Business insurance · Malaysia · Head-to-head
Allianz General Malaysia vs Tokio Marine Malaysia
Two Malaysia business insurance options, compared side by side for Malaysia trades.
Which should you choose?
Allianz General Malaysia and Tokio Marine Malaysia 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.
Tokio Marine Malaysia
Tier A · ListedTokio Marine group's Malaysian general insurer, with a combined CAR/EAR product
Tokio Marine Insurans (Malaysia) Berhad is a general insurer in Japan's Tokio Marine group and a member of the General Insurance Association of Malaysia (PIAM). Its website carries a combined Contractors' All Risks / Erection All Risks product page. In May 2026 Bank Negara Malaysia allowed RHB Bank to start talks on selling RHB Insurance to Tokio Marine for integration with its Malaysian business, per The Star and The Edge.
Pros
- + Combined Contractors' All Risks / Erection All Risks product
- + Part of Japan's Tokio Marine group
- + Member of the General Insurance Association of Malaysia (PIAM)
Cons
- − No public premium rates found; quote-based
- − Ownership structure may change: merger talks with RHB Insurance began in May 2026
- − Ask for the Product Disclosure Sheet: policy details were not readable on its website
Malaysia note
Bank Negara Malaysia allowed RHB Bank in May 2026 to start talks on selling RHB Insurance to Tokio Marine for integration with Tokio Marine's Malaysian business; the two groups had held earlier talks in 2019. No completed deal was reported by the end of September 2026.
More Malaysia options
See all Malaysia business insurance vendors and the rest of the Malaysia directory.