Thursday, November 23, 2017

Malaysia

Swiss Re Corporate Solutions opens KL office

Swiss Re Corporate Solutions opens KL office

The office will function under a Labuan FSA reinsurance licence and will be led by Juerg Stoll.

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Penalty against 22 insurers in Malaysia not final

Penalty against 22 insurers in Malaysia not final

The Malaysia Competition Commission has said the general insurers still have 30 days to appeal their case.

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Regulations to alter Malaysia’s life insurance industry

Regulations to alter Malaysia’s life insurance industry

Bank Negara Malaysia’s upcoming regulatory changes will make it tough for part-time insurance agents to survive.

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Malaysia’s takaful industry posts double-digit growth

Malaysia’s takaful industry posts double-digit growth

The Malaysian Takaful Association says 2016 represented another year of good growth for Islamic insurance.

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Malaysia crafts new privacy rules for banks, insurers

Malaysia crafts new privacy rules for banks, insurers

The act aims to protect data privacy and security by laying down codes of conduct in specific industries.

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Malaysia market tipped to post higher growth in 2017

Malaysia market tipped to post higher growth in 2017

Hopes are high for the industry to post better growth this year as consumer confidence improves.

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ACR completes acquisition of Malaysia units

ACR completes acquisition of Malaysia units

The consolidation is part of a long-term strategy to enhance the operational efficiency of the ACR group.

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Allianz and StanChart sign 15-year bancassurance deal

Allianz and StanChart sign 15-year bancassurance deal

The agreement gives access to the bank’s retail clients in Hong Kong, Singapore, Malaysia, Indonesia and China.

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Positive outlook for Malaysia’s Islamic insurance sector

Positive outlook for Malaysia’s Islamic insurance sector

In the first quarter of 2016, family takaful grew by 9.8% while general takaful grew by 5.8%.

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Berkshire enters Malaysia’s non-life reinsurance market

Berkshire enters Malaysia’s non-life reinsurance market

The Labuan licence adds to the company’s existing presence in Singapore, Hong Kong and Macau.

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Malaysian insurers ready payments for flood losses

Malaysian insurers ready payments for flood losses

The country’s insurers are prepared to meet claims as seasonal flooding has displaced thousands of people.

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Employers oppose Malaysia’s health insurance system

Employers oppose Malaysia’s health insurance system

The Malaysian Employers Federation (MEF) says the proposed system will be a burden to employers.

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Etiqa Takaful inks partnership deal with Pos Malaysia

Etiqa Takaful inks partnership deal with Pos Malaysia

The insurance and takaful business of Maybank has sealed a deal with Malaysia’s postal delivery service provider.

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Malaysia’s life market continues strong growth

Malaysia’s life market continues strong growth

The gross sum assured for all new individual policies went up 25% in the first three quarters of the year.

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Etiqa to acquire majority stake in Indonesian insurer

Etiqa to acquire majority stake in Indonesian insurer

The deal with general insurer Asuransi Asoka Mas will provide Etiqa with access to Indonesia’s untapped market.

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IHH Healthcare sells PCH stake to Chinese insurers

IHH Healthcare sells PCH stake to Chinese insurers

TK Healthcare Investment will buy a 29.9% stake in IHH’s Chinese hospital and clinic operator.

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Hong Leong calls off talks to sell insurer stakes

Hong Leong calls off talks to sell insurer stakes

After failing to reach a deal with any of the potential buyers, the group abandons the sale.

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Negotiations extended for sale of Felda’s AXA Affin stake

Negotiations extended for sale of Felda’s AXA Affin stake

Talks between Affin and the state-run planter’s stake will be allowed to extend for another three months.

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Zainudin Ishak, Malaysian Re

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