Allianz sees more payment defaults in October when moratorium ends

Allianz Malaysia chief executive officer Zakri Khir Zakri Khir: "In any recession or economic downturn, this would be an issue because of cash flow. We anticipate that this would come more and more especially come October when the moratorium of loans is over and people have to pay their loans and their daily needs."

KUALA LUMPUR: Allianz Malaysia Bhd is anticipating more insurance payment default come October after the six-month loans moratorium period ended, its chief executive officer Zakri Khir said on Tuesday.

At present, the insurer does not experience much impact, he said.