Progressive Insurance Berhad

Progressive Insurance Bhd is an established general insurance company in Malaysia, which was initially incorporated as Sri Bumi Sdn Bhd on 8 June 1974 based in Sarawak.

We subsequently rebranded and renamed as Progressive Insurance Sdn Bhd on 7 December 1975, and expanded our business operations nationwide, including Peninsular Malaysia, Sabah and Sarawak. Progressive Insurance Sdn Bhd relocated headquarters strategically to Kuala Lumpur in 1982, to serve our clients more effectively.

Our financial equity was significantly strengthened after Permodalan Bumiputra Sabah Berhad and Sabah State Government became major shareholders of the Company between years of 1987 to 1989. On 30 May 1997, Progressive Insurance Sdn Bhd successfully converted as public company and renamed as Progressive Insurance Bhd.

With total paid-up capital of RM100 million and a dynamic team of people, Progressive Insurance Bhd ready to grow in vibrant Malaysian insurance industry.

COMMITMENT TO SERVE

With extensive experience in managing wide variety of risks and strong support from our expanding list of panel reinsurers, Progressive Insurance Bhd is ready to assist our clients to mitigate any potential risks.

The growing list of satisfied clients, which includes many high-profiled and large corporates, has shown our commitment in providing excellent service to our clients and assists them to achieve their goals.

ur Mission

In our quest to become the most productive and efficient insurance company:

• We shall continuously strive to meet the needs of the customer
• We recognize people are our assets and are committed to train, motivate and reward them
• We shall continuously endeavor to improve our services and work processes to provide excellent quality customer orientated services
• We shall maximize profits through the efficient management of our assets and liabilities to generate high returns to our shareholders as well as strengthen our company’s position in the Malaysian insurance industry.

Vision

To be the preferred, reliable and trusted insurer