Progressive Insurance Bhd was incorporated on June 8, 1974 and was initially knowns as Sri Bumi Insurance Sdn Bhd. On 7 December 1975, the name Sri Bumi Insurance Sdn Bhd was changed to Progressive Insurance Sdn Bhd. On May 30,1997 the company was converted into a Public Company and the name was changed to Progressive Insurance Bhd.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 96% 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.
Progressive Insurance Bhd was incorporated on June 8, 1974 and was initially knowns as Sri Bumi Insurance Sdn Bhd. On 7 December 1975, the name Sri Bumi Insurance Sdn Bhd was changed to Progressive Insurance Sdn Bhd. On May 30,1997 the company was converted into a Public Company and the name was changed to Progressive Insurance Bhd.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 96% 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.
Progressive Insurance Bhd was incorporated on June 8, 1974 and was initially knowns as Sri Bumi Insurance Sdn Bhd. On 7 December 1975, the name Sri Bumi Insurance Sdn Bhd was changed to Progressive Insurance Sdn Bhd. On May 30,1997 the company was converted into a Public Company and the name was changed to Progressive Insurance Bhd.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 96% 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.