AIA Malaysia has partnered with ThoughtFull, a digital mental health platform based in Southeast Asia, to provide the insurer's corporate customers with end-to-end mental health support as part of its corporate solutions portfolio.
AIA Malaysia has entered into a strategic partnership with Southeast Asian-based digital mental health platform ThoughtFull to provide their corporate customers with end-to-end mental health support as part of the AIA Corporate Solutions portfolio.
The growth of Malaysia's non-life insurance industry over the near to medium term is expected to be supported by the country's economic recovery and increased insurance penetration, says AM Best.
Liberty Mutual Insurance has completed its acquisition of Malaysian insurer AmGeneral Insurance (AmGeneral), a top-three motor insurer with a growing business in additional product lines.
The Great Eastern Group has posted profits attributable to shareholders of S$502.9m ($364.4m) for the first half of this year, with a boost from the second quarter in which the profits rose 22% to S$282.9m year on year.
Malaysia will provide voluntary insurance protection to close to 3m Malaysian homemakers.
This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.
Within a week of its launch on July 12, about 6,000 of some 15 million Employees Provident Fund (EPF) members had subscribed to its i-Lindung platform under the Members Protection Plan.
Malaysia's central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures to 70% or contribute to a charitable fund, according to a report by Bloomberg News citing people with knowledge of the matter.
Employees Provident Fund (EPF) contributors will now be able to buy insurance and takaful products at an affordable premium from Account 2 with the launch of the EPF Members Protection Plan, i-Lindung, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.