TNBX Sdn Bhd, a wholly-owned subsidiary of Tenaga Nasional Bhd, has embarked on a partnership with Allianz General Insurance Company (Malaysia) Berhad (Allianz General) and Anora Agency (Anora) to offer SuriaShield a jointly owned brand by TNBX and Anora Agency, to solar photovoltaic (PV) users in Malaysia.
The Tripartite Collaboration Agreement was signed by TNBX Managing Director Ir. Nirinder Singh Johl, Allianz General CEO, Sean Wang, and Anora CEO, Samuel Soon. As part of the partnership, Allianz General and Anora are to develop and underwrite SuriaShield™ for TNBX, which will be marketed and made available on any channels used by TNBX.
SuriaShield is an affordable residential solar PV insurance that provides comprehensive 360° protection, cashless repair and restoration, and income or savings compensation during system breakdown.
Ir. Nirinder, Managing Director of TNBX, believes that the collaboration is paving the way for a better value proposition to solar PV owners while providing full protection of their PV assets.
“As more people choose solar-powered electricity, there is a growing market for solar insurance. TNBX is continually striving to introduce new solutions to improve customer experience and promote Malaysia’s renewable energy growth,” said Ir. Nirinder.
CEO of Allianz Malaysia Berhad and its subsidiary Allianz General, Sean, believes that the collaboration was an exciting step for the Company as it continues to pursue its goal of becoming a key lever in building a sustainable future.
“As insurers, we have an important role to play in driving the adoption of renewable energy and supporting the desire to convert to solar power. Through our continued partnership with Anora, we can provide comprehensive protection for solar PV owners, and now with TNBX, we have access to yet another platform and the opportunity to serve an exciting new customer base,” said Sean.
“The Tripartite partnership with TNBX and Allianz General is a significant milestone for the solar industry. We are truly honoured and ecstatic to be in partnership with TNBX, a solution provider for renewable energy and energy efficiency, and Allianz General, Malaysia’s largest general insurer, to offer SuriaShield. The rolling out of SuriaShield is timely to cater for existing FIT and increasing NEM take ups and SuriaShield will be the enabler in domestic solar market,” said Anora Chief Executive Officer, Samuel Soon.
In conjunction to the official launch of SuriaShield, TNBX, in collaboration with Anora, is giving free one-year RM10,000 personal accident coverage underwritten by Allianz General to the first 1,000 SuriaShield customers.
To learn more about SuriaShield, visit suriashield.tnbx.com.my/home.