RHB Insurance expects premiums to surpass RM100mil this year

KUALA LUMPUR: RHB Insurance Bhd’s health insurance gross written premiums are expected to surpass RM100mil this year, up from RM53mil in the first half of this year.

Managing director/chief executive officer (CEO) Kong Shu Yin said the target would be reached by leveraging on digital technology, including establishing a partnership with healthcare online application – BookDoc.

“By leveraging on digital technology, RHB Insurance intends to expand its health insurance portfolio as the third major revenue steam in addition to our highly successful fire and motor insurance portfolios,” he said.

He was speaking to reporters after signing the the partnership agreement with BookDoc founder/CEO Datuk Chevy Beh here yesterday.

BookDoc is a home-grown healthcare tech- nology start-up which has partnered over 50 retailers and health service providers from 12 countries. It offers users who achieve an average-daily-step threshold and targets with discounted products and services on a monthly basis.

Kong said with the BookDoc partnership, it would not only help promote the company’s insurance products but also encourage customers to live a healthier lifestyle.

“This will allow us to insure a healthier customer at a lower premium, and of course, to reduce the medical claims,” he said. Kong said RHB Insurance had doubled its market share in health insurance segment and become the fourth largest health insurer among general insurers, up from the eighth position two years ago.— Bernama