Allianz Malaysia looks mulls takaful business

Insurer Allianz Malaysia Berhad intends to enter the takaful business and will continue to be on the lookout for acquisition opportunities, The Star Online reported. The takaful penetration rate in the country is low, at an estimated 15%, when compared to the number of policies in the population, Zakri Khir, chief executive of Allianz Malaysia, said.
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