Thursday, February 22, 2018

Malaysia

Malaysians buying more life insurance online

Malaysians buying more life insurance online

U for Life is investing up to M$5m over the next 12 months in its internet platform.

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Indonesian regulator revokes licence of MAA General

Indonesian regulator revokes licence of MAA General

Its Indonesian operation licence has been revoked with effect from September 3 2015.

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Malaysia to reach 70% life insurance penetration by 2020

Malaysia to reach 70% life insurance penetration by 2020

The country’s life insurance sector is proving resilient to current economic pressures, says MII.

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Malaysia’s CIMB seeks general insurance distributor

Malaysia’s CIMB seeks general insurance distributor

CIMB is looking for insurers to distribute its general insurance products in South-East Asia.

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Weak car sales hurting Malaysia’s general insurance market

Weak car sales hurting Malaysia’s general insurance market

The Malaysian Insurance Institute says the industry is likely to be stagnant through to 2016.

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Investment-linked plans drive take-up rate in Malaysia

Investment-linked plans drive take-up rate in Malaysia

Greater awareness has helped insurance protection in the country to increase 8.1% during the first half of the year.

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Malaysia’s life insurers settle all MH370 claims

Malaysia’s life insurers settle all MH370 claims

The Life Insurance Association of Malaysia has said that a total of M$16.9m was paid to the victims’s families.

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MH370 claims to surface with debris find?

MH370 claims to surface with debris find?

Flaperon found on Reunion Island could be the next step in solving the mystery of the Malaysia Airlines flight.

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Lloyd’s seeks license to operate in Malaysia

Lloyd’s seeks license to operate in Malaysia

World’s specialist insurance market said to be applying for an onshore reinsurance license to operate in Malaysia.

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Allianz Malaysia lowers 2015 growth target

Allianz Malaysia lowers 2015 growth target

CEO Zakri Khir, however, tells reporters that the insurer continues to expect satisfactory growth for 2015.

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Malaysia’s Islamic insurance premiums to grow 18.2% annually

Malaysia’s Islamic insurance premiums to grow 18.2% annually

Takaful projected to reach a market share of 18% of total insurance premiums by 2019, from 10% in 2013.

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Malaysia’s Takaful Ikhlas plans overseas venture by 2020

Malaysia’s Takaful Ikhlas plans overseas venture by 2020

The KL-based Islamic financial protection provider is planning to venture abroad by 2020.

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Malaysia’s BTPN bank seeks life insurance acquisition

Malaysia’s BTPN bank seeks life insurance acquisition

BPTN customers currently covered by separate credit life insurance policies.

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Allianz launches new products targeting PWDs in Malaysia

Allianz launches new products targeting PWDs in Malaysia

Plans to cooperate with NGOs supporting PWDs in distributing the products.

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Malaysia’s Islamic insurers investing more in technology

Malaysia’s Islamic insurers investing more in technology

Takaful operators plan to double the number of Islamic insurance policyholders in five years.

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Zurich Insurance to acquire 75% stake in MAA Takaful

Zurich Insurance to acquire 75% stake in MAA Takaful

Deal subject to approval by Bank Negara and the minister of finance.

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Global insurance fraud further aggravated by technology

Global insurance fraud further aggravated by technology

Insurers and takaful operators posted an estimated loss of MYR760m (US$207m) in 2013.

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Malaysia’s AmMetLife Takaful names new CEO

Malaysia’s AmMetLife Takaful names new CEO

Mohamad Salihuddin Ahmad tasked with enhancing the group’s takaful value proposition to customers.

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Nina Klingspor, Allianz Global Corporate & Specialty

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