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Tune Protect Group Berhad (Malaysia)

Main Activities: Agencies, Brokerages, and Other Insurance Related Activities
Full name: Tune Protect Group Berhad Profile Updated: March 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Tune Protect Group Berhad, located in Kuala Lumpur, is a licensed insurer that provides insurance coverage through digital channels. Since its inception in 2011, the company has focused on delivering a simple and convenient customer experience. They offer a range of non-life insurance products, including travel, accident, theft, and calamity protection. The company aims to make insurance accessible and easy to understand, allowing customers to choose the right plans for their needs. Tune Protect Malaysia has a geographically diverse presence in Malaysia, with 16 branches nationwide and a Head Office in Kuala Lumpur. They are supported by dedicated agents, brokers, and direct clients. With support from Tune Group and strategic alliances with AirAsia, Tune Protect aims to become a household name in insurance.

Headquarters
Level 9, Pnb Damansara, No. 19, Lorong Dungun, Damansara Heights
Kuala Lumpur; Federal Territories; Postal Code: 50490

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Website: http://www.tuneinsurance.com

Basic Information
Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2011
Key Executives
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Chairman
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Chief Executive Officer
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Chief Financial Officer
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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13.65%
Subsidiaries
Tune Direct Ltd
100%
Tune Protect Re Ltd (F.K.A. Tune Genre Ltd, Tune Money Genre Ltd)
100%
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net insurance premium revenue
-60.72%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-23.54%
Investments
-95.15%
Receivables
-91.5%
Total equity
0.35%
Net Premiums Earned Trend
N/A
Net Profit Trend
N/A
Return on Equity (ROE)
N/A
Loss Ratio
-81.99%
Underwriting Expenses Ratio
-62.98%

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