MPI Generali Insurans Berhad

MPI Generali Insurans Berhad, formerly known as Multi-Purpose Insurans Bhd ("MPI Generali"), is a strategic partnership between Multi-Purpose Capital Holdings Berhad, which is a wholly owned subsidiary of MPHB Capital Berhad, a public listed company on the Bursa Malaysia, and Assicurazioni Generali S.p.A. ("Generali"), one of the largest global ins... urance providers with a rich heritage going back to 1831. Established in 1973 and licensed by Bank Negara Malaysia under the Financial Services Act, 2013 (which repealed and replaced the Insurance Act, 1996), MPI Generali's core business is underwriting of general insurance business offering innovative insurance products and services which can be customised to the specified needs of the company's individual and corporate customers. MPI Generali's Head Office is located in the city centre in Kuala Lumpur with a network of 12 branches strategically located in various states in Malaysia, namely: Klang, Penang, Kota Bharu, Ipoh, Johor Bahru, Kuantan, Melaka, Alor Setar, Kuching, Sibu, Kota Kinabalu and Sandakan. MPI Generali is widely represented by agents and intermediaries throughout the country to serve the company's customers. The strategic partnership marks Generali's first entry into the Malaysian non-life insurance market, bringing with it world-class strength, expertise and technical efficiency. Combined with MPI Generali's experience and in-depth knowledge of the local insurance industry as well as extensive network of agencies across Malaysia, the partnership is expected to enable the company to become one of the key long-term players in the local underwriting industry and spur its growth into a large, financially strong and well-managed general insurer for a liberalised market.Read More