Etiqa
Etiqa is the leading insurance and takaful business in ASEAN. It is part of the Malaysian banking group, Maybank. It offers life and general insurance as well as family and general takaful products through its 10,000 agents, 46 branches, 17 offices and over 490 bancassurance network (via branches, cooperatives, brokers and online platforms) across Malaysia, Singapore, Indonesia, Philippines and Cambodia. Etiqa is also the leading digital insurance/Takaful player in Malaysia with over 60% market share of online premium/contribution in the past three consecutive years[1] as well as a leading digital insurance player in Singapore.
 Logo used from 2018 | |
| Type | Private limited company |
|---|---|
| Industry | Insurance |
| Founded | 2005 |
| Headquarters | Dataran Maybank , Jalan Maarof, Kuala Lumpur Malaysia |
Key people |
|
| Products | Life insurance |
| Revenue | RM2.19 billion (2019) |
| RM0.22 billion (2019) | |
| Total assets | RM11.99 billion (2019) |
| Total equity | RM1.63 billion (2019) |
| Parent | Maybank Ageas Holdings Berhad
|
| Website | www.etiqa.com.my |
.png.webp) | |
| Type | Private limited company |
|---|---|
| Industry | Insurance |
| Founded | 2005 |
| Headquarters | Dataran Maybank , Jalan Maarof, Kuala Lumpur Malaysia |
Key people |
|
| Products | General insurance |
| Revenue | RM1.36 billion (2019) |
| RM0.77 billion (2019) | |
| Total assets | RM5.21 billion (2019) |
| Total equity | RM1.06 billion (2019) |
| Parent | Maybank Ageas Holdings Berhad
|
| Website | www.etiqa.com.my |
.png.webp) | |
| Type | Private limited company |
|---|---|
| Industry | Takaful |
| Founded | 2005 |
| Headquarters | Dataran Maybank , Jalan Maarof, Kuala Lumpur Malaysia |
Key people |
|
| Products |
|
| Revenue | RM2.26 billion (2019) |
| RM0.20 billion (2019) | |
| Total assets | RM14.27 billion (2019) |
| Total equity | RM1.79 billion (2019) |
| Parent | Maybank Ageas Holdings Berhad
|
| Website | www.etiqa.com.my |
.png.webp) The official logo for Etiqa General Takaful Berhad Logo used from 2018 | |
| Type | Private limited company |
|---|---|
| Industry | Takaful |
| Founded | 2005 |
| Headquarters | Dataran Maybank , Jalan Maarof, Kuala Lumpur Malaysia |
Key people |
|
| Products |
|
| Revenue | RM1.42 billion (2019) |
| RM0.15 billion (2019) | |
| Total assets | RM3.29 billion (2019) |
| Total equity | RM1.03 billion (2019) |
| Parent | Maybank Ageas Holdings Berhad
|
| Website | www.etiqa.com.my |
Etiqa business comprises four operating entities in Malaysia, namely, Etiqa General Insurance Berhad, Etiqa Life Insurance Berhad, Etiqa General Takaful Berhad and Etiqa General Takaful Berhad[2] and also operating entities in Singapore, Indonesia, the Philippines and Cambodia.
- Etiqa traces its root back to 2005 when Maybank Ageas (formerly known as Mayban Ageas), Mayban General Assurance, MaybanLife Assurance and Mayban Takaful merged with Malaysia National Insurance Berhad (MNI) and Takaful Nasional Sdn. Bhd.
- In 2007, the Etiqa name was launched
- In 2009, Etiqa Insurance Berhad opened its first branch in Singapore
- In 2014, Etiqa Insurance PTE LTD Singapore (EIPL) expanded its core business from general insurance to life insurance
- In 2014 too, Etiqa acquired shares in Asian Life and General Assurance in the Philippines (ALGA) which it has since renames Etiqa Life and General Assurance Philippines (ELGAP) in 2016
- In 2017, Etiqa acquired the majority stake in PT Asuransi Asoka Mas (Asoka) which it has since renamed PT Asuransi Etiqa Internasional Indonesia (EII) in 2020
- In 2018, in support of Bank Negara Malaysia's Islamic Financial Services Act 2013 and to better serve the stakeholders, Etiqa Malaysia became four main operating entities i.e. Etiqa General Insurance Berhad, Etiqa Life Insurance Berhad, Etiqa General Takaful Berhad and Etiqa Family Takaful Berhad
- In 2020, Etiqa began its operations in Cambodia under Etiqa General Insurance Cambodia and Etiqa Life Insurance Cambodia
References
- Malaysia, Agenda. "Annual Reports | Maybank". Maybank Malaysia. Retrieved 2020-12-11.
- "Maybank's Etiqa split into four separate companies". The Edge Markets. 2018-01-10. Retrieved 2020-12-14.
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