News Coronavirus watch23 Nov 2020

Malaysia:Tune Protect reports decreased profits due to pandemic

Tune Protect saw its profit after tax (PAT) for the third quarter of 2020 fall significantly by 66.2% to MYR5.1m ($1.25m), due to a decline in gross written premiums (GWP) and net earned premiums (NEP) owing mainly to the reduction in the travel segment as a result of the COVID-19 pandemic.

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