Lockton has become the majority shareholder of Malaysian insurance brokerage Lockton Sime Insurance Brokers, signalling a shift in the firm's ownership structure, according to a press release issued on 15 January.
Malaysia's insurance and takaful sector faces rising long-term risk from climate change, but analysts are of the view that the outlook remains positive according to a new sectoral report.
The Malaysian Medical Association (MMA) has said that doctors awaiting their 2026 Annual Practising Certificates (APC) will remain fully covered for professional indemnity during the interim period till they receive their APC.
Insurers and takaful operators (ITOs) cannot unreasonably delay medical insurance claims or apply exclusions or conditions that are not stated in policy documents, says Bank Negara Malaysia (BNM).
AM Best has maintained its stable outlook on Malaysia's non-life insurance sector, noting that regulatory initiatives designed to increase insurance penetration and the continuing de-tariffication of motor and fire insurance as the main reasons.
Malaysia's regulator, Bank Negara Malaysia (BNM,) has issued the 'Policy Document on Broader Application of Ta'awun in Takaful', which sets out the Shariah and regulatory requirements to unlock the full potential of takaful in promoting financial resilience as well as financial inclusion, in line with the objectives of Shariah (maqasid Shariah).
Allianz Life Insurance Malaysia has officially announced the rollout of its latest protection innovation, AssuredLove.
Allianz Malaysia has appointed Mr Giulio Slavich as CEO of its life insurance subsidiary, Allianz Life Insurance Malaysia, effective 1 January 2026.
Persistent heavy rainfall and Cyclone Senyar triggered flooding that affected millions in Thailand, Malaysia, and Indonesia, causing widespread damage and disruption, according to Aon in its latest "Weekly Cat Report".