In MAA Digestion Mode, More Growth Pockets Seen in SMEs, Bancassurance

Zurich Insurance Malaysia Berhad CEO Cheong Chee Meng discusses:

- MAA - life and general insurance acquisition - integration process;
- Price - bargain basement - issues;
- Re-branding exercise -- - update - brand acceptance - issues;
- Overall integration - people, processes - culture;
- Malaysian insurance - Under-penetration - issues;
- No Takaful business - issues;
- Zurich’s goal - top five in 3-5 years - How;
- Agents - strength - training - no. years in service;
- Strategy: Bancassurance - SMEs - corporate clientele;
- Expected growth rates - 2012;
- M&A: MAA's takaful business - whether still open;
- MCIS/Zurich JV - Dual ownership issue - BNM disallows - resolution - merge or sell;
- Aviva-CIMB said to be keen on selling out -- issues.