Malaysian Re reports US$23.8m net profit in H1 FY 2024
November 21 2023 by Kristina Shperlik
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Malaysia’s general insurance, takaful funds 2023H2 operating profits up 46%
- March 21
Higher premium growth in the motor segment and continued improvements in risk-based pricing have bolstered the sector's H2 operating profit. But for full year of 2023, operating profits rose by just 3.2% year-on-year.
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New capital norms to drive consolidation in Indonesia’s takaful and retakaful sector: Fitch
- February 22
Almost half the companies will have to raise capital to meet the requirement by end-2026 based on their latest equity levels, and almost two-thirds of them by end-2028, as capital generated through growth is unlikely to be sufficient, the rating agency said.
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Zurich, Etiqa among insurers bidding for Selangor takaful scheme
- March 17
Four insurers, including Takaful Ikhlas and Takaful Malaysia, have applied to manage the accident insurance scheme that will cover six million residents.
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General takaful outpaces conventional market in Malaysia: report
- February 20
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
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FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
