What this blog is about?

Purpose: This blog provides brief insurance news and digest for the busy executives. It is a handy archive covering major insurance news in Malaysia and nearby countries. 

Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we are not liable for any loss arising from the use of any information contained in this blog.

Reproduction: You may reproduce materials published here provided that the source (actuaries.com.my/insurance-news) is properly acknowledged.

Opportunities and challenges ahead 

Industry experts see both opportunities and challenges for the insurance industry in 2015. Challenges include margin squeeze due to GST, lower demand due to slower economic growth and the legal separation of life and general businesses. Opportunities include stronger demand in medical insurance and young and underinsured population. http://bit.ly/TAS141229b

Monday, December 29, 2014 9:14:00 PM Categories: Outlook
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Life and GI industries low risk 

S&P rates the life and general insurance sectors in Malaysia as low risk. The assessment was based on 5 factors: return on equity, barriers to entry, growth prospects, product risk and institutional framework. http://bit.ly/TAS141229a

Monday, December 29, 2014 9:11:00 PM Categories: Ratings
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Generali buying Multi-Purpose 

RM355.8 mil for 49% stake

Generali Asia N.V. is buying 49% stake in Multi-Purpose Insurans Bhd for RM355.8 mil. The deal also entails a call and put option. The transactions are expected to be completed by early 2015 and the name of the insurer will change to MPI Generali Insurans Bhd. http://bit.ly/TAS141219a

Friday, December 19, 2014 9:13:00 PM Categories: Merger Multi-Purpose
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Ikhlas launches "On The Go" campaign 

Takaful Ikhlas has launched an "On The Go" promotional campaign which will last the whole of December. The campaign is designed to demystify takaful as a Muslim-Malay centric product. http://bit.ly/TAS141204a

Thursday, December 4, 2014 10:06:00 PM Categories: Ikhlas
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