Business insurance · Malaysia · Head-to-head
Allianz General Malaysia vs Lonpac Insurance
Two Malaysia business insurance options, compared side by side for Malaysia trades.
Which should you choose?
Allianz General Malaysia and Lonpac Insurance are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Malaysia-specific notes below against your trade and region.
Allianz General Malaysia
Tier A · ListedContractors' All Risks cover from the Malaysian arm of the Allianz Group
Allianz General Insurance Company (Malaysia) Berhad is a wholly owned subsidiary of Allianz Malaysia Berhad, which is listed on Bursa Malaysia; the Allianz Group became the controlling shareholder in 2001. Its Contractors' All Risks policy covers damage to the contract works and third-party liability for the contract period. It is sold through agents and brokers or by contacting Allianz, which lists 30 branches nationwide.
Pros
- + One policy covers material damage to the works and third-party liability
- + Optional cover for construction plant, machinery, debris removal, professional fees and the principal's existing property
- + Product Disclosure Sheets and proposal form downloadable in English and Malay
- + 30 branches nationwide, per Allianz Malaysia
Cons
- − No published premium rates; priced after a proposal form
- − No online purchase for CAR: through an agent, a broker or Allianz's contact form
- − Cover is written per contract, for the period in the Letter of Award
Malaysia note
Allianz says its CAR cover runs for the contract period in the Letter of Award, with optional extensions for construction plant and equipment, machinery, debris removal, professional fees and the principal's existing property. Allianz Malaysia states it is a PIDM member.
Lonpac Insurance
Tier A · ListedGeneral insurer in the LPI Capital group, with a Contractor's All Risks product
Lonpac Insurance is the general insurance subsidiary of LPI Capital Bhd, whose shares trade on Bursa Malaysia. In October 2024 Public Bank agreed to buy a 44.15% stake in LPI Capital from the late founder's family, and its follow-on general offer lapsed in January 2025 below the 50% acceptance level, per The Star and The Edge. Lonpac lists Contractor's All Risks among its engineering and machinery covers for businesses.
Pros
- + Contractor's All Risks offered as a named business product
- + Parent LPI Capital is listed and reports its results publicly
- + Member of the General Insurance Association of Malaysia (PIAM)
- + Also writes business insurance in Singapore, through its own Singapore site
Cons
- − No published premium rates; quote required
- − The CAR web page gives little readable detail; ask for the Product Disclosure Sheet
- − No online purchase route for CAR found
Malaysia note
Contractor's All Risks sits under Lonpac's engineering and machinery covers for businesses. Ask a Lonpac agent or broker for the Product Disclosure Sheet and policy wording before comparing quotes.
More Malaysia options
See all Malaysia business insurance vendors and the rest of the Malaysia directory.