18.04.2013 - Etiqa aims to be insurance, Takaful market leader by 2015
Etiqa Insurance and Takaful Bhd, which has increased its gross written premium from RM2.8 billion in 2006 to RM5.4 billion this year, aims to be the market leader for insurance and takaful by 2015. Etiqa, the insurance and takaful arm of Malayan Banking Bhd (Maybank), said it is the number one takaful operator in Malaysia with a market share of 49.9 per cent in general takaful and 36.3 per cent in family takaful. "Etiqa registered an 11 per cent growth year-on-year in profit before tax, soaring to RM660.5 million as a result of improved surplus transfer from the life insurance and family takaful fund and favourable investment performance of all funds," it said in a statement...........................................Full Article: Source
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