Tune Protect Group Bhd.
MMYX:TUNEPRO0.22
MYR
+0.00
(-2.22%)
ISIN
MYL5230OO007
Return %
Stock
S&P 500
1Y
-34.33
14.20
3Y
-46.34
81.12
5Y
-55.56
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Kim Lian How
- Full Time Employees
- 448
- Sector
- Finance
- Industry
- Life/Health insurance
- Address
- Damansara Heights Kuala Lumpur WP Malaysia 50490
- IPO Date
- Jan 23, 2013
- Website
- tuneprotect.com
- Similar Companies
- Business
- Tune Protect Group Berhad operates as a digital insurance company specializing in non-life insurance products and services primarily in Malaysia, Thailand, and the United Arab Emirates. The company offers a comprehensive range of tailored insurance solutions including travel insurance; motor and fire insurance; personal accident and health insurance; critical illness coverage; marine cargo insurance; home and property insurance; gadget and sports insurance; and protection plans for pets and students studying abroad. It also provides specialty products such as flexible life insurance solutions with virtual assistant support and innovative travel-related value-added services like the Delay Lounge Pass, which offers airport lounge access during flight delays using real-time flight monitoring technology. The group operates through various subsidiaries including Tune Protect Malaysia, Tune Protect Thailand, and joint ventures in the Middle East and Labuan, and distributes its products via airline partnerships, travel agencies, online brokers, and platforms like AirAsia. Founded in 2011 and headquartered in Kuala Lumpur, Malaysia, Tune Protect Group Berhad has recently pursued strategic growth with a strong focus on expanding its travel insurance segment and global footprint. Key initiatives include the expansion of airline travel agent partnerships in Thailand, China, and Southeast Asia; launching new digital insurance platforms and products such as ticket refund insurance in collaboration with Ticket2U; and enhancing service innovations to improve customer experience including hassle-free instant travel claims payout. The Group has rolled out the Delay Lounge Pass across multiple Asian markets with plans to extend beyond Asia, providing customers with convenience and comfort during travel disruptions. It has also partnered with bolttech Insurance to introduce exclusive travel insurance offerings on AirAsia platforms in Hong Kong. Operational improvements and a digital transformation roadmap underpin the company’s growth strategy, aiming for harmonized claims experience and supporting sustainability efforts with a net zero roadmap by 2050. Tune Protect serves a diverse customer base ranging from individual consumers to corporate clients, focusing on lifestyle insurance solutions that blend convenience with technology-driven enhancements. The Group’s strategic alliances with leading airlines and online travel agencies, along with its unique reinsurance model involving multiple local underwriters, position it as a leader in non-life digital insurance services in its operating regions. In 2024 and early 2025, Tune Protect reported strong profitable growth driven by improved claims experience, expense management, and expanding revenue streams beyond traditional insurance through new travel-related services and partnerships. This comprehensive portfolio and ongoing innovation affirm Tune Protect Group Berhad’s role as a dynamic insurer within the Asia-Pacific insurance and travel space.