Hong Kong-headquartered FWD Group Holdings yesterday announced the launch of TIM Ventures, a MYR45m ($10.2m) venture capital fund in collaboration with Artem Ventures, a Malaysia-based venture capital firm, to invest in emerging start-ups in the InsurTech and Islamic FinTech space in Malaysia.
AIA Public Takaful Bhd (AIA Public Takaful) has launched a product to help Malaysians achieve financial security and has gone the extra mile to empower the Bumiputera segment to build wealth in the post-pandemic era.
Bank Negara Malaysia (BNM) has issued the Exposure Draft on Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITOs).
Tune Protect Re (TPR) is expected to achieve moderate revenue growth and robust operating earnings over the medium term, driven by the recovery of air travel and new product initiatives, says AM Best.
The Malaysian Takaful Association (MTA) has launched its Financial Sector Blueprint (FSB) 2022-2026 to empower the takaful industry.
The general insurance industry has registered an increase in gross direct premiums of 10.3% to MYR9.8bn ($2.1bn) for the first six months of 2022 compared to the corresponding period last year.
Singapore-headquartered JA Assure, a niche market InsurTech firm, has entered into a strategic partnership agreement with the Federation of Private Medical Practitioners' Associations Malaysia (FPMPAM) and Independent Practitioners' Healthcare Services (IPHS).
Labuan Reinsurance (L) is expected to record moderate growth over the medium term, driven by product initiatives and its positioning in a general hard reinsurance market, says AM Best.
Sun Life Malaysia has appointed Mr Jeffry Azmi as the new CEO of Sun Life Malaysia Takaful with immediate effect. In his capacity as CEO, he will be responsible for developing and leading strategic priorities to lead the takaful business into the next strategic growth phase and to strategically position Sun Life Malaysia as a trusted takaful brand.
The Malaysian insurance market faces a lack of awareness and understanding of personal protection products among its consumers. This has led to a significant number of working adults not setting aside money for personal protection.