KUALA LUMPUR, June 16 — Tune Protect Group Berhad kicked off its financial year with a robust first quarter, reporting a Profit After Tax (PAT) of RM7.4 million — a dramatic turnaround from a RM3.9 million loss in the same period last year. The performance was driven by a 100% YoY growth in net insurance service result, improved claims experience in Motor and Fire segments, and a reduced combined ratio of 93.4%.
Group CEO How Kim Lian credited the improvement to better underwriting practices and strong momentum in the travel insurance segment. Despite a slight 6.5% dip in insurance revenue, the Group’s travel portfolio recorded a 22% YoY increase, boosted by strategic digital partnerships and regional expansion into markets like Zambia, Pakistan, and Sri Lanka.
Enhanced offerings, including the Delay Lounge Pass and new travel innovations such as Baggage Shield and Flight Watcher, underscore Tune Protect’s shift toward customer-centric, tech-enabled services. The Group aims to sustain growth through continued geographic expansion, portfolio optimisation, and the rollout of new insurance solutions tailored to evolving consumer needs.
