Business insurance · Malaysia · Head-to-head

Allianz General Malaysia vs Zurich General Malaysia

Two Malaysia business insurance options, compared side by side for Malaysia trades.

Which should you choose?

Allianz General Malaysia and Zurich General 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 · Listed

Contractors' 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.

Typical Malaysia pricing: Quote-based; no published premium rates.

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Zurich General Malaysia

Tier A · Listed

Zurich's Malaysian general insurer, with CAR/EAR cover and Takaful versions

Zurich General Insurance Malaysia Berhad is part of the global Zurich Insurance Group, and Zurich Malaysia says its companies have branches in 30 locations nationwide. Its Contractors' All Risks / Erection All Risks policy covers civil works (CAR) or mechanical and electrical works (EAR). Sister company Zurich General Takaful Malaysia Berhad sells Contractor All Risks Takaful and Erection All Risks Takaful.

Pros

+ One product covers civil works (CAR) or mechanical and electrical works (EAR)
+ Shariah-compliant Takaful versions from a sister company
+ Extensions include SRCC, inland transit, express freight, cross liability and extended maintenance
+ Product Disclosure Sheet and policy wording published on its website

Cons

− No published premium rates; quote by enquiry form, branch or phone
− Conventional and Takaful versions are separate products from separate companies
− Bank Negara fined the insurer RM1,040,000 in January 2026 for sanctions-screening breaches

Malaysia note

Contractors can choose a conventional policy (Zurich General Insurance Malaysia Berhad) or Takaful cover (Zurich General Takaful Malaysia Berhad). Zurich says CAR/EAR benefits are protected by PIDM up to limits.

Typical Malaysia pricing: Quote-based; no published premium rates.

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More Malaysia options

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