Latest news with #AllianzMalaysia
The Star
6 days ago
- Automotive
- The Star
Allianz and p-hailing platforms unite for rider safety
(Second from left) Grab Malaysia country operations and mobility director Rashid Shukor, Road Safety Expert Association founder Jamil Manan Supri, Allianz Malaysia chief executive officer Sean Wang, (fourth from right) Lalamove Malaysia public affairs manager Abhishek Menon, foodpanda Malaysia operations director Shubham Saran and Hamzah, together with riders from each p-hailing company, at the launch of Allianz Malaysia's safety training programme. ONE of Malaysia's leading protection solutions company – Allianz Malaysia Berhad (Allianz Malaysia), has partnered with the Malaysian Institute of Road Safety Research (MIROS) and leading p-hailing platforms – foodpanda Malaysia, Lalamove Malaysia and Grab Malaysia – to emphasise the importance of rider safety in Malaysia's rapidly expanding industry. The initiative underscores the shared responsibility of all stakeholders, including government agencies, corporations, p-hailing riders and the public, to protect and support the well-being of these gig workers. Industry stakeholders convened at the recent Allianz Malaysia Media Forum 2025, to explore collaborative strategies for a safer delivery ecosystem. The forum featured a panel discussion with representatives from the p-hailing platforms, exchanging valuable insights on the current challenges in the p-hailing sector and discussing collective efforts to enhance rider safety. The forum also highlighted the crucial role of p-hailing riders in society, who serve as the backbone of the country's growing delivery economy, ensuring seamless access to everyday needs while helping small businesses expand their reach. Many riders are the sole breadwinners for their families, bravely facing daily road risks to support their loved ones. MIROS Human Factors and Road User Behavioural Centre director Azhar Hamzah revealed that nearly 70% of road fatalities involve motorcyclists, with over 4,000 deaths in 2023/24 – equating to 12 deaths daily. For every fatality, there may be around 50 injuries, many leading to permanent disabilities, imposing a substantial economic and social burden on families. Hamzah emphasised that the mission of MIROS is to ensure safe roads for all. 'Through our research, we aim to uncover the risks and challenges faced by road users and identify potential solutions to enhance rider safety and support their families' livelihoods. 'Together, we can transform insights into impactful actions.' Riders face adverse conditions such as rain, haze and prolonged heat exposure. The inherent instability of two-wheeled motorcycles, combined with the lack of physical protection, makes riders' extremities – fingers, elbows, knees, and head – highly vulnerable. Additionally, the practice of 'lane filtering' and sharing roads with larger vehicles often puts riders in precarious positions, frequently in other drivers' blind spots. Recognising their contribution, p-hailing platforms have implemented various safety initiatives. These include onboarding programmes for defensive driving, insurance coverage even when not on duty, in-app safety features with 24/7 support and telematics systems to monitor rider behaviour and map accident hotspots. Allianz Malaysia chief executive officer Sean Wang said, 'We believe that rider safety is a shared duty. 'We are committed to providing insurance solutions and actively contributing to community well-being. 'Our efforts extend beyond profit as we strive to support initiatives that enhance safety for all road users,' he added. Aligned with its commitment, Allianz Malaysia plans to organise two training programmes in a strategic partnership with the Road Safety Marshal Club to improve rider safety. The first programme will focus on rider safety training and road emergency survival, complementing the existing efforts of p-hailing companies, equipping riders with essential skills to navigate roads safely. The second programme will target students from public and private universities, fostering a culture of safety awareness among the younger generation. Wang further commented, 'This collaboration is a testament to our dedication to safeguarding road users and improving road safety knowledge. 'By empowering riders and educating students, we hope to create a safer environment for everyone on the road.'
