FGIC Competitors

On 30th August 2022, Generali Group became the majority shareholder in AXA Affin General Insurance Berhad whilst AFFIN Bank remained as a minority shareholder. The acquisition has positioned Generali as one of the leading players in the Malaysian Insurance market. AXA Affin General Insurance and AXA AFFIN Life will continue to operate under their existing brands until the the single unifying brand “Generali Malaysia” is launched in early 2023. AXA Affin General Insurance Incorporated in Malaysia in 1975, AXA Affin General Insurance Berhad is one of the fastest growing general insurance companies in Malaysia and leader in medical and health insurance (Source: ISM). We offer comprehensive protection solutions to individuals and businesses in all areas of general insurance. We protect over 1.8 million customers and are supported by more than 800 employees in 23 offices with multi-distribution channels of over 5,000 agents, brokers, franchise and bank partners nationwide. AXA AFFIN Life Insurance Incorporated in February 2006, AXA AFFIN Life Insurance Berhad (AXA AFFIN Life) is a joint venture company between AFFIN Bank Berhad and AXA Group, a worldwide financial protection leader, which is headquartered in Paris. Leveraging on the Generali Groups experience as a Global Insurance and Asset Management provider, and AFFIN Bank’s local knowledge and diversified network, AXA AFFIN Life is focused on helping individuals manage risk and achieve their financial goals. AXA AFFIN Life will continuously strive to build close and lasting relationship with its customers, offering them care, support and advice with the highest standard of professional ethics.

AIA Bhd. 200701032867 (790895-D), AIA PUBLIC Takaful Bhd. 201101007816 (935955-M) and AIA General Berhad 201001040438 (924363-W) are members of Perbadanan Insurans Deposit Malaysia ("PIDM") AIA Malaysia offers a suite of financial solutions including Protection, Health, Personal Accident, Employee Benefits, General Insurance, Mortgage, Retirement and Family Takaful products to meet our customers’ protection and financial security needs at every life stage. Through our wide and diverse distribution footprint which comprises more than 17,000 strong Life Planner force, exclusive bank partner’s branches as well as corporate sales teams and brokers, we give our customers the choice of deciding how, when and where they connect with us. Part of the AIA Group, the largest independent publicly listed pan-Asian life insurance group, we have the financial strength, experience, service centre network and a well-trained team of more than 2,400 employees to serve our 5.2 million customers nationwide. We strive to make a significant and positive impact for our customers and communities, a commitment further reinforced by our Purpose to help millions of people understand and manage their health, wealth and long-term savings and protection needs, ultimately living Healthier, Longer, Better Lives.

For 117 years, we have been helping customers across generations by protecting, preserving and growing what matters to them. As One Great Eastern Group today, we are enabling the goals of over 15.5 million customers by taking care of their needs across life, health, wealth and general insurance, consistently innovating to help them #ReachforGreat!