Paul Sanchez
AmGeneral Insurance Berhad, a leading general insurer in Malaysia, officially merged with Liberty Insurance Berhad in 2023. The merged entity, now known as Liberty General Insurance Berhad, serves over 3 million customers and offers a comprehensive range of insurance products, including personal and commercial automobile, homeowners, accident and health, and travel insurance. With a strong presence in the Malaysian market and a wide network of agents and partners, Liberty General Insurance Berhad aims to provide convenient and accessible insurance solutions to meet the diverse needs of its customers.
| Characteristics | Values |
|---|---|
| Corporate Name | Liberty General Insurance Berhad |
| Date of Name Change | 1 April 2023 |
| Parent Company | Liberty Mutual Group |
| Year Parent Company was Founded | 1912 |
| Headquarters | Boston |
| Number of Countries Operated In | 29 |
| Number of Employees | 50,000+ |
| Number of Branches in Malaysia | 36 |
| Number of Agents and Partners | 8,000+ |
| Number of Customers | 3 million+ |
| Types of Insurance Offered | Automobile, homeowners, accident & health, general liability, property, surety, workers compensation, personal, travel and specialty lines |
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What You'll Learn
AmGeneral Insurance Berhad is now Liberty General Insurance Berhad
AmGeneral Insurance Berhad has changed its corporate name to Liberty General Insurance Berhad. The company has become a subsidiary of the Liberty Mutual Group, with Liberty Insurance Berhad and AMMB Holding Berhad owning 70% and 30% of the share capital, respectively.
The merger was officially announced on 1 April 2023, and the new entity will serve over 3 million customers with access to more than 8,000 agents and partners. The company will continue to operate under the Liberty, Kurnia, and AmAssurance brands, offering a wide range of insurance products and services, including personal and commercial automobile, homeowners, accident and health, general liability, property, surety, workers' compensation, travel, and specialty lines.
With 36 branches across Malaysia, multiple distribution channels, and a large agency workforce, Liberty General Insurance Berhad aims to provide convenient and accessible services to its customers, helping them find the most suitable insurance solutions. The company's customer service contact details will remain unchanged, and all rights and obligations of policyholders and business partners will be unaffected by the name change.
Liberty Mutual Group has been in business since 1912 and is headquartered in Boston. It is the fifth-largest global property and casualty insurer based on 2022 gross written premiums. The group has a strong global presence, operating in 29 countries and economies worldwide, with over 50,000 employees. Liberty Mutual Group is ranked 86th on the Fortune 100 list of largest corporations in the US based on 2022 revenue, reporting annual consolidated revenue of $50 billion as of December 31, 2022.
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Car insurance plans
AmGeneral Insurance Berhad has changed its name to Liberty General Insurance Berhad. Liberty General Insurance Berhad offers a wide range of insurance products and services, including personal automobile insurance.
Kurnia Insurance, a part of Liberty General Insurance Berhad, offers comprehensive motor insurance policies for cars and motorcycles. The company has been in business since 1978 and has grown to be one of the largest motor insurers in Malaysia, protecting one in seven cars in the country.
Kurnia offers a Private Car 365 Plan, which is applicable for Private Car Comprehensive, auto365 Comprehensive Lite, auto365 Comprehensive Plus, and auto365 Comprehensive Premier policies. The company also provides Motorcycle Comprehensive and Third-Party Fire & Theft Insurance, as well as Motorcycle Third Party Insurance.
Kurnia's car insurance premium is calculated based on various factors such as the age of the driver, the age and model of the car, the sum insured, and other aspects. The company recommends insuring your car based on its market value at the point of applying for the policy to protect yourself from being under-insured.
In the event of an accident, policyholders are required to send their vehicle to one of Kurnia's approved workshops or a repairer that has been given special permission. On selected policies, all drivers authorised by the policyholder are automatically allowed to drive the insured car.
Kurnia also provides a network of over 30 branches, 7,000 agents, 400 approved repairers, and various online channels to attend to their customers' needs.
