Manulife Insurance Bhd has unveiled Manulife Health Saver Enrich (MHSE), a comprehensive new medical plan tailored to support Malaysians throughout their entire healthcare journey - from prevention and treatment to recovery and beyond.
Labuan IBFC has appointed to its Board of Directors Dr Aida Othman as a member and Mr Steven Choy as chairman.
Zhibao Technology Inc (ZBAO), a Nasdaq-listed company, recently released its financial data for the first half of the 2025 fiscal year, showcasing its growth. The company's operating revenue for the period reached CNY146.4m ($20.14m), marking a 74% year-on-year increase. Operating profit also surged by CNY12.18m.
Malaysian member of parliament Sim Tze Tzin has asked Bank Negara to reform the country's medical insurance premium pricing system. He said the regulator should specially look at why a policyholder's health insurance premium rises sharply when the person moves from one age-bracket to another, even though the person becomes just a day older.
Malaysia's insurance regulator, Bank Negara Malaysia (BNM) has announced two new appointments to the Shariah Advisory Council (SAC), namely Professor Amir Shaharuddin and Professor Abdul Rahim Abdul Rahman.
According to Prudential, in 1Q2025, new business profit on a traditional embedded value went up 12% to $608m, annual premium equivalent (APE) sales went up 4% to $1.7bn and new the new business margin increased by two percentage points.
The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn ($5.3bn) in 2024.
Zhibao Technology, an InsurTech that primarily engages in providing digital insurance brokerage services, has announced the establishment of Zhibao Labuan Reinsurance Company.
MSIG Malaysia has launched the country's first personal accident add on that addresses a critical gap in financial protection for individuals who might experience a sudden loss of independence due to accidents or unforeseen events.
The Malaysian takaful industry made significant strides in 2024, making a record payout of MYR10.20bn ($2.31bn) in benefits to certificate holders.