Motor insurer Kurnia Insurans (Malaysia) Bhd (KIMB) achieved a 23 per cent growth in its non-motor business for the first six months of 2010.

Its executive chairman, Tan Sri Kua Sian Kooi, said that the non-motor business was growing according to the set target, which was to achieve 30 per cent of overall gross premiums by 2012.

The non-motor underwriting profit totalled RM24 million for the reviewed period.

The company launched three non-motor products in the first half of this year namely Perfect 10 Plus, Pet Insurance and Student Personal Accident insurance.

It plans to launch another three new products, including medical and personal accident insurance in the second half of this year.

KIMB is also deploying various distribution channels to grow its non-motor business.

'We are developing our 2,000 non-motor agency force and are on track to recruit another 200 by the end of 2010,' Kua said.

Meanwhile, KIMB's parent company, Kurnia Asia Bhd posted a lower pre-tax profit of RM5.97 million in its second financial quarter ended June 30, 2010, compared to RM24.57 million in the same period last year.

The group's revenue, however, rose to RM289.47 million from RM264.65 million previously.--Bernama