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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.

SeatAdvisor's ticket covered by MyTicketProtect 

Insurance News

  -  May 23, 2013
Allianz General has launched MyTicketProtect which provides hassle free refund of ticket price in the event of death, injuries, illness or damage to property for events held in Malaysia. MyTicketProtect comes automatically with each ticket purchased from SeatAdvisor's network.
Allianz Teams Up With SeatAdvisor For MyTicket Protect Scheme - Bernama KUALA LUMPUR, May 23 (Bernama) -- Allianz General Insurance Company (Malaysia) Bhd has signed a partnership agreement with SeatAdvisor Sdn Bhd, to provide a value-added service for ticket buyers in Malaysia under a new Personal Accident and Ticket Reimbursement Insurance Scheme, MyTicket Protect.

 

Posted by Loo Hai Thursday, May 23, 2013 3:48:00 PM Categories: Allianz Product
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STMB up no claim rebate for non-motor products 

Insurance News

  -  May 23, 2013
STMB is offering 15% no claim rebate to motor takaful products and 20% to non-motor products. The rebate will cost the company RM35 mil, compared to RM31 mil paid last year. 
Takaful Malaysia aims RM35m in no claim rebate this year - The Sun SHAH ALAM (May 22, 2013): Syarikat Takaful Malaysia Bhd (Takaful Malaysia) expects to disburse RM35 million in no claim rebate this year to its customers, given the positive growth in its General Takaful portfolio.

 

Posted by Loo Hai Thursday, May 23, 2013 3:30:00 PM Categories: Motor Insurance STMB
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Tune Insurance doubles Q1 net profit 

Insurance News

  -  May 22, 2013
Tune Insurance's net profit for Q1 2013 jumps 98.5% due to the consolidation of its subsidiary's profit and better general reinsurance business.
Tune Ins doubles Q1 income - The Star PETALING JAYA: Tune Ins Holdings Bhd has almost doubled its net profit for the first quarter financial year 2013, recording RM13.9mil, a 98.5% jump compared with RM7mil in the same period last year.

 

Posted by Loo Hai Wednesday, May 22, 2013 9:09:00 PM Categories: Tune
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P&O declares special dividend 

Insurance News

  -  May 22, 2013
P&O has declared a special dividend of 15.17 sen and tax-exempt dividend of 3.82 sen..
More dividends from Pacific & Orient - The Star KUALA LUMPUR: Pacific & Orient Bhd has declared special dividend of 15.17 sen a share and tax-exempt dividend of 3.82 sen per share for each share of 50 sen each.

 

Posted by Loo Hai Wednesday, May 22, 2013 8:56:00 PM Categories: P&O
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Z-Corporate Travel and Z-Travel 

Insurance News

  -  May 21, 2013
Zurich Insurance today launched 2 new travel insurance products: Z-Corporate Travel Insurance and Z-Travel (Domestic/Inbound).
Zurich eyes RM10m from new products - Business Times Zurich Insurance Malaysia Bhd, which launched two new insurance scheme today, is optimistic the products would earn the company a premium income of RM10 million in five years, said president for general insurance Sia Chon Ming.

 

Posted by Loo Hai Tuesday, May 21, 2013 7:16:00 PM Categories: Product Zurich
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Sanlam completed the acquisition of P&O 

Insurance News

  -  May 21, 2013
Sanlam has completed the acquisition of 49% of P&O for RM270 mil. P&O is the largest motorcycle insurer in Malaysia.
Sanlam buys 49pc of Pacific & Orient Insurance - Business Times KUALA LUMPUR: Sanlam, a South African financial services group, is making a foray into Southeast Asia's insurance industry via the acquisition of a 49 per cent stake in Pacific & Orient Insurance Co Bhd (POI).

 

Posted by Loo Hai Tuesday, May 21, 2013 7:07:00 PM Categories: Merger P&O
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AIA launced PRS with 4 funds 

Insurance News

  -  May 17, 2013
AIA today rolled out PRS with 4 funds. As at end of March 2013, only 24,000 Malaysians signed up for PRS despite the RM3,000 tax incentive.
AIA rolls out its Private Retirement Scheme - Business Times American International Assurance Bhd (AIA) today rolled out its Private Retirement Scheme (PRS), further augmenting its comprehensive suite of products, which aims to address the protection, savings and retirement needs of its over 2.6 million policyholders.

 

Posted by Loo Hai Friday, May 17, 2013 9:04:00 PM Categories: AIA PRS
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