FWD Insurance Berhad (FWD Insurance) launched its newest product, FWD Max Wealth, which allows customers to maximise their wealth with increasing guaranteed cash payments as they celebrate special milestones in life.
Great Eastern Holdings (GEH or the Group) has reported a profit attributable to shareholders of S$306.7m ($225.5m) for the first quarter of 2024, representing an increase of 26% over the corresponding quarter in 2023.
insureKU, an end-to-end digital insurance and takaful aggregation platform, has received received Bank Negara Malaysia's approval to begin operations.
Malaysian Re has announced that it had entered a memorandum of understanding (MOU) with China Pacific Property Insurance Company and Kunpeng Insurance Broker Company, aimed at the development of health and medical insurance products in Malaysia, with a particular focus on cancer precision medicine treatment.
The AIA Group has launched "AIA CAN: An Eco-Office Movement" (AIA CAN) - a large-scale, multi-year programme that seeks to empower over 25,000 employees across 18 markets to adopt environmentally conscious mindsets, attitudes and behaviours to create more sustainable workplaces and a healthier planet.
At its 50th annual general meeting, the Life Insurance Association of Malaysia (LIAM) appointed Mr Raymond Lew as president, re-elected and Mr Ben Ng as vice-president for the term 2024/2025.
Malaysia's general insurance industry recorded an increase in gross written premiums (GWP) of 7.8% to MYR21.4bn ($4.53bn) for 2023 compared to the previous year, according to a statement released yesterday by the General Insurance Association of Malaysia (PIAM).
Takaful companies paid out a total of MYR8.74bn ($1.85bn) in 2023, 24.40% higher than in 2022, according to data released by the Malaysian Takaful Association (MTA).
Maybank Ageas Holdings Berhad (MAHB) reported an unaudited net profit after tax of MYR353.9m [$75m] in 1H2023 (1H22 restated: net loss of MYR95.8m) under the new accounting standard, IFRS 17, notes Fitch Ratings.
The overall profitability of insurance and takaful funds was lower in the second half of 2023 compared to the first half of the year, says Bank Negara Malaysia (BNM) in its report, 'Financial Stability Review: First Half 2023'.