Allianz Malaysia’s CEO confident that insurer can absorb costs associated with COVID-19

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The chief executive officer of Allianz in Malaysia said that he is confident in the insurer’s ability to handle the pressure from claims and costs associated with the impact of the COVID-19 pandemic.

Zakri Khir, CEO of Allianz General Insurance Company (Malaysia), told the New Straits Times in Kuala Lumpur that the firm is “well-capitalised” to absorb the costs connected to the pandemic and will continue to focus on improving agent capability, enhancing its product offerings, and simplifying business processes throughout the year.

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