The AIA Group has launched "AIA CAN: An Eco-Office Movement" (AIA CAN) - a large-scale, multi-year programme that seeks to empower over 25,000 employees across 18 markets to adopt environmentally conscious mindsets, attitudes and behaviours to create more sustainable workplaces and a healthier planet.
At its 50th annual general meeting, the Life Insurance Association of Malaysia (LIAM) appointed Mr Raymond Lew as president, re-elected and Mr Ben Ng as vice-president for the term 2024/2025.
Malaysia's general insurance industry recorded an increase in gross written premiums (GWP) of 7.8% to MYR21.4bn ($4.53bn) for 2023 compared to the previous year, according to a statement released yesterday by the General Insurance Association of Malaysia (PIAM).
Takaful companies paid out a total of MYR8.74bn ($1.85bn) in 2023, 24.40% higher than in 2022, according to data released by the Malaysian Takaful Association (MTA).
Maybank Ageas Holdings Berhad (MAHB) reported an unaudited net profit after tax of MYR353.9m [$75m] in 1H2023 (1H22 restated: net loss of MYR95.8m) under the new accounting standard, IFRS 17, notes Fitch Ratings.
The overall profitability of insurance and takaful funds was lower in the second half of 2023 compared to the first half of the year, says Bank Negara Malaysia (BNM) in its report, 'Financial Stability Review: First Half 2023'.
Syarikat Takaful Malaysia Keluarga (Takaful Malaysia) has posted consolidated takaful revenue of MYR2,942.1m ($621m) for the financial year ended 31 December 2023, higher by MYR371.6 m (14%) as compared to 2022.
Manulife Malaysia and its bancassurance partner has launched EliteLife Signature Legacy, a comprehensive yet flexible legacy insurance plan that offers high insurance coverage, extended disability coverage plus loyalty rewards and bonuses. The plan is underwritten by Manulife Insurance Berhad and distributed by its bancassurance partner, Alliance Bank Malaysia. Customers can sign up for this plan at all Alliance Bank branches nationwide.
FWD Group Holdings (FWD Group) yesterday announced the completion of an additional investment of a further 21% stake in FWD Takaful.
Only 23% out of 1,107 Malaysians polled in an insurance literacy survey are confident in their knowledge of insurance and takaful products, while almost one-third (32%) have no insurance protection, according to Sun Life Malaysia.