AmGeneral Insurance launches AutoGen Club and Opal Auto Mart Partnership
Monday, April 4, 2016
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Mr Derek Roberts, Chief Executive Officer, AmGeneral Insurance Berhad (left) and Mr David Lee, Chief Executive Officer, Opal Auto Mart Sdn Bhd exchanging the documents after signing ceremony.
Recently, AmGeneral Insurance launched their AutoGen Club as well as entering into an agreement with Opal Auto Mart.
The newly launched AutoGen Club will provide insurance solutions for AmGeneral Insurance's partners/agency members/ car dealers (new, reconditioned and used) for their customers.There is the Fast Claims Services which will enable customers to obtain their claims speedily. Other benefits for club members include Reimbursement of Internet Fees, Agency Convention to coincide with the International Motor Show, specialized Continuing Professional Development training and Enhanced Benefit for Insured with an Opal Warranty among its many privileges.
Opal via the agreement which was signed on the same day as the launch of AutoGen Club, will be the exclusive underwriter for the auto warranty sold under the AutoGen Club. The coverage will be as per Opal’s lifestyle programme which covers both the reconditioned and used cars. Opal is the largest extended warranty service provider and administrator for used and reconditioned cars in Malaysia. Opal is supported by a panel network of over 200 specialist workshops nationwide. The vehicles participating in Opal’s programme will be inspected, serviced and maintained by Opal’s authorised panel workshops
Is AmGeneral Insurance a big player? AmGeneral underwrites RM1.6 Billion Gross Written Premium for Financial Year 2014/2015 under its two well-known brands – AmAssurance and Kurnia Insurans (yes, they own Kurnia Insurance). Together, AmAssurance and Kurnia insure one in every six cars in Malaysia and is ranked No. 2 in Motor with a market share of just over 15%.
PRESS RELEASE
30th March 2016
AmGeneral Insurance launches AutoGen Club and Opal Auto Mart Partnership
L-R: Ms Grace Quah, Senior Vice President, Agency Distribution and Operations, AmGeneral Insurance Berhad, Mr Derek Roberts, Chief Executive Officer, AmGeneral Insurance Berhad, Mr David Lee, Chief Executive Officer, Opal Auto Mart Sdn Bhd and Mr Christopher Tandy, Senior Vice President, Product, Pricing and Underwriting, AmGeneral Insurance Berhad posing for a photo after the launch of AutoGen Club and Opal Auto Mart Partnership.
AmGeneral Insurance Berhad (AmGeneral) today launched its exclusive AutoGen
Club that recognises the support and contribution of their loyal partners.
The benefits of AutoGen Club are designed to empower partners to become key
insurance solutions to their customers through the provision of Fast Claims
Services and Enhanced Motor Underwriting Guide to meet the needs of their
partners and customers.
The Fast Claims Services will enable customers to obtain their claims speedily.
Other benefits for the club members include Reimbursement of Internet Fees,
Agency Convention to coincide with the International Motor Show, specialized
Continuing Professional Development training and Enhanced Benefit for Insured
with Opal Warranty among its many privileges.
AmGeneral today also signed a partnership agreement with Opal Auto Mart
(Opal) to be the exclusive underwriter for the auto warranty sold under Opal’s
lifestyle programme which covers both the reconditioned and used cars. Opal is
the largest extended warranty service provider and administrator for used and
reconditioned cars in Malaysia. Opal is supported by a network of over 200
specialist workshops nationwide. The vehicles participating in Opal’s programme
will be inspected, serviced and maintained by Opal’s authorised panel workshops
“With all these new initiatives in place, the AutoGen Club and Opal Auto Mart
Partnership, we aim to solidify our position in Motor & Non-Motor sales, making
Malaysia a safer place by reducing vehicle breakdown, and growing alternative
business solution for reconditioned / used car market,” said Derek Roberts, Chief
Executive Officer, AmGeneral.
For more information on AutoGen Club and Opal Auto Mart Partnership, please
contact our agents or visit www.amgeneralinsurance.com
About AmGeneral Insurance Berhad
AmGeneral Insurance Berhad (“AmGeneral Insurance”) is founded on a combined
business of two former entities, AmG Insurance Berhad (“AmG”) and KurniaInsurans
(Malaysia) Berhad (“KIMB”) with the acquisition of KIMB by AmBank Group and IAG
International Pty Ltd (“IAG”) in September 2012.
As one of Malaysia’s largest motor and leading general insurance company in the
market, AmGeneral underwrites RM1.6 Billion Gross Written Premium for Financial Year
2014/2015 under its two well-known, trusted brands – AmAssurance and Kurnia
Insurans which are the face of the company to its agents, customers and the general public.
Together, AmAssurance and Kurnia insure one in every six cars in Malaysia and is
ranked No. 2 in Motor with a market share of just over 15%. For overall general
insurance, AmGeneral Insurance is top 5 in overall market share as of 1st half of 2015
by Gross Written Premium (GWP). With over 4 million customers, the Company
generates business from a comprehensive range of general insurance solutions
distributed through a network of 32 AmAssurance and Kurnia branches, servicing 7,000
agents and dealers, as well as through AmBank’s branches nationwide.
For more information, please visit www.amgeneralinsurance.com
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