Takaful Malaysia group chief executive officer Nor Azman Zainal
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd
(Takaful Malaysia) is optimistic to grow its market share and achieve sustainable growth, according to group chief executive officer Nor Azman Zainal.
“We are optimistic about expanding our market share and undertaking our high-performance journey to achieve sustainable top and bottom-line growth.
“We expect our bancatakaful, treasury, employee benefits and general takaful businesses to continue to perform and generate business growth,” he said in a statement.
Nor Azman said the group’s success in bancatakaful business, with a solid foundation, stems from its bank partners' trust in their capacity to surpass expectations in pricing, service, and expertise.
He said Takaful Malaysia had attracted 16 banks to partner with the group.
“We work closely with our bank partners in penetrating the existing market segments and exploring new market segments for the sustainability and expansion of the business. With our bank partners’ strategic expansion plan and commitment to grow the retail market, we see greater business potential in advisory family takaful business.
“Our goal is to strengthen our presence in the retail market by providing Malaysians with greater access to comprehensive and affordable protection solutions, ranging from family to general takaful products,” Nor Azman said.
In the third quarter ended Sept 30, Takaful Malaysia’s profit after zakat and tax rose by 25% to RM91.1mil from RM72.9mil posted in the same quarter of the previous year.
It recorded takaful revenue of RM639.5mil, an increase of 27% compared to RM501.7mil posted in the corresponding quarter of the previous year.
In the first nine months, it posted a net profit of RM276.6mil on revenue of RM2.32bil.