Barnama
22-07-2025
- Automotive
- Barnama
Allianz Malaysia Forum Calls For Enhanced Safety Measures For P-Hailing Workers
KUALA LUMPUR, July 22 (Bernama) -- Allianz Malaysia Berhad today hosted a media forum to address the challenges faced by p-hailing workers and explore ways to further improve their safety. Allianz Malaysia chief executive officer Sean Wang said the initiative was taken because the contributions, sacrifices, and safety of this group have not received sufficient attention from various stakeholders. 'That is why Allianz Malaysia is committed to forging strategic collaborations with the Malaysian Institute of Road Safety Research (MIROS) and major p-hailing platforms to address the challenges faced by p-hailing workers. 'Last year, according to the national road fatality index, motorcyclists accounted for 67.5 per cent of deaths. It's time we took additional steps to change these statistics,' he said in his speech at the 2025 Allianz Malaysia Forum here. The forum was also attended by MIROS Human Factors and Road User Behavioural Centre (HUB) director Azhar Hamzah, Foodpanda Malaysia's operations director Shubham Saran, Grab Malaysia's country operations and mobility director Rashid Shukor, and Lalamove Malaysia's public affairs manager Abhishek Menon. Wang said Allianz Malaysia is not only committed to providing insurance solutions but is also actively contributing to the community's well-being beyond profit. He said two training programmes have been organised in collaboration with the Road Safety Marshal Club to provide exposure, enhance skills and knowledge to improve the safety of p-hailing workers. 'The first programme focused on rider safety and survival during road emergencies, conducted in collaboration with p-hailing companies. The second was tailored for public and private university students to foster a culture of safety awareness among the younger generation,' he said. Meanwhile, Azhar said that out of 600,000 road accidents recorded last year, 70,000 involved motorcyclists, with over 4,000 fatalities.
Yahoo
23-06-2025
- Business
- Yahoo
Here's Why Allianz Malaysia Berhad (KLSE:ALLIANZ) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. Despite being in the age of tech-stock blue-sky investing, many investors still adopt a more traditional strategy; buying shares in profitable companies like Allianz Malaysia Berhad (KLSE:ALLIANZ). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Allianz Malaysia Berhad with the means to add long-term value to shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Allianz Malaysia Berhad's Earnings Per Share Are Growing Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. That means EPS growth is considered a real positive by most successful long-term investors. Impressively, Allianz Malaysia Berhad has grown EPS by 18% per year, compound, in the last three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be beaming. Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. It's noted that Allianz Malaysia Berhad's revenue from operations was lower than its revenue in the last twelve months, so that could distort our analysis of its margins. Allianz Malaysia Berhad maintained stable EBIT margins over the last year, all while growing revenue 15% to RM6.2b. That's progress. The chart below shows how the company's bottom and top lines have progressed over time. To see the actual numbers, click on the chart. KLSE:ALLIANZ Earnings and Revenue History June 23rd 2025 Check out our latest analysis for Allianz Malaysia Berhad Fortunately, we've got access to analyst forecasts of Allianz Malaysia Berhad's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting. Are Allianz Malaysia Berhad Insiders Aligned With All Shareholders? It's a necessity that company leaders act in the best interest of shareholders and so insider investment always comes as a reassurance to the market. Allianz Malaysia Berhad followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group. To be specific, they have RM74m worth of shares. This considerable investment should help drive long-term value in the business. Even though that's only about 2.1% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders.
Free Malaysia Today
18-06-2025
- Automotive
- Free Malaysia Today
Tougher penalties needed to curb RM1bil losses to insurance fraud
Allianz Malaysia Bhd CEO Sean Wang warns of a network of 'touts', tow truck operators and service workshops that thrive on inflating insurance claims. (Envato Elements pic) PETALING JAYA : An insurance firm is urging the authorities to enforce tougher penalties on the perpetrators of motor insurance fraud to curb the massive losses suffered by the industry. Sean Wang, CEO of Allianz Malaysia Bhd, said that while insurance fraud is indirectly addressed through laws targeting fraud and misconduct, these measures are inadequate in dealing with the modus operandi of rogue tow truck providers and workshops. Sean Wang. 'The industry is losing about RM1 billion every year. The annual total claim sum in the (motor insurance) industry is roughly RM10 billion, and I estimate the leakage and exaggerated claim rates at about 10% of the total sum. 'We urge the government to introduce clearer, stricter regulations and enforcement measures specifically targeting these service providers. 