Business insurance · Malaysia · Head-to-head
MSIG Malaysia vs Zurich General Malaysia
Two Malaysia business insurance options, compared side by side for Malaysia trades.
Which should you choose?
MSIG 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.
MSIG Malaysia
Tier A · ListedMalaysian general insurer owned by Mitsui Sumitomo Insurance (MS&AD group)
MSIG Insurance (Malaysia) Bhd is a Kuala Lumpur-based general insurer licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia. It describes itself as a subsidiary of Mitsui Sumitomo Insurance and part of Japan's MS&AD group, and says it writes fire, engineering and motor business. Its current website lists fire, marine, cyber and SME package cover for businesses, but no Contractors' All Risks page was found.
Pros
- + Subsidiary of Mitsui Sumitomo Insurance, part of Japan's MS&AD group, per MSIG
- + Writes engineering insurance, per its own company profile
- + Business products checked have Product Disclosure Sheets in English and Malay
Cons
- − No Contractors' All Risks page found on its current website
- − No published premium rates for commercial cover
- − CAR wording and extensions not available online; ask an agent or broker
Malaysia note
Licensed under Malaysia's Financial Services Act 2013 and regulated by Bank Negara Malaysia; its site links PIDM's TIPS brochure. MSIG's earlier Contractors' All Risks page (under 'Other Commercial Insurance') now returns an error, so confirm the product with an agent or broker.
Zurich General Malaysia
Tier A · ListedZurich'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.
More Malaysia options
See all Malaysia business insurance vendors and the rest of the Malaysia directory.