Malaysian Reinsurance's underwriting performance improved sharply in the financial year ended 31 March 2024 (FY2024), with an insurance/takaful service result of MYR341m [$77m] (FY2023: loss of MYR2m), driven by lower catastrophe losses, says Fitch Ratings.
The operating performance of Labuan Reinsurance [L] (Labuan Re) is viewed as adequate, says AM Best.
Zurich Takaful Malaysia Berhad (ZTMB) has introduced MediAfya+, a new takaful medical plan aimed at offering more comprehensive healthcare coverage for Malaysians.
The life insurance market in Malaysia is forecast to reach $17.2 billion direct written premiums (DWP) in 2028, garnering a compound annual growth rate (CAGR) of 5.2% from 2024 to 2028, GlobalData results showed.
2025 will be a significant year for Malaysia as it takes on the ASEAN chairmanship, which represents a significant opportunity for Malaysia to actively advance regional collaboration across Southeast Asia in critical sectors, including takaful and retakaful, according to the deputy governor of Bank Negara Malaysia, Mr Adnan Zaylani.
Great Eastern has spotlighted 12 most inspiring customers from Singapore, Malaysia and Indonesia by turning their stories into mini films starring themselves. These shorts premiered on the outdoor screen at One Raffles Place recently.
The Malaysian Takaful Association (MTA) has officially launched the Hijrah27 framework, a strategic transformation plan with the core objectives of broadening public understanding of Islamic insurance and expanding its reach to underserved segments of the country. The goal is also for takaful to be the preferred Shariah-compliant protection choice in the country while seeking to enhance professionalism among takaful personnel and promote ESG.
Great Eastern Holdings (the Group) has reported that profits attributable to shareholders climbed by 39% to S$860.5m ($645.4m) for the nine months ended 30 September 2024 (9M-24).
Zurich Life Insurance Malaysia (ZLIMB) has launched the Savings Booster, a new savings rider aimed at Malaysians seeking both financial growth and protection.
Zurich Life Insurance Malaysia Berhad (ZLIMB) has appointed Ms Pauline Teoh as CEO, effective 1 November. She brings over 25 years of experience in the insurance industry.