Initiative Sets Blueprint For Future Collaborations With Social Enterprises -Providing Affordable Insurance Solutions To Marginalised Communities

KUALA LUMPUR,MALAYSIA - Media OutReach - 28 May 2019 - MSIG Insurance (Malaysia)Bhd "(MSIG Malaysia)", Malaysia's second largest fire insurer, has designed a fire insurance packagespecifically created for the Orang Asli homes built by Epic Homes. It is MSIG Malaysia'sfirst-ever partnership with a Social Enterprise. Epic Homes provides a platformfor sponsors to fund homes for the Orang Asli and for people from differentwalks of life to work together to raise living standards for marginalised OrangAsli communities, bridging the urban and rural divide. Epic Homes has so farbuilt over 140 homes around Malaysia.

To ensureMSIG Malaysia understood Epic Homes' building eco-system, 33 employees weresent to experience a home build first hand. By working closely with Epic Homes onthe ground, MSIG Malaysia gained an understanding of Epic Homes' operations andinsights into the potential risks and insurance needs of the three mainstakeholders involved -- protecting the work of the Social Enterprise, the OrangAsli homeowner, and the sponsorship of the building cost by generous corporate/ individual sponsors. The experience enabled MSIG Malaysia to design adedicated fire insurance package to ensure the sustainability of the Orang AsliHomes built by Epic Homes.

Epic Homes is now offering the dedicated insurancepackage to corporate sponsors and partners, including those who assisted in theconstruction of its first 136 Orang Asli homes -- enabling them to sponsor theinsurance for these homes that are currently uninsured. Epic Homes is encouragingpartners to help fund the fire insurance package on all upcoming homes, therebycontributing to the longevity and sustainability of these projects, whilegiving the Orang Asli residents the peace of mind that insurance gives toregular home owners.

Mr.John-son Oei, Founder and CEO of Epic Homes, said "We are very happy to beworking with MSIG Malaysia who share our vision of developing community-basedhousing solutions for the Orang Asli communities. All our partners bringsomething different and valuable to the table and so has MSIG Malaysia.This bespoke fire insurance product, will make our projects more sustainableand assuring to our sponsors - which ultimately benefits the Orang Asliresidents too."

Mr. Chua Seck Guan, Chief Executive Officerof MSIG Malaysia, said, "We are delightedto be working with Epic Homes on this very meaningful  project and have learned a lot from it. The experiencefrom this project has allowed us to create this unique Fire insurance productfor marginalised communities. We are open to extend this fire insurance productto any other Social Enterprise / NGO who may work on similar models inproviding houses, schools or any buildings that serve the under-served."

Mr.Chua Seck Guan continued, "As one of Malaysia's leading fire insurers, it waswonderful to be able to team up with Epic Homes to create this dedicatedinsurance package. Building safer homes for the marginalised is a goal that isclose to our hearts, so the team behind this project had a great sense ofpurpose and drive. As a result of their work, Epic Homes and their sponsors cannow deliver safer homes for families who may not have the means to achieve thisthemselves. This is also perfectly aligned to the United Nations SustainableDevelopment Goals (SDG 11) -- Sustainable Cities and Communities initiativewhich MSIG Malaysia fully support."

About MSIG Insurance (Malaysia) Bhd

MSIGInsurance (Malaysia) Bhd ("MSIG Malaysia") is a subsidiary of MitsuiSumitomo Insurance Company, Limited and a member of MS&AD Insurance GroupHolding, Inc. (MS&AD), one of the top ten** general insurers in the world.

With over100 years of general insurance experience and a nationwide network of 20branches in Malaysia, MSIG Malaysia is one of the leading general insurers inFire, Engineering and Motor classes and No.1* in Marine Cargo, offeringextensive range of products and services for personal and business needs.

MSIG Malaysia'sexpertise has been recognised through its receipt of many prestigious awards.These have included the 2018 "Outstanding Property and Casualty Insurer inMalaysia" award* in the InsuranceAsia News Awards for Excellence. MSIG Malaysiawas commended for leading the market with strong financial growth, investmentin product innovation, enhanced digital capabilities in business and claims managementsystems and strong customer service proposition. Our commitment to customerservice excellence also earned MSIG Malaysia the "General Insurance Company ofthe Year" at the Asia Insurance Industry Awards in 2015, recognising itsefforts in enhancing the customer experience and industry leadership inEnterprise Risk Management

Formore information on MSIG Malaysia, visit www.msig.com.my orfacebook.com/MSIGMalaysia.

*As ofDec 2018

**FortuneGlobal 500, 2018.