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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.

PIAM also waives death certs 

Insurance News

  -  May 27, 2014
PIAM has decided to follow suit: not requiring death certs for MH370 claims.  http://bit.ly/TAS140527a 

 

Posted by Loo Hai Tuesday, May 27, 2014 7:16:00 PM Categories: PIAM
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Takaful sector to see M&A activities 

Insurance News

  -  May 26, 2014
Analysts foresee some consolidation activities in takaful sector in view of the requirements under IFSA to split family and general takaful operations by 2018. Potential candidates for M&A include STMB and Takaful Ikhlas.  http://bit.ly/TAS140526a 

 

Posted by Loo Hai Monday, May 26, 2014 9:24:00 PM Categories: Ikhlas Merger STMB
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MetLife to replicate takaful capabilities in other Muslim markets 

Insurance News

  -  May 19, 2014
MetLife plans to leverage the takaful product skills and knowledge it gains from AmMetLife Takaful and replicate it in other Muslim markets such as Bangladesh, the Middle East and Indonesia.  http://bit.ly/TAS140519a 

 

Posted by Loo Hai Monday, May 19, 2014 9:20:00 PM Categories: AmMetLife Takaful MetLife
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Multi-Purpose Insurans may see change in owner 

Insurance News

  -  May 16, 2014
MPHB's controlling stake in Multi-Purpose Insurans may be divested to a yet undisclosed party. BNM issued the no-objection notice yesterday for such negotiations to take place.  http://bit.ly/TAS140516a 

 

Posted by Loo Hai Friday, May 16, 2014 7:24:00 PM Categories: Merger Multi-Purpose
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Allianz launches "1 Thing That Matters" 

Insurance News

  -  May 14, 2014
Allianz launches the "1 Thing That Matters" campaign and targets 150,000 new customers this year.  http://bit.ly/TAS140514c 

 

Posted by Loo Hai Wednesday, May 14, 2014 8:58:00 PM Categories: Allianz
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MH370 loss estimated at $350 mil 

Insurance News

  -  May 14, 2014
The insured market loss on MH370 is around $350 mil with Allianz taking a $30 mil hit.  http://bit.ly/TAS140514b 

 

Posted by Loo Hai Wednesday, May 14, 2014 8:54:00 PM Categories: Allianz
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Sanlam considers selling GI business of MCIS to Fairfax 

Insurance News

  -  May 14, 2014
Sanlam is said to be in talks to divest the GI business of MCIS to Fairfax Group which owns Pacific Insurance. Sanlam will end up owning 2 GI licences upon completion of acquisition of MCIS. BNM only allows 1 licence under its regulations.  http://bit.ly/TAS140514a 

 

Posted by Loo Hai Wednesday, May 14, 2014 8:47:00 PM Categories: MCIS Zurich Merger Pacific Sanlam
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