Etiqa is a leading insurer and

takaful Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic ...

operator in ASEAN. A member of the

Maybank Malayan Banking Berhad (doing business as Maybank) is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank b ...

Group, it offers a full range of life and general insurance policies, as well as family and general takaful plans via more than 10,000 agents, 46 branches, 17 offices, a bancassurance network comprising over 490 branches, cooperatives, brokers and online platforms across Malaysia, Singapore, Indonesia, Philippines and Cambodia. Etiqa is also the leading digital insurance/Takaful player in Malaysia with over 55% market share of online premium/contribution in the past three consecutive years. Etiqa is also the leading bank assurance player in Malaysia, a leader in Digital Life Insurance in Singapore and a leading Group Medical insurer in the Philippines. Etiqa is composed of four main operating entities in Malaysia, namely, Etiqa General Insurance Berhad, Etiqa Life Insurance Berhad, Etiqa General Takaful Berhad and Etiqa General Takaful Berhad, besides two smaller operating entities in Labuan and operating entities in Singapore, Indonesia, the Philippines and Cambodia.

History

* Etiqa traces its root back to 2005 when Maybank Ageas (formerly known as Maybank Ageas), Maybank General Assurance, Maybank Life Assurance and Maybank Takaful merged with Malaysia National Insurance Berhad (MNI) and Takaful Nasional Sdn. Bhd. * In 2007, the Etiqa name was launched * In 2009, Etiqa Insurance Berhad opened its first branch in Singapore * In 2014, Etiqa Insurance PTE LTD Singapore (EIPL) expanded its core business from general insurance to life insurance * Also in 2014, Etiqa acquired shares in Asian Life and General Assurance in the Philippines (ALGA) which was renamed Etiqa Life and General Assurance Philippines (ELGAP) in 2016 * In 2017, Etiqa acquired the majority stake in PT Asuransi Asoka Mas (Asoka) which it has since renamed PT Asuransi Etiqa International Indonesia (EII) in 2020 * In 2018, in support of Bank Negara Malaysia's Islamic Financial Services Act 2013 and to better serve the stakeholders, Etiqa Malaysia became four main operating entities i.e. Etiqa General Insurance Berhad, Etiqa Life Insurance Berhad, Etiqa General Takaful Berhad and Etiqa Family Takaful Berhad * In 2020, Etiqa began its operations in Cambodia under Etiqa General Insurance Cambodia and Etiqa Life Insurance Cambodia

Awards

* Motordata Research Consortium Award 2021 - Fastest Estimating Claims Approval Time for Own Damaged Claims - Etiqa General Takaful Berhad *Motordata Research Consortium Award 2021 - Most Accurate Estimate to Claims Approval Amount - Etiqa General Takaful Berhad *Global Banking & Finance Awards 2020 - Best General Takaful Provider, Malaysia Category – Winner * The Asset A Triple Islamic Finance Awards 2020 - Best Islamic Takaful Institution, General Takaful – Winner * The Asset A Triple Islamic Finance Awards 2020 - Best Islamic Takaful Institution, Family Takaful – Winner * The Asset Benchmark Research Awards 2020 - Top Investment House, Etiqa Insurance & Takaful (Rank 1) * The Malaysian Takaful Association 2020 - Best Takaful Operator, Banca Takaful, Family Takaful Business Category – Winner * The Malaysian Takaful Association 2020 - Best Takaful Operator, General Takaful Business – Winner * The Malaysian Takaful Association 2020 - Best Takaful Operator, General Agency Takaful Business – Winner * Islamic Finance News Awards 2020 - Best Takaful Company, General and Family Takaful – Winner * Insurance Asia Awards 2020 - Millennial Insurance Initiative of the Year – Singapore * Reader's Digest Quality Service Awards 2020 - Home and Contents Insurance – Gold Winner * Global Brands Magazine Award 2019 - Best Customer-Centric Insurance Brand * Insurance Asia Awards 2019 - Marketing Initiative of the Year – Singapore * The Singapore 1000 - Singapore 1000 Company Emerging 2019 * Insurance Asia Awards 2020 - CSR Initiative of the Year - Philippines

References

{{reflist Insurance companies of Malaysia Takaful companies of Malaysia Companies based in Kuala Lumpur Financial services companies established in 2005 2005 establishments in Malaysia Privately held companies of Malaysia Malaysian brands