Its managing director and chief executive director Captain KH Chia said the country's largest motor insurer aspires to have a balanced portfolio in "one to two years".
The beefing up of non-motor business is part of Kurnia's re-organisation that will see motor contribution falling from about 80 per cent of the group's revenue currently.
For the financial year ending June 30 2008, 84 per cent of Kurnia's RM288 million gross premiums came from motor policies.
Kurnia, has an overall market share of over 20 per cent in the motor insurance industry.
It recorded a net loss of RM301.78 million for the financial year ended June 30 2008, mainly due to an increase in its technical reserves and a reduction in total investment income.
Yesterday, Kurnia re-launched its enhanced Kurnia Auto Assist (KAA) service based on the deployment of 'KAA Riders' on motorcyles in the Klang Valley.
The riders will arrive at the breakdown scene within 30 minu-tes to carry out repairs if possible.
The KAA Riders is a pilot project servicing the Klang Valley and will be introduced to other larger towns next year.
Kurnia also re-launched its enhanced Kurnia Express, the five-year-old claims service.
The service enables comprehensive motor policyholders to immediately settle their claims, either by cheque or the direct deposit of cheque for own damage claims, amounting to RM3,000.
EMAIL
PRINT
CURRENCY CONVERTER
