Sunday, April 22, 2018

Malaysia

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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Takaful Malaysia confirms small exposure in troubled 1MDB

Takaful Malaysia confirms small exposure in troubled 1MDB

Invested in the troubled state-owned 1Malaysia Development Berhad (1MDB) via an Islamic Bond in 2009.

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Malaysia’s AIA names first woman CEO

Malaysia’s AIA names first woman CEO

Anusha Thavarajah to be named as new CEO, taking over from Bill Lisle.

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Bank Negara Malaysia inks IAIS exchange agreement

Bank Negara Malaysia inks IAIS exchange agreement

BNS Governor Dr. Zeti Akhtar Aziz confirmed the development in a statement.

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Generali Asia enters Malaysia after acquiring stake in local insurer

Generali Asia enters Malaysia after acquiring stake in local insurer

Acquisition marks Generali’s entry into the Malaysian non-life market.

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Malaysia’s first Internet insurance platform launched

Malaysia’s first Internet insurance platform launched

Company is confident that the online insurance platform will help increase the life insurance penetration rate in Malaysia.

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Malaysia’s Tune Ins to buy controlling stake in Indonesian insurer

Malaysia’s Tune Ins to buy controlling stake in Indonesian insurer

Acquisition in line to expand insurance business to other markets in Southeast Asia.

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