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Malaysia tag returned 605 results

  • Malaysia: Manulife launches legacy insurance plan with bancassurance partner

    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.

    Agents | 13 Mar 2024
  • Malaysia: FWD Group becomes majority shareholder of FWD Takaful

    FWD Group Holdings (FWD Group) yesterday announced the completion of an additional investment of a further 21% stake in FWD Takaful.

    Middle East | 12 Mar 2024
  • Malaysia: Nearly 2x as many women as men are at risk of underinsurance

    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.

    Asia | 08 Mar 2024
  • Climate change: Generali and UNDP cooperate to boost SME resilience

    Generali and the United Nations Development Programme (UNDP) have brought together representatives from the Malaysian Ministry of Finance, Bank Negara Malaysia, the SME Association of Malaysia and the insurance and financial communities to present concrete solutions on how to boost small and medium-sized enterprises' (SMEs) resilience against climate change and other risks.

    Asia | 08 Mar 2024
  • Malaysia: Insurance market sees growth despite evolving challenges

    Malaysia's non-life insurance market is poised for growth in 2024, driven by expanding industries such as technology, manufacturing and renewable energy, according to a report by Howden Markets Asia that provides consulting services in the insurance sector.

    Asia | 07 Mar 2024
  • Malaysia: Takaful business expected to see stable profitability and capitalisation

    The heightened awareness of medical and weather events coverage is likely to stimulate takaful growth but the market will face some headwinds, including the inflationary environment, market volatility, weakening ringgit, and the end of the passenger car tax exemption, says Fitch Ratings.

    Asia | 06 Mar 2024
  • Traction ahead for InsurTech in takaful and retakaful operations

    In the next 12 months, advancements in data analytics may lead to a greater emphasis on personalised and on-demand microtakaful solutions in the Malaysian InsurTech space, PolicyStreet co-founder and group CEO Lee Yen Ming said.

    AIRPlus | 15 Feb 2024
  • Malaysia: Insurance associations launch contest to promote motor insurance

    Persatuan Insurans Am Malaysia (PIAM), the general insurance association of Malaysia, and Malaysia Takaful Association (MTA) have launched the #ILuvMyRide Contest which runs from 1 to 29 February 2024, in celebration of the Chinese New Year, and as part of their #JomLevelUp Consumer Education Programme (CEP).

    Asia | 15 Feb 2024
  • Malaysia: Takaful association targets doubling of penetration rate to 40% by 2028

    The head of the Health Insurance Committee of the Emirates Insurance Federation, Mr Abdel Muhsen Jaber, has explained that health insurance covers cosmetic surgery costs if such surgery is due to a medical condition or a chronic disease that affects the health of the insured.

    Middle East | 11 Feb 2024
  • Malaysia: Pacific Prime acquires local broker

    Global insurance brokerage Pacific Prime has fully acquired MIT Insurance Brokers, a Malaysian insurance brokerage firm specialising in risk management, insurance, and reinsurance.

    Asia | 08 Feb 2024


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