MALAYAN Banking Bhd’s (Maybank) insurance and takaful arm Etiqa International Holdings Sdn Bhd (EIH) broke a five-year streak of gross written premium (GWP) growth last year, weighed down by a restructuring of its products in the Singapore market. It expects a strong rebound this year, however, with GWPs likely to see double-digit growth. The group's general insurance business is expected to drive results.
KUALA LUMPUR: AMMB Holdings Bhd (AmBank) remains upbeat on delivering a strong financial performance in FY23 as it benefits from the uptrend in the overnight policy rate, lower provisions and improving asset quality.