|Our Malaysian Origin|
|WILLIS (MALAYSIA) SDN BHD is a
registered Insurance Brokers and Consultants licensed under Section 17 of the
Insurance Act 1996 and Section 37(1) of the Takaful Act 1984. The Company was
incorporated in 1976 and restructured in 1985 and again in 1991 with 70% local
equity, which was majority-held by a state corporation and 30% balance held by
Willis Group. In July 2009, approval was received from the relevant Government
Authorities for Willis Group to acquire additional shares. This resulted in a
major shareholders change. The current Equity shareholding is 51% Bumiputra
Individual and 49% Willis Group.
The Company is also registered as a Bumiputra Company with the Ministry of Finance Malaysia and continue to vigorously emphasize and work towards the realization of the Government’s aspirations to improve the socio-economic status of Bumiputra and ultimately towards the fulfillment of National Aspiration to be a developed nation by year 2020.
Willis Group provides the opportunity for Willis Malaysia to be involved in the insurance programmes of larger and more sophisticated industrial, inspace, oil and gas, aviation and marine risks. It also provides for the transfer of the latest insurance innovations and products (as well as technical knowledge) across all classes to its 100% Malaysian staff (numbering 65 as at Dec 2011).
Willis Malaysia has made tremendous progress from handling a premium portfolio of RM11 million in 1991 to its present top three in the country handling a premium portfolio of RM348.500 million in 2010. We expect to achieve a premium of more than RM350 million for the year 2011.