Pacific & Orient Insurance Co. Berhad (“POI”) was incorporated on 7 August 1972 in Malaysia under the then Companies Act 1965 as a private limited company. It is licensed under the Financial Services Act 2013 (Act 758) as an approved insurer. Today, P&O transacts all classes of general insurance business in Malaysia including auto assist insurance, marine insurance, construction insurance, international travel insurance and many more.
On 8 March 1995, P&O entered into a Sale and Purchase Agreement with the shareholders of Pacific & Orient Berhad (“POB”) for the disposal of the entire issued and paid-up share capital of P&O comprising 8,729,000 ordinary shares of RM1.00 each thereby resulting in P&O becoming a wholly owned subsidiary of POB, a company listed on Bursa Malaysia Securities Berhad. POB is an investment holding company with diversified business interests which include financial services and information technology services.
Subsequently, POB had on 17 May 2013, sold 49,000,000 (49%) shares of RM1.00 each from its shareholdings to Sanlam Emerging Market Proprietary Limited (“SEM”).
Sanlam is a leading diversified financial services group, originally established as a life insurance company in 1918 and listed on the Johannesburg Stock Exchange (JSE) Limited (primary listing) and Namibian Stock Exchange (secondary listing) in 1998. The head office is in Bellville, near Cape Town, in South Africa.
The SEM cluster is responsible for Sanlam’s financial business services (life assurance, general insurance and asset management) in emerging markets outside South Africa. SEM has businesses in Botswana, Namibia, Malawi, Kenya, Tanzania, Zambia, Ghana, Nigeria, Uganda, India and Malaysia and has an indirect presence via our associate companies in The Gambia, Mozambique, Rwanda, South Sudan and the Philippines.
P&O is principally involved in the general insurance business in Malaysia and is a registered insurer under the Financial Services Act 2013. P&O is active in underwriting all classes of general insurance but specialises in motor insurance. In order to know more about P&O’s products, view the online information on this website. Details regarding personal accidents, property, motor claim, international travel insurance and others are available on this website.