AIA Singapore will introduce enhancements to its corporate employee benefits insurance from 1 August 2026, expanding access to healthcare services in Singapore and Malaysia at no additional premium cost.
Mr Gurudutt Joglekar has been appointed as Country President of Chubb Insurance Malaysia (Chubb Malaysia).
Malaysia's Maybank has agreed to acquire Belgian insurer Ageas' remaining 30.95% stake in Maybank Ageas Holdings for RM4.83bn ($1.18bn), giving the bank full ownership of Etiqa's insurance and takaful businesses in Malaysia and Singapore.
Speakers at the opening session of the MARIM International Conference 2026 in Malaysia yesterday said that AI in risk management will define the next era of technological advancement and become essential to companies' AI strategies.
Insurance, equities and gold remain the preferred investment choices among affluent Malaysians as they navigate persistent economic uncertainty, according to financial planning experts.
Malaysia plans to come out soon with a National Ageing White Paper to tackle the country's ageing population. Economy Minister Akmal Nasrullah Mohd Nasir has said Malaysia officially become an ageing nation in 2021 and now those aged 65 and above exceed 7% of the country's population.
MSIG Asia has appointed Mr Ronak Shah as Regional CEO, effective 1 October 2026. In addition to leading the insurer's operations across Southeast Asia, Hong Kong, India and Oceania, Mr Shah will assume regional leadership responsibility for Mainland China, Taiwan and Korea.
Willis, a WTW business, has announced the appointment of Mr Oliver Pryce as Head of Corporate Risk and Broking Southeast Asia; and the promotion of Mr Rupert Roberts to the role of Chief Commercial Officer, Asia. Both appointments are effective 4 January 2027.
Markel Insurance, the insurance operations within Markel Group, has appointed Ms Sarika Sagar Gadekar as Claims Adjuster, based in Mumbai, India; and Mr Tan Weng Fatt as Senior Underwriter for Casualty, Malaysia.
Malaysia's motor insurance market remained the largest segment of the country's general insurance industry in 2025, generating MYR10.9bn ($2.6bn) in gross written premiums and accounting for around 45% of total general insurance premiums, according to AM Best Senior Financial Analyst Chuah Sin Yee.