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.
McLarens, a loss adjusting firm, has announced the promotion of Mr Lam Choy Heng to the role of Managing Director of McLarens Malaysia.
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
The Malaysian government has designed a base medical and health insurance/takaful (MHIT) product, that will be offered by private insurance and takaful operators (ITOs).
Prudential Assurance Malaysia Bhd (PAMB) has launched Prudential Guided Care, a healthcare support service for customers with medical insurance, as more Malaysians report delaying medical treatment because they are unsure where to seek care.
Malaysia's insurance and takaful industry is expected to remain resilient in the second half of 2026, supported by strong capital positions despite ongoing challenges from medical inflation, softer investment returns and weaker consumer spending, according to a report by RAM Rating Services. The rating agency said ongoing industry reforms are expected to improve affordability, claims sustainability and operational efficiency over time.
Prudential Assurance Malaysia Bhd (PAMB) and UOB Malaysia have launched PRUPrime Gain, a flagship savings plan designed for customers seeking to preserve wealth while adopting a structured approach to investing.