Etiqa

Etiqa is the insurance and takaful business of the Malaysian banking group Maybank. It offers life and general insurance as well as family and general takaful products through its 14,000 agents, 30 dedicated branches and 450 Maybank branches using the bancassurance model. Etiqa Insurance is one of the top conventional insurers in Malaysia by gross premiums written; while Etiqa Takaful is the takaful market leader with 47 percent and 21 percent market shares in general and family takaful resepectively in 2014.

Maybank's enlarged insurance arm was formed via the acquisition by Mayban Fortis (the then insurance holding company of Maybank) of MNI Holdings Berhad (whose subsidiaries included Malaysia National Insurance and Takaful Nasional) from Permodalan Nasional Berhad (PNB) and Skim Amanah Saham Bumiputera (a unit trust managed by PNB) in 2005. PNB/ASB is also the majority shareholder of Maybank. MNI was incorporated in 1973 and listed on the Kuala Lumpur Stock Exchange in 1981. In 2007, the combined business was rebranded as Etiqa.