Berjaya Sompo Insurance Bhd chief executive officer Tan Sek Kee
KUALA LUMPUR: Berjaya Sompo Insurance Bhd has achieved RM1bil in gross written premium (GWP) for the financial year 2022.
“Reaching RM1bil in GWP demonstrates Berjaya Sompo’s commitment to our customers and their evolving needs. We remain focused on driving innovation, leveraging technology, and continuously improving our processes to deliver the best possible insurance solutions,” chief executive officer Tan Sek Yee said in a statement.
The genera insurance provider attributed the RM1bil in GWP accomplishment to a range of strategic initiatives driven by innovation, customer-centricity, and continuous improvement that has propelled its growth and strengthened its position in the insurance market.
It said two key drivers of this success are introducing market-relevant products and adopting digital processes for customer’s convenience.
Launching innovative products such as SOMPO MotorSafe, SOMPO TravelSafe, and SOMPO Motorcycle has been instrumental in expanding Berjaya Sompo’s customer base and capturing new market segments. These products offer comprehensive coverage and unique benefits tailored to the evolving needs of consumers.
Berjaya Sompo has also launched the MySOMPO mobile application (app) to provides a user-friendly platform for policyholders to request assistance in case of a vehicle breakdown or accident and submit claims.
MySOMPO achieved close to 4,700 downloads to-date since its launch on March 20, 2023.
“Looking ahead, Berjaya Sompo remains committed to delivering exceptional customer experiences and pursuing sustainable business practices. The company recognises the growing importance of sustainability. Hence, it embraces the environmental, social, and governance (ESG) aspects by supporting the global drive and implementation of a more sustainable economy by enhancing the company’s ESG scope and activities, not just limited to climate-related but extended to social and governance,” Berjaya Sompo said.
“On the business front, the company is offering EV coverage with several partners. With its bancassurance partner, CIMB Bank, Berjaya Sompo offers the first-in-market complimentary EV coverage with Secure Motor, available for both new and used EVs (up to eight years old). A similar package has also been extended to Mazda EV car owners,” it added