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Home and fire insurance
Kurnia Insurance offers home and fire insurance to protect your home, furniture, and belongings against loss or damage caused by natural disasters, accidents, riots, and criminal acts. This includes fire damage, helping you get your home up and running again so you can return to making cherished memories.
The standard fire insurance tariff rate is prescribed by Persatuan Insurans Am Malaysia (PIAM) and is determined by the home type and sum insured. Kurnia's Building Cost Calculator (BCC) can help estimate the sum insured for your residential property, taking into account any renovations and inflation to avoid underinsurance.
Kurnia's fire insurance is available to all houseowners, householders, and renters. It provides comprehensive protection, covering a wide range of accidents and natural disasters, ensuring that you can quickly recover from unexpected events.
In addition to fire insurance, Kurnia also offers householder and homeowner insurance, which covers your home against damage caused by natural disasters, accidents, and criminal acts. This policy can be enhanced by adding a small additional premium to cover a broader range of scenarios.
By choosing Kurnia's home and fire insurance, you can have peace of mind knowing that your home is protected against various unforeseen circumstances.
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Automobile insurance
AmGeneral Insurance Berhad, now known as Liberty General Insurance Berhad, offers a wide range of insurance products and services, including automobile insurance. The company has a strong presence in the Malaysian market and serves over 3 million customers.
Kurnia Insurance, as part of the Liberty Mutual Group, offers comprehensive car insurance plans that cater to different customer needs. Their plans can be tailored to suit your budget and requirements, ensuring you get the right coverage. With a large network of agents and partners, Kurnia Insurance provides convenient access to their insurance solutions. Their website also allows customers to easily manage their policies and file claims.
When choosing an automobile insurance plan, it is important to consider the level of coverage you need. Basic plans may cover only damages to your vehicle, while more comprehensive plans can include coverage for personal injuries, legal liabilities, and other benefits such as roadside assistance or rental car reimbursement. Additionally, consider the deductibles and exclusions in your policy, as these can affect your out-of-pocket expenses in the event of a claim.
By understanding your needs and carefully reviewing the terms and conditions of different insurance providers, you can make an informed decision when choosing an automobile insurance plan. It is essential to select a reputable company with a strong presence in your region, ensuring accessibility and peace of mind when you need it most.
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Travel insurance
AmGeneral Insurance Berhad, now known as Liberty General Insurance Berhad, offers a wide range of insurance products and services, including travel insurance. Headquartered in Kuala Lumpur, the company has 36 branches and approximately 1,700 employees across Malaysia.
Liberty General Insurance Berhad offers a diverse range of insurance products to cater to different segments of partners and customers. In addition to travel insurance, they provide personal and commercial insurance, automobile coverage, homeowners' insurance, accident and health protection, general liability coverage, property insurance, surety, and workers' compensation plans.
The company's distribution network includes 7,000 agents, brokers, car dealers, franchise holders, and affinity partners, ensuring convenient and accessible services for its customers. Liberty's travel insurance provides essential coverage for travellers, offering peace of mind and financial protection in case of unexpected events during their journeys.
While the specific details of their travel insurance plans are not readily available, Liberty General Insurance Berhad's commitment to providing a wide range of insurance products, including travel insurance, underscores their dedication to offering comprehensive protection for individuals and businesses alike.
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Frequently asked questions
AM General Insurance Berhad is now known as Liberty General Insurance Berhad.
AM General Insurance offers a wide range of insurance products including personal automobile, homeowners, accident & health, general liability, property, and surety.
Kurnia Insurance is a brand under AM General Insurance that offers insurance products such as car insurance, motorcycle insurance, and home insurance.
Yes, AM General Insurance Berhad officially merged with Liberty Insurance Berhad on 1 April 2023. The merged entity will serve more than 3 million customers and have access to more than 8,000 agents and partners.
Kurnia Insurance has 36 branches located nationwide in Malaysia.
