Tune Protect accelerates diversification strategy

TheStar Wed, Aug 05, 2020 09:00am - 3 years View Original


In a statement yesterday, the company said it will also be seeking additional partnerships in Asean, particularly in Vietnam and Indonesia, as well as the Middle-East, to ease the impact of the pandemic on the general insurance and reinsurance business.

PETALING JAYA: Tune Protect Group Bhd is accelerating its diversification plan across products, partners and channels and focusing on more lifestyle and on-demand solutions that will address the new needs of consumers in the wake of the Covid-19 pandemic.

In a statement yesterday, the company said it will also be seeking additional partnerships in Asean, particularly in Vietnam and Indonesia, as well as the Middle-East, to ease the impact of the pandemic on the general insurance and reinsurance business.

“The company’s overall revenue has been affected, especially in the travel protection business with the closure of international borders and airlines temporarily hibernating their fleet.

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