Allianz Malaysia Berhad has established a new branch in Georgetown, Penang, as part of its ongoing efforts to expand its presence in northern Malaysia.
The branch, now situated on Jalan Sultan Ahmad Shah, replaces the company’s previous location on China Street and is designed to improve accessibility and service capacity for both customers and agents.
The newly opened branch occupies a heritage property, offering approximately 9,000 square feet of space across two floors.
The facility includes three training rooms and multiple service counters, with the aim of reducing wait times and providing private consultation areas for policy discussions. Its central location is intended to make it more convenient for clients, with parking facilities available on site.
Sean Wang, chief executive officer of Allianz Malaysia and Allianz General Insurance Company (Malaysia) Berhad, said the relocation reflects the company’s focus on regional development.
“This new branch represents our commitment to growth and accessibility in the northern region, where we currently serve over 800,000 customers,” he said.
He added that the investment in a heritage site is also intended to recognize Penang’s cultural heritage while supporting the company’s Beyond Central Expansion initiative.
The branch opening was officiated by Sean Wang and Charles Ong, CEO of Allianz Life Insurance Malaysia Berhad
Other company leaders present included chief financial officer Giulio Slavich, chief operations officer Andrew Sim, and chief market management officer Amy Loke, among others.
The event was attended by Allianz Malaysia agents, customers, and senior management.
With this new branch, Allianz Malaysia now operates two locations in Penang, joining its Bukit Mertajam branch.
The company’s network consists of 30 One Allianz branches across Peninsular Malaysia, Sabah, and Sarawak, supporting its operations since 2002.
The new Penang branch is located at No. 17A, Jalan Sultan Ahmad Shah, 10050 Georgetown, Penang.
Allianz Trade, the trade credit insurance arm of Allianz in Asia Pacific, has opened its first office in Vietnam, targeting the country’s expanding export sector.
The new office, based in Ho Chi Minh City, will offer trade credit insurance solutions to support Vietnamese companies involved in both domestic and international trade.
Vietnam’s economy has shown consistent growth, with an average annual rate of about 7% before the pandemic and 4.7% between 2020 and 2022.
In 2024, the country’s economic growth reached 7.1%, driven by a recovery in global trade, particularly in electronics.
Allianz Research forecasts Vietnam’s GDP to increase by 6% in 2025 and 6.1% in 2026.
Key industries such as electronics, machinery, and footwear, along with infrastructure investments, are expected to continue supporting the country’s economic trajectory.
Ly Dao has been appointed as country manager for Vietnam, effective September.
Dao is responsible for overseeing business operations, regulatory compliance, and strategic planning.
She also manages relationships with regulators, brokers, banks, and other stakeholders, and promotes trade credit insurance products.
Dao brings over 17 years of experience in the insurance sector, having worked in senior roles at several major firms.
