Maybank Ageas Holdings Berhad
Etiqa is an insurer and takaful operator in ASEAN. It is a member of the Maybank Group, offering life and general insurance policies, as well as, family and general takaful plans. It has over 10,000 agents, 46 branches, 17 offices, and a bancassurance network consisting of over 490 branches, cooperatives, brokers, and online platforms across Malaysia, Singapore, Indonesia, the Philippines, and Cambodia. Etiqa is a digital insurance/takaful player in Malaysia with over 55% of market share in online premiums/contributions as of 2020. It is also a bank assurance player in Malaysia, in Digital Life Insurance in Singapore, and a Group Medical insurer in the Philippines.
Beyond's analysis on Maybank Ageas Holdings Berhad
- — Ageas exits its Maybank joint venture by selling its 30.95% stake to Maybank for approximately EUR 1.1 billion
- — Ageas completes the divestment of its 30.95% stake in the Malaysian joint venture Maybank Ageas Holdings to its partner Maybank, freeing capital and ending a long‑standing insurance partnership
- — Ageas exits its Malaysian insurance joint venture by selling its 30.95% stake to Maybank