Progressive Insurance

Progressive Insurance is an established company with firm roots in the Malaysian insurance industry. Initially incorporated as Sri Bumi Insurance Sdn Bhd on June 8, 1974 and based in Sarawak, the company was re-named Progressive Insurance Sdn Bhd on December 7, 1975. It subsequently expanded nationwide to include Peninsular Malaysia as well as Sabah and Sarawak in its area of operations. The company was converted to a Public Company on May 30, 1997 and the name was changed to Progressive Insurance Bhd.

1982 saw the company relocate its headquarters to Kuala Lumpur to establish a firmer foothold and enable it to compete more effectively with the bigger names in the fast-growing industry. The company's financial equity was significantly strengthened as well - first with Permodalan Bumiputra Sabah Berhad, a state-owned company, becoming a major shareholder in 1987 and then later with the Sabah State Government, in 1988 - 1989, becoming the controlling shareholder of the company.

Progressive Insurance today is a stable and financially-sound entity. The 94% stake that the Sabah State Government and Permodalan Bumiputra Sabah Berhad jointly have in the company, plus its own steady growth over the years have helped realize this.
 
With a total paid-up capital of RM100 million and a dynamic team of people behind it, Progressive Insurance stands ready to take full advantage of the growing potential of the vibrant Malaysian insurance industry.

Products:

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• Motor
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• Houseowner/Household on Building & Content
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• Personal Accident (PA)
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• Hospital & Surgical-Progressive Care
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Services:

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• Claims
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• ePayment
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