How about market share and service-wise? Unfortunately I'm not hearing good things from those having P&O policy. Most common auto insurance sold by car dealers are those from Ace Jerneh and Kurnia it seems.
the bigger player in car insurance is still kurnia. which has been taken over by AmGeneral.
P&O and Multi-Purpose both have modest market share (both are listed and local companies). behind the likes of amgeneral, allianz, tokio marine, axa affin, msig, lonpac. but equal/ahead of the rest of the world. you will be surprised that there are many more general insurance company that have smaller market share.
P&O main business is not car insurance, is in fact motorcycle insurance. you may get this information from the annual report.
Actually P& O have some very smart people working there. We just need to know when to buy and when to sell. Its not a long term investment co. My two sens worth.
Unusual Items affecting assets, liabilities, equity, net income or cash flows. There were no unusual items that affected the assets, liabilities, equity, net income or cash flows of the Group for the period under review except as disclosed below:
The results of the insurance subsidiary company for the period ended 31 March 2015 were affected by an increase in its provision for Incurred But Not Reported (“IBNR”) claims and Provision of Risk Margin for Adverse Deviation (“PRAD”) by RM49,150,000. The increase was due to the extra conservative approach taken by the insurance subsidiary company’s newly appointed actuary in estimating the provision for IBNR claims and PRAD as at 31 March 2015, compared to the estimation performed by its former actuary which was still within the acceptable range. All appointments of actuaries were approved by Bank Negara Malaysia (“BNM”).
Despite the extra conservative approach used in estimating the provision for IBNR claims and PRAD, the Capital Adequacy Ratio of the insurance subsidiary company is still above the Internal Target Capital Level approved by BNM.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yeeck
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Posted by yeeck > 2014-08-22 02:05 | Report Abuse
How about market share and service-wise? Unfortunately I'm not hearing good things from those having P&O policy. Most common auto insurance sold by car dealers are those from Ace Jerneh and Kurnia it seems.