Insurance News
Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Monday, 22 June 2009
Lonpac sets targets
Some of the plans/targets set by Lonpac:- 15% gross premium growth in 2009
- Opening of new branches, at least 5 by 2010, currently 15 branches
- New branches: Klang & Tawau (2009); Johor, Sabah & Sarawak (2010)
- Strengthening agency force, grow by 20% to 1,600 in 2009
- Improve delivery system
- Maintain market share in Fire and Miscellaneous, contributions of these 2 classes to its business stand at 43.2% and 36.7% of gross premium
Lonpac has a CAR of 176%.
Source: Business Times
Labels: Business Targets, Lonpac, RBC
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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