Lonpac Insurance Bhd (Lonpac), a wholly owned subsidiary of LPI Capital Bhd, was incorporated in Malaysia on 12 July 1994. It commenced underwriting of general insurance business after a rationalisation scheme on 1 May 1999. The paid-up capital of the Company is RM200,000,000 comprising of 200,000,000 ordinary shares of RM1.00 each. The Company operates through 21 branches in Malaysia and a foreign branch in Singapore to serve the clients better. In September 2005, the Malaysian Rating Corporation Berhad (MARC) has reaffirmed the general insurance strength rating of Lonpac at "AA", reconfirming its financial stability and reliability in the insurance industry. In September 2017, the A.M. Best Company, Inc. has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" of Lonpac. The rating affirmations reflect Lonpac's strong risk-adjusted capitalisation and very strong track record of operating performance. Lonpac's risk-adjusted capitalisation is supported by a consistent and strong internal capital generation ability that has kept its underwriting leverage low. Lonpac generates one of the highest underwriting margin in Malaysia's non-life market, and its performance has been very strong compared with its peers based on variety of measures.
View Top Employees from LONPAC INSURANCE BHDWebsite | https://www.lonpac.com/web/my/homepage |
Ticker | LPI |
Revenue | $364 million |
Employees | 296 (167 on RocketReach) |
Founded | 1962 |
Address | Bangunan Public Bank Lg 6th 7th 21st to 26th Fl, Kuala Lumpur, Kuala Lumpur 50000, MY |
Phone | +60 3-2262 8688 |
Fax | +60 3-2715 1332 |
Technologies |
JavaScript,
HTML,
Twitter
+27 more
(view full list)
|
Industry | Insurance, General Insurance, Personal Insurance, Business Insurance, Fire Insurance, Health Insurance, Motor Insurance, Marine Insurance, Personal Accident Insurance, Liability Insurance, Trade Credit Insurance |
Web Rank | 1 Million |
Keywords | General Insurance, Financial Strength, Insurance Services, Underwriter |
SIC | SIC Code 641 Companies, SIC Code 64 Companies |
NAICS | NAICS Code 5242 Companies, NAICS Code 52 Companies, NAICS Code 524 Companies, NAICS Code 524210 Companies, NAICS Code 52421 Companies |
Looking for a particular LONPAC INSURANCE BHD employee's phone or email?
The LONPAC INSURANCE BHD annual revenue was $364 million in 2024.
Chris Heng is the Head of IT Security of LONPAC INSURANCE BHD.
167 people are employed at LONPAC INSURANCE BHD.
LONPAC INSURANCE BHD is based in Kuala Lumpur, Kuala Lumpur.
The NAICS codes for LONPAC INSURANCE BHD are [5242, 52, 524, 524210, 52421].
The SIC codes for LONPAC INSURANCE BHD are [641, 64].