KUALA LUMPUR: Insurer LPI Capital Bhd remains cautiously optimistic of its business prospects during the financial year 2016, while expecting more headwinds to come in the near future.
Its chairman, Tan Sri Dr Teh Hong Piow, said the group expected to face more headwinds in the near future, with impending liberalisation and greater pressures being exerted on the group’s operating conditions and profitability.
“However, we remain confident in our strategies and emphasis on sustainability and organic growth.
“We will continue to be selective on risk acceptance and maintain our posture of prudence,” he said during LPI Capital’s annual general meeting here today.