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