Partnership between Allianz Malaysia and a local start-up

Allianz Malaysia, a subsidiary at 66.4% of the German giant, Allianz, concluded a partnership with a start-up called PolicyStreet. This agreement pertains to the online sale of four new insurance products: Enhanced Road Warrior, Smart Home Cover, Allianz Travel Care and Allianz Flight Care.

Policyholders, having underwritten policies via the website prior to April 30, 2018, are entitled to discounts up to 50%.

According to Zakri Khir, general manager of Allianz Malaysia, the company is intent on developing its Takaful insurance activity, a class of business exhibiting high-growth potential.

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