Saturday, September 23, 2017

Malaysia

Foreign insurers rush to meet Malaysia ownership cap

Foreign insurers rush to meet Malaysia ownership cap

Bank Negara Malaysia wants foreign ownership in local insurance companies to be capped at 70% by June 2018.

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Malaysia’s central bank approves AXA Affin share sale

Malaysia’s central bank approves AXA Affin share sale

Affin Holdings has been given the green light to acquire a 7.07% equity interest in AXA Affin General Insurance.

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Higher profits for Malaysia’s insurance, takaful firms

Higher profits for Malaysia’s insurance, takaful firms

Traditional and Islamic insurers in the country are beginning to see a silver lining after a period of dreary results.

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Lazada, AIG forge online cover deal in Malaysia

Lazada, AIG forge online cover deal in Malaysia

South-East Asia’s biggest e-commerce platform has teamed up with AIG to sell insurance on its platform.

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Malaysia urged to regulate healthcare fees

Malaysia urged to regulate healthcare fees

Authorities have called on industry players to address the issue of escalating inflation of medical insurance.

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Bank Negara on captives

Bank Negara on captives

Governor Muhammad bin Ibrahim gave the keynote address at the Asian Captive Conference 2017 in Kuala Lumpur.

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Foreign insurers in Malaysia pressured to trim shareholdings

Foreign insurers in Malaysia pressured to trim shareholdings

Four companies have until the end of this month to reduce their holdings and divest to local partners in line with new regulations.

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Harness captives responsibly, says Bank Negara governor

Harness captives responsibly, says Bank Negara governor

Muhammad Ibrahim said captives must be seen as supporting and contributing to broader economic transformation and growth.

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Bright future for Malaysia’s general takaful sector

Bright future for Malaysia’s general takaful sector

The industry is forecast to take up a 20% market share in the country’s insurance sector by 2020.

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AIA results boosted by HK and China

AIA results boosted by HK and China

The strong results are the first to be reported under new group CEO Ng Keng Hooi.

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Only 10% of Asian firms prepared for cyberattacks

Only 10% of Asian firms prepared for cyberattacks

Businesses in the region are ill-equipped against and not covered for cyber attacks, says QBE survey.

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Allianz eyes more partnerships in Malaysia

Allianz eyes more partnerships in Malaysia

The company is looking at partnering with up to 10 firms this year to diversify and extend its business in the region.

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More growth in Malaysian insurance sector

More growth in Malaysian insurance sector

The sector is projected to post a high single-digit growth in new business premiums.

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Malaysia reminds foreign insurers of 70% ownership cap

Malaysia reminds foreign insurers of 70% ownership cap

Though the central bank says there are no new rules on foreign ownership in insurance companies.

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Malaysia’s new motor insurance pricing scheme starts

Malaysia’s new motor insurance pricing scheme starts

The insurance industry will see stiffer competition for motor premiums as liberalisation sets in.

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Malaysian insurers to develop digital platform

Malaysian insurers to develop digital platform

The deal will set the foundation for a full-service life insurance and takaful aggregator portal.

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Peak Re approved to open Labuan branch

Peak Re approved to open Labuan branch

The Hong Kong-based reinsurer has been granted approval-in-principle by the Labuan Financial Services Authority.

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Malaysian bank merger to create top general insurer

Malaysian bank merger to create top general insurer

RHB Bank and AmBank are in merger talks to form a US$9bn group and claim the top spot in general insurance.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers