CIMB Aviva pulls out of most general insurance business lines

CIMB Aviva Takaful Bhd is pulling out of all motor and commercial lines business and will focus on personal accident and retail fire only, the 2 lines of business that have higher profit margin. For existing policies, the coverage will be provided until end of the contract period and presumably it will not be renewed thereafter.

The company also offers VSS and 200 out of 550 employees have accepted the offer.

Source: Business Times