Industry Segments: Takaful Page 3 / 5
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- January 14 2018
Hong Leong MSIG Takaful appoints new CEO
The Malaysian takaful firm has named Modh Asri Omar as its new chief executive officer.
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- January 12 2018
Takaful outpaces conventional insurance in Malaysia
Family and general takaful in the country grew by 7.5% and 5.9%, respectively, in the first half of 2017.
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- November 1 2017
Insurance, takaful remain unpopular in Malaysia
The country's central bank governor urged the industry to focus on the underserved segment of the market.
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- October 24 2017
Takaful market continues to enjoy growth
Data gathered by Kenanga Research show the family sector grew 5% in September, while the general sector grew 9%.
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- October 2 2017
Etiqa completes acquisition of Indonesian insurer
Maybank's wholly-owned insurance arm has completed its acquisition of Asuransi Asoka Mas for US$15.35m.
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- August 31 2017
Takaful sector remains an underperformer
The industry remains hounded by issues that prevent it from achieving greater heights, says Gulf Times.
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- August 4 2017
Bright future for Malaysia’s general takaful sector
The industry is forecast to take up a 20% market share in the country's insurance sector by 2020.
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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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- 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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- 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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- 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.
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- February 3 2017
ACR completes acquisition of Malaysia units
The consolidation is part of a long-term strategy to enhance the operational efficiency of the ACR group.
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- January 20 2017
Positive outlook for Malaysia’s Islamic insurance sector
In the first quarter of 2016, family takaful grew by 9.8% while general takaful grew by 5.8%.
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- December 16 2016
Etiqa Takaful inks partnership deal with Pos Malaysia
The insurance and takaful business of Maybank has sealed a deal with Malaysia's postal delivery service provider.
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- November 9 2016
Hong Leong calls off talks to sell insurer stakes
After failing to reach a deal with any of the potential buyers, the group abandons the sale.
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- November 1 2016
Allianz Malaysia approved to buy HSBC Amanah Takaful
Negotiations between all parties are expected to be concluded within the next six months.
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- October 19 2016
Takaful Malaysia posts 30% profit jump
Higher sales in family and general takaful businesses, as well as wakalah fee income, fuelled a 30% increase.
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- September 21 2016
Lloyd’s seeks reinsurance licence in Malaysia
Chairman John Nelson is hopeful that Bank Negara Malaysia will approve the application by November.
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- August 30 2016
Players urged to tap under-served takaful market
Penetration rates for takaful remain lower compared to the traditional insurance market.
