ALLIANZ MALAYSIA BHD

KLSE (MYR): ALLIANZ (1163)

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Last Price

21.00

Today's Change

+0.04 (0.19%)

Day's Change

20.86 - 21.00

Trading Volume

7,400


7 people like this.

1,407 comment(s). Last comment by wsb_investor 6 days ago

moven00

704 posts

Posted by moven00 > 1 week ago | Report Abuse

Lagi Sekali ✅👏🏻….

Posted by wsb_investor > 1 week ago | Report Abuse

The 25% is only cost of insurance, over paid claims. Not including any expenses. Any previous IFRS4 / IFRS17 profit margin is not meaningful.

observatory

1,017 posts

Posted by observatory > 1 week ago | Report Abuse

That means for an expected claim of RM100, premium is capped at RM125. The remaining RM25 (at max) needs to pay off commissions and management fees. Then not much will be left!

In comparison, the general insurance at least offers Allianz a combined ratio of 86%, i.e. underwriting margin is 14%.

Posted by wsb_investor > 1 week ago | Report Abuse

No, there are other loading for commission and expense. Usually commission is fine, since you will incur as you sold, not much variance there, except for outperformance related. Expenses then a different story. Your expense loading might (and usually) insufficient to meet actual expenses. And the 25% margin for medical, is just expected. Medical service will rise by inflation, rapidly. It might be 25% now, then erode to 15% by year end.

observatory

1,017 posts

Posted by observatory > 1 week ago | Report Abuse

Given such challenge, and BNM's caution in approving premium increase, is medical and health insurance a good business relative to other types of insurance? If not, why do insurers still offer such policies instead of freeing up their capital for other types of insurance business?

troy88

2,545 posts

Posted by troy88 > 6 days ago | Report Abuse

Allianz will move up to RM30 eventually to join the likes of F&N, Dlady, etc in the RM30+ category..

Posted by wsb_investor > 6 days ago | Report Abuse

Essentially, for protection business, insurers will earn a x% of total claims payment. And for Malaysia, medical claims are a lot higher than life claims.

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