Allianz Malaysia Berhad : General partners Howden to underwrite first bicycle insurance in Malaysia

Allianz General Insurance Company (Malaysia) Berhad (Allianz General) today announced its partnership with Howden, the international insurance broker, to provide cyclists with the first-in-market Bicycle Insurance.

While cycling has an avid following in Malaysia, cyclists have long lamented the lack of insurance protection against accidents or theft.

Allianz General and Howden's comprehensive bicycle insurance offers protection against accident/crash damage, theft, and coverage of accessories and specified add-on parts. Moreover, Allianz is also offering the Allianz Shield Plus personal accident insurance as part of the coverage that will cover Accidental Death, Permanent Disablement, Snatch Theft or Attempted Snatch Theft, medical expenses as well as other Optional Benefits.

Allianz General Chief Executive Officer Sean Wang revealed that the Company is excited to embark on its partnership with Howden to serve the protection needs of cyclists in Malaysia.

"Malaysia has such a vibrant cycling community, and what was missing was an insurance solution that looked after the cyclist and their ride. In Howden, we found a distribution partner that ticked all the right boxes, and we are very excited to work together and be able to offer meaningful protection for our customers," said Sean, who is also Chief Executive Officer of Allianz Malaysia Berhad.

Jeffrey Chan, CEO, Howden Malaysia, said: "Howden's focus is to provide clients with the service and choice they need to face the risks of today and tomorrow. We are thrilled to collaborate with Malaysia's leading insurance operators, Allianz General, to bring to the market this specialised insurance solution for cyclists to enhance their cycling experience."

To learn more or purchase Bicycle Insurance, please visit instapol.my/bike