Insurers and takaful operators (ITOs) cannot unreasonably delay medical insurance claims or apply exclusions or conditions that are not stated in policy documents, says Bank Negara Malaysia (BNM).
AM Best has maintained its stable outlook on Malaysia's non-life insurance sector, noting that regulatory initiatives designed to increase insurance penetration and the continuing de-tariffication of motor and fire insurance as the main reasons.
Malaysia's regulator, Bank Negara Malaysia (BNM,) has issued the 'Policy Document on Broader Application of Ta'awun in Takaful', which sets out the Shariah and regulatory requirements to unlock the full potential of takaful in promoting financial resilience as well as financial inclusion, in line with the objectives of Shariah (maqasid Shariah).
Allianz Life Insurance Malaysia has officially announced the rollout of its latest protection innovation, AssuredLove.
Allianz Malaysia has appointed Mr Giulio Slavich as CEO of its life insurance subsidiary, Allianz Life Insurance Malaysia, effective 1 January 2026.
Persistent heavy rainfall and Cyclone Senyar triggered flooding that affected millions in Thailand, Malaysia, and Indonesia, causing widespread damage and disruption, according to Aon in its latest "Weekly Cat Report".
Hong Leong Assurance (HLA) has launched HLA Legacy Wealth, a new insurance product aimed at Malaysians seeking structured legacy and wealth-transfer solutions.
Labuan Financial Services Authority (Labuan FSA) has announced the appointment of Datuk Ahmad Hizzad bin Baharuddin as Chairman for a two-year term effective 15 November 2025 to 14 November 2027.
Allianz Life Insurance Malaysia (Allianz Life) has empowered more than 3,000 Allianz Life Changers through its 2025 Action Group Seminar and Recognition (AGSR) series.