Labuan IBFC Inc yesterday signed a Memorandum of Understanding (MoU) with RAM Rating Services, Malaysia's premier rating agency, to collaborate on RAM Ratings' Labuan Entity Corporate Assessment (LECA™) service.
The insurance and takaful industry is currently working with the Ministry of Health and Bank Negara Malaysia to explore avenues where insurers and takaful operators can ease some of the expenses of COVID-19 patients whose conditions are required to be treated in private hospitals.
Financial professionals in Malaysia will now have access to resources and guidance to help them in their careers as MDRT - a global, premier association founded in 1927 for financial services professionals - is broadening its support and reach with a new kind of association: the MDRT Academy.
Zurich Malaysia has announced the appointment of Khoo Ai Lin as the CEO of Zurich Life Insurance Malaysia effective 4 January 2021. She succeeds Stephen Clark, who remains as executive director for the company.
Singapore-based FinTech startup firm GoBear, which began operations as platform for comparing insurance plans of different insurers, has announced that it will cease operations and close its business.
Zurich Malaysia has appointed Khoo Ai Lin as the Chief Executive Officer of Zurich Life Insurance Malaysia Berhad (ZLIMB) effective 4 January 2021.
Singapore-based Fintech company 360F and Fi Life, a Kuala Lumpur-based online life insurance distributor, have partnered to introduce the new 360-NeedsProfiler to the Malaysian market. The online tool allows users to self-discover their financial needs based on Malaysian demographic and mortality data and 360F's personalised prediction algorithms.
IKEA has rolled out a home contents insurance offering called HEMSÄKER, underwritten by Etiqa General Insurance Berhad.
Supportive government policies and a COVID-enforced spike in digital activity are pushing consumers - and their insurance needs - online. The growing presence of e-commerce and digital wallet apps presents opportunities for innovative partnerships between insurers and digital platforms to bridge the $498bn health protection gap in India, Indonesia and Malaysia, according to the latest Swiss Re study.
Malaysian Re has reported operating profits consistently over the past five years (fiscal-years 2016 to 2020), with an average combined ratio of 101% and return on equity ratio of 5%, notes AM Best.