Bank Negara Malaysia (BNM) in December 2023 had issued the draft code of conduct for repairers - insurers and takaful operators. The regulator issued the Insurers and Takaful Operators-Repairers Code of Conduct ('the code') on 23 December 2024. The code came into effect on 2 January 2025.
FWD Insurance in partnership with Arus Academy has launched a financial literacy drive for the youth of the country. To start with, the initiative plans to empower 500 Malaysian university students with financial literacy through the Fun(d) for Life programme.
MNRB Holdings has reported a 36.93% increase in its third quarter net profit which amounts to MYR115.86m ($25.90m) registering a surge from MYR84.61m a year earlier. The company has achieved this milestone on the back of a MYR136.7m jump in the group's insurance service earnings.
Crawford has appointed Mr Tony Kan as director, large and complex loss, Malaysia. He has over 30 years of experience.
Digital payments and financial services provider SeaMoney in partnership with Takaful Ikhlas General Bhd will offer motor takaful protection on the Shopee app.
The National Insurance Commission of Nigeria (NAICOM) and Malaysia insurance will collaborate in two important areas of capacity building and investment opportunities in takaful insurance.
Prudential Assurance Malaysia Berhad (PAMB) has introduced the PRUWith You Plus plan, a flexible and customisable insurance option with an increasing sum assured that offers comprehensive coverage.
All insurance companies in Malaysia must implement measures for premium sharing with policyholders starting from 15 January 2025.
Maybank's insurance arm, Etiqa Insurance Singapore (Etiqa), in collaboration with Maybank Singapore, unveiled Invest Future, Singapore's first takaful offering in over 10 years. Maybank Singapore is the exclusive distributor of this innovative Shariah-compliant investment-linked product (ILP).
Bank Negara Malaysia (BNM) has announced substantive but interim measures to help health insurance policyholders affected by the increase in premiums of their medical and health insurance and takaful policies (MHIT).