Wednesday, September 20, 2017

Malaysia

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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Allianz Malaysia approved to buy HSBC Amanah Takaful

Allianz Malaysia approved to buy HSBC Amanah Takaful

Negotiations between all parties are expected to be concluded within the next six months.

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Malaysia probes insurers for anti-competitive practices

Malaysia probes insurers for anti-competitive practices

Several firms are under investigation over price-fixing in the motor vehicle repair industry.

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Malaysia’s insurance sector fails to meet expectations

Malaysia’s insurance sector fails to meet expectations

Though the sector did expand at an annual 13.3% growth rate until 2010, in recent years it has remained flat.

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Takaful Malaysia posts 30% profit jump

Takaful Malaysia posts 30% profit jump

Higher sales in family and general takaful businesses, as well as wakalah fee income, fuelled a 30% increase.

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Allianz Malaysia looking for strategic partners

Allianz Malaysia looking for strategic partners

The insurer is open to new deals as its bancassurance agreement with CIMB is set to end next year.

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Lloyd’s seeks reinsurance licence in Malaysia

Lloyd’s seeks reinsurance licence in Malaysia

Chairman John Nelson is hopeful that Bank Negara Malaysia will approve the application by November.

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SUMMER 2017

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