Zurich Life Insurance Malaysia Berhad (ZLIMB) has appointed Ms Pauline Teoh as CEO, effective 1 November. She brings over 25 years of experience in the insurance industry.
MNRB Holdings has reported a 66.4% surge in group net profit to MYR184.9m ($42.5m) for the first half of FY2025 (that is, the six months ended 30 September 2024) from MYR111.1m for the corresponding last year.
Financial constraints are a significant barrier to preparedness for 38% of Malaysians, with 54% feeling unprepared for climate events such as floods, heatwaves, and landslides, according to the findings of Zurich Malaysia's Climate Resilience Survey.
Chubb has appointed Mr Jon Longmore as country president of Malaysia, effective early November and subject to regulatory and other approvals. Mr Longmore succeeds Mr Stephen Crouch, who has been appointed head of government affairs, APAC.
The Malaysian government has proposed increasing the individual income tax relief for medical expenses up to MYR10,000 ($2,318), which also covers medical and health insurance plans with co-payment features.
The Malaysian Takaful Association (MTA) has launched the Maqasid Shariah Scorecard (MSS), a transformative initiative aimed at assessing the industry's impact and sustainability.
Public Bank, among Malaysia's top three banks, has entered into a conditional sale and purchase agreement with the Estate of the Late Tan Sri Dr Teh Hong Piow and Consolidated Teh Holdings (ConTeh) to acquire a stake in LPI Capital.
insureKU, a Malaysian end-to-end digital insurance and takaful aggregation platform, has officially launched its consumer-focused platform with a selection of curated travel related solutions.
Persatuan Insurans Am Malaysia (PIAM) has appointed Mr Chua Kim Soon as CEO. He succeeds Ms Julie Chong. In his new role, he will work together with PIAM's chairman, Mr Ng Kok Kheng, and its board of directors to advance its vision as a dynamic trade association by collaborating closely with stakeholders to support various initiatives within the industry.
London-headquartered MNK Group has launched Mekong Re, a reinsurance company with a strong suit in niche and specialty solutions, in Labuan, Malaysia.