Country: Malaysia Page 16 / 21
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- July 3 2017
Malaysia’s new motor insurance pricing scheme starts
The insurance industry will see stiffer competition for motor premiums as liberalisation sets in.
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- June 26 2017
Malaysian insurers to develop digital platform
The deal will set the foundation for a full-service life insurance and takaful aggregator portal.
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- June 14 2017
Peak Re approved to open Labuan branch
The Hong Kong-based reinsurer has been granted approval-in-principle by the Labuan Financial Services Authority.
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- June 5 2017
Malaysian bank merger to create top general insurer
RHB Bank and AmBank are in merger talks to form a US$9bn group and claim the top spot in general insurance.
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- May 25 2017
Tokio Marine to pare down stake in Malaysia business
The move is part of Bank Negara Malaysia’s ruling for foreign insurers to cut their stake to 70% in local life insurers.
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- May 24 2017
Malaysian liberalisation could raise penetration rate to 75%
The insurance and takaful penetration rate in the country has ranged between 54% and 56% over the last five years.
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- May 23 2017
Foreign insurers eyeing up Syarikat Takaful Malaysia
A number of foreign insurers have reportedly expressed interest in acquiring the takaful operator.
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- May 22 2017
U Mobile, Sun Life ink insurance deal
The partnership represents the first time any Malaysian telco has offered life insurance to its customers.
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- May 18 2017
Asian captive market offers room for growth
Asian corporations are starting to appreciate the concept of having captives as an alternative risk-management tools.
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- May 3 2017
Philippine life market growing at rapid pace
The sector is expected to register one of the fastest growth rates among emerging markets over the next nine years.
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- May 2 2017
Labuan records US$1.4bn rise in premiums
Last year also saw the highest underwriting margin since 2012 due to the higher premiums and lower claims.
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- April 27 2017
Allianz and HSBC fail to reach Malaysia deal
The German insurer's bid to buy HSBC Amanah Takaful has ended after the camps failed to find agreement.
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- April 18 2017
Axiata Digital closes US$16.8m investment in Swedish startup
Insurtech player Bima brings microinsurance services to underserved families in emerging markets.
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- March 21 2017
MyCC issue a misunderstanding, says AIA
AIA Malaysia has defended itself from allegations it participated in an anti-competitive agreement in the country.
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- March 17 2017
Berjaya Sompo appoints new CEO
The Malaysian insurance company has appointed Tan Sek Kee as its new chief executive officer.
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- March 10 2017
Cathay Financial to buy Bank of Nova Scotia Malaysia unit
The Taiwanese group said its bank and life insurance units plan to jointly acquire the Canadian bank's subsidiary.
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- March 8 2017
Swiss Re Corporate Solutions opens KL office
The office will function under a Labuan FSA reinsurance licence and will be led by Juerg Stoll.
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- March 7 2017
Penalty against 22 insurers in Malaysia not final
The Malaysia Competition Commission has said the general insurers still have 30 days to appeal their case.
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- March 6 2017
Regulations to alter Malaysia’s life insurance industry
Bank Negara Malaysia's upcoming regulatory changes will make it tough for part-time insurance agents to survive.
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- February 28 2017
Malaysia’s takaful industry posts double-digit growth
The Malaysian Takaful Association says 2016 represented another year of good growth for Islamic insurance.
