News Reinsurance05 Apr 2023

Malaysia:Reinsurance renewals indicate signs of hardening

| 05 Apr 2023

Insurers and takaful operators (ITOs) have reported increased reinsurance rates on the renewal of cover, higher reinstatement costs for reinsurance coverage when limits are exhausted, and higher deductible thresholds that apply for claims, especially for excess of loss treaties, says Bank Negara Malaysia (BNM).

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