Etiqa


Etiqa is the insurance and takaful business of the Malaysian banking group Maybank. It offers life and general insurance as well as family and general takaful products through its 14,000 agents, 30 branches and 450 Maybank branches using the bancassurance model. Etiqa Insurance is one of the top conventional insurers in Malaysia by gross premiums written; while Etiqa Takaful is the takaful market leader with 47 percent and 21 percent market shares in general and family takaful respectively in 2014.
Maybank's enlarged insurance arm was formed via the acquisition by Mayban Fortis of MNI Holdings Berhad from Permodalan Nasional Berhad and Skim Amanah Saham Bumiputera in 2005. PNB/ASB is also the majority shareholder of Maybank. MNI was incorporated in 1973 and listed on the Kuala Lumpur Stock Exchange in 1981. In 2007, the combined business was rebranded as Etiqa.
The Etiqa business comprises Etiqa Insurance Berhad and Etiqa Takaful Berhad. The two companies are owned by Maybank Ageas which is in turn 69 and 31 percent controlled by Maybank and Ageas respectively.
Both Etiqa Insurance and Etiqa Takaful hold an 'A/Stable' Insurer Financial Strength Rating assigned by Fitch Ratings as of June 2015.
Etiqa Triumphs as the Best Multi-channel Distributor of Takaful and Insurance Products.