KUALA LUMPUR: Generali Malaysia gained three awards on the Insurance coverage Asia Awards 2024 held at Marina Bay Sands Expo and Conference Centre in Singapore lately.
In an announcement, the insurance coverage firm stated it gained the Normal Insurer of the 12 months – Malaysia (Normal Insurance coverage); Micro, Small and Medium-sized (MSME) Insurance coverage Initiative of the 12 months – Malaysia (Normal Insurance coverage); and Insurance coverage Initiative of the 12 months – Malaysia (Life Insurance coverage) awards.
It stated the popularity got here after a yr marked by the launch of Generali Malaysia, after buying and merging MPI Generali Bhd with AXA Affin Normal and Life Insurance coverage in Malaysia.
“The combination has considerably boosted Generali Malaysia’s operational capabilities, touchpoints and efficiency, with the corporate recording RM2.06 billion in gross written premiums for the final insurance coverage section in 2023,” it stated.
Generali Malaysia stated the MSME Insurance coverage Initiative of the 12 months award recognised its efforts in enhancing the section’s resilience in opposition to local weather change and different dangers.
In partnership with the United Nations Growth Programme (UNDP), Generali Malaysia has launched initiatives such because the joint analysis report titled “Constructing MSME Resilience in Southeast Asia”, SME Loss Prevention Framework, a digital device providing recommendation to Malaysian SMEs on threat administration, Insurance coverage Innovation Problem Fund, which incentivises the event of revolutionary insurance coverage options for SMEsand Asia’s flagship SME EnterPRIZE venture.
In the meantime, the Insurance coverage Initiative of the 12 months award recognised its distinctive efforts to uphold its core mission and worth as a lifetime accomplice to prospects throughout its rebranding journey and complicated system integration.
In below 20 months, Generali Malaysia’s life enterprise achieved a significant milestone with its profitable migration of two new core life techniques and greater than 15 built-in peripheral techniques whereas revitalising its distribution channels, the place each company and bancassurance channels have demonstrated progress.
Generali Insurance coverage Malaysia Bhd CEO and nation head for Generali entities in Malaysia Fabrice Benard expressed his gratitude for these accolades, stating: “Our individuals, brokers, companions, prospects and communities have been the driving forces behind the whole lot we do at Generali Malaysia. We’re genuinely grateful for his or her belief and assist, and we are going to proceed to additional our Lifetime Companion dedication and pioneer extra revolutionary options to create a sustainable future.”
Generali Malaysia has been actively concerned in group engagement and sustainability efforts below The Human Security Web (THSN) international motion of individuals serving to individuals. The corporate led and hosted THSN’s first Pan Asia Summit in Malaysia, highlighting the pivotal function that Malaysia and Asia have performed because the motion’s inception in 2017.
Generali Malaysia additionally launched the Joyful Field Venture and Venture Makan Sihat in collaboration with Yayasan Generasi Gemilang to assist high-need households and youngsters affected by malnutrition in PPR Lembah Subang.
This yr, Generali Malaysia has continued to empower susceptible households by partnering with Suriana Welfare Society Malaysia to offer early childhood training to underserved kids in PPR Kg Muhibbah. The corporate has additionally organised the primary Generali Malaysia Run 2024, uniting over 12,000 runners to advertise higher well being whereas championing social causes near their hearts. – Bernama