Country: Malaysia Page 1 / 19
- March 17 2023
Zurich, Etiqa among insurers bidding for Selangor takaful scheme
Four insurers, including Takaful Ikhlas and Takaful Malaysia, have applied to manage the accident insurance scheme that will cover six million residents.
- March 15 2023
Claims pile up from Malaysia flood losses as unseasonal rains continue
Loss adjusters have seen hundreds of claims, while agriculture damage already exceeds the overall losses in the state of Johor for 2022.
- March 8 2023
PIAM issues climate change warning amid serious Johor flooding
As severe flooding moves beyond the monsoon season, there is demand for a government-supported flood scheme through a public-private partnership.
- March 3 2023
Lexasure plans regional (re)insurance expansion after US$250m SPAC deal
The group, which owns broker Acurra International, Front Street Re and the Archipelago Group, is expected to start trading on Nasdaq later this year.
- February 23 2023
Tune Protect’s COR deteriorates to 107.6%, GWP increases 36%
In FY 2022, the Malaysian insurer recorded its highest gross written premium since 2013 at US$128m.
- February 20 2023
General takaful outpaces conventional market in Malaysia: report
Islamic insurance grew 10.3% between 2017 and 2021 while the broader P&C market grew only 0.6% in the same period.
- February 16 2023
Elizabeth Gill joins Sedgwick as Malaysia marine general manager
Gill has over four decades experience including the handling of many major and complex claims in marine cargo.
- February 9 2023
Hannover Re cuts APAC premium volume by 21.6% in 1.1 renewals
The German reinsurer cut back on proportional treaty in Malaysia and China, but XOL premiums filled some of the void.
- January 26 2023
Malaysia’s market braces for claims amid severe floods
Over 12,000 people have been displaced by significant flooding in Johor, Sabah and Pahong.
- January 17 2023
Domestic market dynamics reshape Asean renewals
While rating downgrades shook up Indonesia, carriers sought ‘payback’ for Malaysian floods.
- January 9 2023
Malaysian Re’s India, MENA performance help mitigate 2021 domestic flood hit
AM Best has affirmed the Asean reinsurer's rating of A- (Excellent) with a stable outlook.
- December 16 2022
Santam retains India, Malaysia operations following Sanlam-Allianz deal
The African financial services group holds a 23% stake in India's Shriram General Insurance and 49% of Malaysia's Pacific & Orient Insurance.
- December 15 2022
Malaysian Re’s strong capital buffer offsets underwriting losses
Fitch affirmed the Asean reinsurer's A (strong) rating in terms of its financial strength with a stable outlook.
- December 13 2022
Affin sees February 2023 completion for Malaysia Generali mergers
Affin will own 30% of a larger business following the completion of the merger of the three businesses.
- December 12 2022
Marsh promotes Chou Sean Chong to Malaysia CEO
Chou takes over from CB Lim, who will move to a new role as chief client officer in the new year.
- December 9 2022
Covid restrictions help Lonpac improve COR: AM Best
The general insurer posted a five-year average combined ratio of 66.1%.
- December 9 2022
Etiqa’s five-year average COR at a ‘strong’ 87%: AM Best
The Malaysian general insurer's performance is driven by low net losses in core lines and strong reinsurance commission income.
- December 1 2022
FWD launches Malaysia insurtech fund
The US$10m fund will invest in emerging start-ups in the insurtech and Islamic fintech space.
- December 1 2022
Generali’s Rob Leonardi eyes leading market position in Malaysia
As the insurer triples its regional P&C revenue, it is also in advanced talks to find new Indian JV partners.
- November 28 2022
Bank Negara Malaysia to invite bids for digital insurer licences
The central bank will issue up to five licences after the regulatory framework is finalised next year.