General insurer Kurnia Insurans (Malaysia) (5097)
Bhd aims to see equal contributions between its motor and non-motor
business in a couple of years.
Its managing director and chief executive director
Captain KH Chia said the country's largest motor insurer aspires
to have a balanced portfolio in "one to two years".
The beefing up of non-motor business is part of
Kurnia's re-organisation that will see motor contribution falling
from about 80 per cent of the group's revenue currently.
Kurnia, has an overall market share of over 20
per cent in the motor insurance industry.
It recorded a net loss of RM301.78 million for
the financial year ended June 30 2008, mainly due to an increase
in its technical reserves and a reduction in total investment income.
Yesterday, Kurnia re-launched its enhanced Kurnia
Auto Assist (KAA) service based on the deployment of 'KAA Riders'
on motorcyles in the Klang Valley.
The riders will arrive at the breakdown scene
within 30 minu-tes to carry out repairs if possible.
The KAA Riders is a pilot project servicing the
Klang Valley and will be introduced to other larger towns next
Kurnia also re-launched its enhanced Kurnia Express,
the five-year-old claims service.
The service enables comprehensive motor policyholders
to immediately settle their claims, either by cheque or the direct
deposit of cheque for own damage claims, amounting to RM3,000.