'This can include enhancing industry oversight, establishing severe penalties for offenders, and promoting greater transparency in the towing and service sectors,' Wang told FMT in an interview. Modus operandi, false affiliations Wang said the fraudulent claims are the work of a network of touts, tow truck operators, and service workshops that thrive on inflating insurance claims by 15% to 20%. He said that these touts typically patrol urban areas on motorcycles, scouting for road accidents. Once alerted to potential 'assets', they quickly arrive at the scene to persuade drivers to use the services of particular tow trucks and workshops. The touts would also falsely claim themselves to be affiliated with insurance companies or offer seemingly convenient solutions to convince the victims to surrender their vehicles to them. Once the tout takes possession of the damaged vehicles, they will negotiate with workshops who are willing to inflate repair costs, sometimes using substandard parts or performing unnecessary repairs to exaggerate the claim amount. 'As a result, insurance companies suffered financially,' he said, Wang said these touts and tow truck operators tend not to send a car immediately for repair. 'Neither will the insurance company be informed (by the touts) about the vehicles being kept by them—sometimes for days and weeks—because they want to get the best deal out of it. 'The policy holders will think that the insurance company is attending to the repairs because the person who towed it would claim to be representing us,' he said, adding that such malpractice has been existing for the last four decades. Combatting fraudulent claims Wang said that Bank Negara Malaysia, the main regulator of the insurance industry, has initiated several measures to combat these fraudulent practices and protect the interests of policy holders. A crucial step has been in mandating that each insurer provide its own towing service and a means for the client to contact them directly in the event of an accident. Insurance companies can decide whether to invest in their own fleet of tow trucks or engage third party providers, he said. 'The insurance companies and the regulator are also looking into the possibility of creating e-police reporting. This is one way to eliminate one of the pain points of our clients, as making a police report is also part of a tout's services,' he added. Wang said Allianz has set up the Allianz Road Rangers, which operates over 300 tow trucks across the country that are always on standby for any emergency. The firm has also enhanced its claims management and blacklisted workshops and tow truck operators known for their unethical and fraudulent activities. Wang said insurance companies must educate policyholders and disseminate the right information to reduce fraud claims. 'For the public out there, the first thing to do during an accident is to contact your own insurance company. Once you contact the insurers, they will immediately be able to deploy their tow trucks to the site. 'I know it's easier said than done because an accident can be a very traumatising experience. But remember, whatever you sign on the spot may relinquish your rights later on,' he said.
The Star
09-06-2025
- Automotive
- The Star
12,000 expected at highway marathon in Klang Valley
(Back row, from fifth left) Lee, Wan Salwani and Wang with representatives of sponsors for the IJM Allianz Duo Highway Challenge 2025. — LOW BOON TAT/The Star THE IJM Allianz Duo Highway Challenge, touted as Malaysia's only full highway marathon, will return for its seventh edition on Aug 3. The marathon will take place on parts of the New Pantai Expressway (NPE) and Sungai Besi Highway (Besraya). Over 12,000 participants are expected to join the event with four running categories, ranging from 5km to 42km. This year's 'Highway Legend' theme aims to celebrate everyday athletes who train without seeking recognition. Allianz Malaysia chief executive officer Sean Wang, representing the event's co-title sponsor, said the event was gaining more global recognition. 'Our partnership with IJM reflects a shared commitment to health and sustainability, mirroring our global support for the Olympics and Paralympics through 2032. 'The IJM Allianz Duo Highway Challenge has earned two Malaysia Book of Records titles. It is the first full marathon held on a highway and the longest marathon course on a closed highway. 'The 2025 edition has secured certification from World Athletics, an international governing body for athletics. 'It is also recognised by the Association of International Marathons and Distance Races,' said Wang during a press conference on the event at IJM Land Centre of Excellence Gallery in Pantai Sentral Park, Kuala Lumpur. IJM Corp Group chief executive officer Datuk Lee Chun Fai said the recognitions affirm that the marathon meets international standards for distance accuracy and race organisation. 'IJM's objectives go beyond constructing roads. That is why we build platforms to bring people together, to connect and challenge themselves. 'More importantly, the fully closed highway marathon experience remains uniquely ours. This is not just about speed but about community, perseverance and leaving a positive legacy.' The Works Ministry besides the police, and Malaysian Highway Authority will oversee road closures and traffic diversions to ensure public safety. IJM toll division chief executive officer Wan Salwani Wan Yusoff said a lot of behind-the-scenes efforts were required to execute the event. 'We need a lot of people and resources even for a one-day marathon. But we have gained sufficient experience after having this event for several years,' she said. Event organiser EC Pixels Asia managing director Eugene Chan, said new features this year included public recruitment for pacers and entertainment zones with live music to encourage participants along the route. 'We have launched a pacer search and the public can register with us. 'Every station along the run will offer isotonic drinks. 'The highway run can be quite tough, so we have added entertainment stations to help runners enjoy the journey. 'There will be a live DJ station at one of the stations,' said Chan. Registration for the run closes on June 30. For details, visit
