Malaysia

Malaysia revises ceding-out rule of takaful risk to insurers amidst hardship cases

A licensed takaful operator is not permitted to distribute risks through a ceding-out arrangement to an insurer.

Malaysia revises ceding-out rule of takaful risk to insurers amidst hardship cases

A licensed takaful operator is not permitted to distribute risks through a ceding-out arrangement to an insurer.

Malaysia Life Re enters family retakaful market

As part of its philanthropic efforts, MLRe contributed RM20,000 to two Tahfiz institutions during the launch event.

More Malaysian customers satisfied with the general insurance industry – Survey

Faster digitalisation and operational efficiency amidst the pandemic influenced this sentiment.

Tune Protect should see a boost in diversification: AM Best

TPR’s operating performance was ‘satisfactory’, AM Best said.

PIAM supports trade dep’t for better motor repair industry

It aims to have a better outcome for the development and sustainability of the motor insurance and repair ecosystem. 

Anora Agency taps Jeffrey Khoo as chairman

He is know for his work in parametric insurance for the agriculture sector.

Malaysia’s general insurance industry climbs 7.3% YoY in 1H23

Underwriting profit saw a huge drop of 37.8% mainly due to motor and fire lines.

Allianz Malaysia sustains 11.3% YoY growth in Q3 revenue

Year-to-date (YTD), its total business volume amounted to RM3.63b.

Generali Malaysia unveils new model branch for customer-centricity

It is located at Pusat Komersial Saujana, Seremban 2 Heights.

Malaysia provides update for DITO framework, to encourage broader participation

This framework is designed to facilitate the entry of Digital Insurers and Takaful Operators (DITO) in the country.

AIA Malaysia offers groundbreaking end-to-end mental health solution for employees

Breaking new ground in the industry, the AIA Mental Health Solution integrates holistic mental wellness into the employee benefits offering, marking a monumental step towards prioritising both physical and mental health.

Allianz Malaysia unveils three more Rahmah insurance products

The insurer now has five products under its Rahmah Insurance porftolio.

PolicyStreet, foodpanda Malaysia crank up rider protection

This comes as an addition to their on-the-job insurance plans, which offers 24-hour accident coverage.

Labuan and Bermuda financial regulators darken ink on collaboration

The Labuan FSA and Bermuda central bank target to bolster the insurance market and digitalisation efforts.

Qoala on a tech-driven mission to insure more Malaysians

Its online platform promotes financial literacy and strategic partnerships, aligned with the government’s insurance agenda.

Life insurance sector in Malaysia to exceed $15.9b by 2027 – GlobalData

For 2023, life insurance in Malaysia is forecasted to grow 2.4%.

Allianz Malaysia shows promising first-half performance

Both its life and general insurance subsidiaries also saw increases in revenue.