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Malaysia tag returned 496 results

  • Malaysia: Takaful and FinTech associations promote Takaful-Tech

    The Malaysian Takaful Association (MTA) has signed a Memorandum of Understanding (MoU) with the FinTech Association of Malaysia (FAOM) to spur the adoption of FinTech among takaful players in the country in line with Bank Negara Malaysia's Financial Sector Blueprint (FSB) to advance the digitalisation of the financial sector.

    Middle East | 22 Sep 2022
  • Malaysia: Bank Negara expects insurers and other FIs to understand how climate change affects risk exposures

    Bank Negara Malaysia (BNM) expects financial institutions (FIs) to understand how climate-related risk drivers can impact their risk exposures - including credit, market and insurance risks from their lending, underwriting and investment activities, according to Ms Jessica Chew, deputy governor of Malaysia's central bank.

    Asia | 22 Sep 2022
  • Malaysia: Tribunal overturns anti-trust agency's decision against general insurers

    The Competitions Appeal Tribunal (CAT) has allowed an appeal by the General Insurance Association Of Malaysia (PIAM) and its 22 members against the Malaysian Competition Commission's (MyCC) decision two years ago, which deemed an agreement on the application of trade discounts on automotive parts prices and hourly labour rates for motor vehicle repairs by workshops under the PIAM Approved Repairers Scheme (PARS) as a breach of the Competition Act 2010.

    Asia | 09 Sep 2022
  • Malaysia: Generali appoints new CEOs

    Generali has appointed Mr Fabrice Benard as the CEO of AXA Affin General Insurance, a newly acquired entity that is part of Generali Group. With over 20 years of experience, he brings on board deep technical and strategic experience in general insurance, actuarial, risk management, financial, bancassurance and M&A.

    People | 01 Sep 2022
  • Malaysia: Labuan FSA rolls out new risk-based insurance solvency regime

    The Labuan Financial Services Authority (Labuan FSA) has issued the Insurance Capital Adequacy Framework (ICAF), a set of risk-based capital (RBC) regulations for its insurance industry.

    Asia | 29 Aug 2022
  • Labuan continues to captivate the market

    The well-regulated business environment was a vital factor to the sustained growth of the captive market in Labuan, said Labuan Financial Services Authority (FSA) director general Yang Berusaha Nik Mohamed Din Nik Musa in his opening speech at the Asian Captives Conference on 18 August.

    AIRPlus | 26 Aug 2022
  • Malaysia: New accounting standard unlikely to affect major takaful company negatively

    The new Malaysian Financial Reporting Standards (MFRS) 17 will not have an impact on the fundamentals of the business of Syarikat Takaful Malaysia Keluarga (STMK), in terms of its financial strength, ability to pay claims and dividend distribution, according to STMK corporate finance and strategy general manager, Ms Juliana Lo.

    Middle East | 24 Aug 2022
  • Malaysia: AIA partners with mental healthtech firm to support corporate clients

    AIA Malaysia has partnered with ThoughtFull, a digital mental health platform based in Southeast Asia, to provide the insurer's corporate customers with end-to-end mental health support as part of its corporate solutions portfolio.

    Agents | 16 Aug 2022
  • Malaysia: AIA forms partnership with digital mental health platform

    AIA Malaysia has entered into a strategic partnership with Southeast Asian-based digital mental health platform ThoughtFull to provide their corporate customers with end-to-end mental health support as part of the AIA Corporate Solutions portfolio.

    Asia | 15 Aug 2022
  • Malaysia: Non-life insurance market expected to see higher penetration

    The growth of Malaysia's non-life insurance industry over the near to medium term is expected to be supported by the country's economic recovery and increased insurance penetration, says AM Best.

    Asia | 05 Aug 2022

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