In Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus' opening remarks at MyFintech Week 2019, she said that the world around us is shifting dramatically and that to understand this shift, we should pay attention to five megatrends.
Insurance premiums on already purchased investment-linked products (ILPs) will remain unchanged following the implementation of new guidelines for ILPs by Bank Negara Malaysia on 1 July, says the Life Insurance Association of Malaysia (LIAM).
Insurance premiums in Malaysia, which posted a solid growth of 4.6% last year, will see growth accelerate this year to more than 6%, reported Bernama News Agency citing a forecast by Allianz Research.
Labuan IBFC remained the leading jurisdiction in Asia for captives formations in 2018, with six new formations over the year bringing its total number to 48.
Malaysia's Deputy Health Minister Lee Boon Chye encouraged insurers to provide coverage for mental healthcare. This would assist those in need and raise awareness on mental health issues as mental health is becoming an emerging issue in Malaysia.
With mental health being an emerging issue in Malaysia, Deputy Health Minister Lee Boon Chye encouraged insurers to provide coverage for mental healthcare which would assist those in need as well as raise awareness on mental health issues.
All foreign insurers have submitted their proposals to address the minimum 30% Malaysian ownership requirement for their businesses by the 30 April deadline, according to Bank Negara Malaysia
Only 2m out of 8m homes in Malaysia are insured, the director-general of the Fire and Rescue Department, Mr Mohammad Hamdan Wahid, has said.
Tune Insurance Malaysia has appointed William Foo as its CEO, effective immediately.
Zurich Takaful Malaysia has signed a 10-year agreement with Malaysian halal hypermarket chain MYDIN to offer takaful plans via retail takaful booths at over 60 selected MYDIN hypermarkets nationwide.