KUALA LUMPUR, Malaysia – 25 March 2015 – Manulife Insurance Berhad and AIG Malaysia Insurance Berhad have signed an official Memorandum of Understanding to market each other’s products via each party’s network of agents.
Through this partnership, the agency channel for both companies will benefit from an integrated and unified service offering, while providing customers with a broad range of life and general insurance products and services.
This strategic alliance marks a significant milestone for Manulife and AIG. It plays an integral role in enhancing both party’s agents’ distribution capability and market diversification.
“I see this relationship as being highly complementary, especially to facilitate the professional development of agents in both companies. This partnership allows us to work more closely together and reach our common goal of being able to offer clients a wider suite of wealth, life and general solutions through professional advisory,” said George Chew, Chief Executive Officer of Manulife Insurance Berhad.
As part of the MoU, a series of training and development programmes will be conducted to equip and support both Manulife and AIG agents. This is to ensure excellent quality of service to clients.
“We are excited to partner with Manulife to enhance an important service channel for AIG. This partnership allows agents from both organizations to leverage our global expertise and network. In turn, customers will benefit from a wide range of insurance solutions to cover their growing needs and most importantly, best-in-class service,” said Antony Lee, Chief Executive Officer of AIG Malaysia Insurance Berhad.
The first batch of Manulife and AIG agents are expected to complete their training and start representing each other’s products in May 2015.
About Manulife Malaysia
Manulife Holdings Berhad is part of Canada-based Manulife Financial Corporation. Through its subsidiary companies, Manulife Malaysia offers an innovative range of financial protection, health and wealth management products and services to meet different customer needs. Manulife Malaysia currently serves the needs of over 357,000 policyholders and wealth management customers. Manulife Holdings Berhad has been listed on the Main Board of Bursa Malaysia since 1984. As at March 31, 2014 its assets under management were over RM6.8 billion. Manulife Malaysia can be found on the Internet at manulife.com.my.
About Manulife Financial
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers’ significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Assets under management by Manulife and its subsidiaries were approximately C$691 billion (US$596 billion) as at December 31, 2014.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife can be found on the Internet at manulife.com.
American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide propertycasualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: www.linkedin.com/company/aig. Information about AIG Malaysia can be found at www.aig.my| Facebook: www.facebook.com/aigmy
Manulife Insurance Berhad
Tel: (03) 2719 9228 (ext 541)
Fax: (03) 2094 8139
AIG Insurance Malaysia Berhad
Tel: (03) 2118 0013
Fax: (03) 2118 0128