Etiqa to Double Profits by Next Year

Etiqa believes that the insurance industry will not be affected by the increase in oil and food prices as it is a necessity and it helps to mitigate inflationary pressures.

For FY06, Etiqa achieved gross premiums of RM3.5 bil and profit before tax of RM262.6 mil. Etiqa aims to double the profit latest by next year.

While bancassurance is one of the dominant channels adopted by Etiqa, it recognises the importance of agents. Etiqa has an agency force of 14,000.

Source: BizWeek