In partnership with AIA Malaysia, TNG Digital has introduced Insure360, a comprehensive health insurance centre, accessible through its Touch 'n Go eWallet. This feature provides a selection of critical illness and medical insurance products.
The general insurance industry has recorded an increase in gross direct premiums of 7.3% to MYR10.5bn ($2.24bn) in the first half of 2023 compared to the corresponding half in the previous year, announced the General Insurance Association of Malaysia (PIAM).
MAA Group is proposing to sell an 85% stake in its Philippine general insurance business -- MAA General Assurance Philippines (MAAGAP) -- for $49.3m in cash, with an option to sell the remaining 15% stake for $8.7m within a 14-month period.
FWD Insurance has launched a new campaign with a new spin on traditional industry norms, highlighting the fact that insurance can be simple and can encourage and help empower Malaysians to celebrate living.
Public awareness of the importance of having takaful and insurance protection is still low, as 60% of the nation's population does not have adequate takaful or insurance coverage for emergencies.
The Malaysian Takaful Association (MTA) aims to extend the Takaful-4-All insurance campaign to all levels of society in every state across the country.
A study among emerging Asia's middle-class in the areas of improving health diagnostics, mental health, and cyber security has revealed three key opportunities for mitigating risks.
Labuan Reinsurance is expected to maintain an adequate level of operating performance, underpinned by positive underwriting results and investment income, despite short-term volatility driven by unrealised fair value investment losses in recent periods, says AM Best.
The Prime Minister of Malaysia has announced, in his 2024 Budget speech, fiscal incentives for Labuan Business and Finance Centre (Labuan IBFC) to support the development of the centre into an Islamic financial hub.
Bank Negara Malaysia (BNM) is working on refining several aspects of the Licensing and Regulatory Framework for Digital Insurers and Takaful Operators (DITO Framework). The central bank plans to finalise the framework by the first half of 2024, it says in a statement.