Practical training report: Prudential Assurance Malaysia Berhad (PAMB) / Nor Nabilah Mansor

Prudential Assurance Malaysia Berhad (PAMB) was established in Malaysia in 1924. For the financial year ended 31 December 2014, it achieved RM 1.12 billion in new business annual premium equivalent (APE). New business sales include both life insurance sales and Takaful contributions. Takaful products distributed by PAMB’s Wealth Planners and agents are underwritten by Prudential BSN Takaful Berhad. As a leading and innovative insurer, PAMB serves the savings, protection and investment needs of Malaysians by offering a full range of financial solutions through its 45 branches and banc assurance distribution partners network nationwide. With more than 1,500 employees, PAMB is committed to helping people achieve their hopes and dreams for a brighter and financially secure future. PAMB is an indirect wholly owned subsidiary of UK-based Prudential plc. Established in London in 1848, Prudential plc is incorporated in England and Wales, and its affiliated companies constitute one of the world's leading financial services groups. It provides insurance and financial services through its subsidiaries and affiliates throughout the world. Prudential plc has been in existence for 167 years, and has £496 billion in assets under management as at 31 December 2014.