partnership with insuretech start-up PolicyStreet to offer potential clients to purchase insurance policies via online. Under this partnership, four Allianz digital products will be offered on PolicyStreet’s digital platform namely Enhanced Road Warrior, Smart Home Cover, Allianz Travel Care and Allianz Flight Care.