Business insurance · Malaysia · Head-to-head
Lonpac Insurance vs Tokio Marine Malaysia
Two Malaysia business insurance options, compared side by side for Malaysia trades.
Which should you choose?
Lonpac Insurance 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.
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.
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
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