Industry Segments: Takaful Page 1 / 5
- 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.
- 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 1 2023
Indonesia’s general takaful sector grows 57%: Fitch
Despite the spurt in sales, general sharia booked a US$2.5m loss from increased claims.
- 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.
- April 13 2022
Zurich’s Malaysia takaful arm promotes head of sales to CEO
Malaysia's takaful market has been growing at a breakneck speed over the past decade.
- February 23 2022
Takaful resilience on display in 2021
Islamic insurance products in Indonesia and Malaysia grew much faster than conventional insurance.
- February 15 2022
Takaful non-life premiums surge 22.7% in Indonesia: Fitch
Rating agency says outlook is positive despite some regulatory headwinds.
- January 6 2022
Malaysia’s regulator issues digital licensing discussion paper
Central bank initiative has a proposed minimum capital requirement of US$9.5m and includes the takaful market.
- December 6 2021
Malaysia’s takaful players on ‘value-based’ journey: regulator
Regulator notes how policyholders were offered deferments during the pandemic.
- November 30 2021
Malaysia takaful premiums show strong H1 growth: MTA
Despite Covid-19 challenges, the family takaful market — which includes life — saw 46.7% annual premium growth to US$1.1bn.
- November 1 2021
Zurich Takaful Malaysia appoints new life CEO
Nazrul Hisham Abd Hamid replaces Mukesh Dhawan as the leader of firm's family takaful operations in the country.
- July 26 2021
Generali’s Leonardi on Malaysia M&A and the evolution of distribution
The Hong Kong-based Asia head says there is a greater demand for digitalisation and innovation.
- July 14 2021
Zurich promotes Junior Cho to Malaysia country head
The industry veteran is CEO of the insurer's Malaysia GI arm and succeeds Stephen Clark.
- July 5 2021
Malaysia plans RBC changes for (re)insurers and takaful firms
The central bank wants to update frameworks to make capital adequacy measures more consistent.
- June 29 2021
Munich Re’s Singapore syndicate eyes renewables, cyber
The specialty (re)insurer saw double digit growth in 2020 and is in expansion mode.
- April 21 2021
Munich Re launches Labuan’s first retakaful syndicate
MRS Labuan aims to capture market share in Malaysia's fast-growing Islamic insurance sector.
- September 4 2020
Etiqa unveils takaful CEO as it hunts for Asean deals
The Malaysian firm recently expanded into Cambodia.
- March 10 2020
Zurich Malaysia’s takaful arm switches P&C CEO
Nazrul Hisham Abdul Hamid has taken over from Zuhairi Ismail.
- January 6 2020
Former Zurich exec to head Munich Re Malaysia
Serena Thio will lead the reinsurer's global life and health retakaful business.
- December 13 2019
Malaysian Re moves into family retakaful
The reinsurer sees significant opportunities as it teams up with Pacific Life Re.