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About Us
HISTORY
 

Our Group, which consists primarily of the general insurance business under MPI Generali Insurans Berhad (“MPI Generali”), was formed by the demerger of the MPHB Group into 2 listed entities.

The key milestones of our insurance business are as follows:

Year

Key milestones

1973
  • MPIB was incorporated under the name of KSM Insuran Berhad which was granted a licence under the Insurance Act 1963 to underwrite general insurance products.
1979
  • Our general insurance business opened its first branch in Ipoh, Perak.
1995
  • Kompas Insurans Bhd was renamed under its present name.
  • Our credit business was acquired by MP Capital
1997
  • MPIB was granted a general insurer’s licence under the Insurance Act by the MoF to carry out general insurance business.
2000
  • MPHB Group implemented an internal restructuring which saw the entry of new major shareholders which included Tan Sri Dato’ Surin.
2002
  • MPIB shifted its focus to beyond the MPHB Group.
2003
  • MPIB was selected to participate in the Petronas oil and gas insurance programme which covers off-shore and on-shore project assets as well as liability risks.
2011
  • MPIB entered into a ‘bancassurance’ arrangement with Alliance Bank Malaysia Berhad to sell its insurance products and schemes to Alliance Bank Malaysia Berhad’s customers.
2012
  • MPIB was appointed as an insurance provider by POS Malaysia, the country’s provider of mail services, that has an extensive network of more than 700 post offices and 300 POS-Mini outlets nationwide.
2013
  • Pursuant to the demerger of MPHB, the general insurance and credit businesses as well as the property related investments of MPHB were consolidated under our Company and listed on Bursa Malaysia Securities Berhad on 28 June 2013.

 
 
 
 
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