Wednesday, September 4, 2013

Takeover puts Tune Insurance on rapid growth

Takeover puts Tune Insurance on rapid growth

By Lidiana Rosli
lidiana@mediaprima.com.my
2013/09/04

KUALA LUMPUR: Tune Insurance Malaysia Bhd's business has grown rapidly since it was acquired by Tune Ins Holdings Bhd in May last year, says chief exceutive officer Danie Su Tieng Teck.

"Before Tune Ins stepped into the picture and our subsequent partnership with AirAsia Bhd, this company was up for sale and it was difficult to retain good staff, attract new talent and grow the business," he told Business Times recently.


"However, since the acquisition and within 12 months, we saw an increase of 40 per cent in our top line as well as 10 per cent underwriting profits for 2012. Prior to the acquisition, we never had any underwriting profits."

The acquisition of Oriental Capital Assurance (OCA) and subsequent rebranding to Tune Insurance and integration into the Tune family has been all about leveraging on the strengths in OCA, including good staff, agents and customers, eliminating weaknesses and adding agents, processes, products and technology.

Su said that the AirAsia partnership has also helped pave the way for new simple products to be distributed through digital marketing.

"We have around 250,000 new policyholders every month, consisting of AirAsia customers who opted for the travel insurance provided by us and that database is growing even as we speak, so why not tap into that?"

As such, Tune Insurance is looking to launch new simple products, to be marketed digitally.

The company is also looking at opening five new branches within the next two years once it gains Bank Negara Malaysia's approval.


Source/Extract/Excerpts/来源/转贴/摘录: http://www.btimes.com.my/
Publish date: 04/09/13

No comments:

Post a Comment

Warren E. Buffett(沃伦•巴菲特)
Be fearful when others are greedy, and be greedy when others are fearful
别人贪婪时我恐惧, 别人恐惧时我贪婪
投资只需学好两门课: 一,是如何给企业估值,二,是如何看待股市波动
吉姆·罗杰斯(Jim Rogers)
“错过时机”胜于“搞错对象”:不会全军覆没!”
做自己熟悉的事,等到发现大好机会才投钱下去

乔治·索罗斯(George Soros)

“犯错误并没有什么好羞耻的,只有知错不改才是耻辱。”

如果操作过量,即使对市场判断正确,仍会一败涂地。

李驰(中国巴菲特)
高估期间, 卖对, 不卖也对, 买是错的。
低估期间, 买对, 不买也是对, 卖是错的。

Tan Teng Boo


There’s no such thing as defensive stocks.Every stock can be defensive depending on what price you pay for it and what value you get,
冷眼(冯时能)投资概念
“买股票就是买公司的股份,买股份就是与陌生人合股做生意”。
合股做生意,则公司股份的业绩高于一切,而股票的价值决定于盈利。
价值是本,价格是末,故公司比股市重要百倍。
曹仁超-香港股神/港股明灯
1.有智慧,不如趁势
2.止损不止盈
成功者所以成功,是因为不怕失败!失败者所以失败,是失败后不再尝试!
曾淵滄-散户明灯
每逢灾难就是机会,而是在灾难发生时贱价买股票,然后放在一边,耐性地等灾难结束
  • Selected Indexes 52 week range

  • Margin of Safety

    Investment Clock

    World's First Interactive Investment Clock