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.

Great Eastern loses its Group CEO to Aviva 

Insurance News

  -  June 27, 2014
Chris Wei, the Group CEO of Great Eastern, has been poached by Aviva's chief executive Mark Wilson, to become CEO Global Life Insurance and Chairman Asia. Chris and Mark were colleagues in AIA. Chris is due to leave Great Eastern in September and join Aviva in October. http://bit.ly/TAS140627a 

 

Posted by Loo Hai Friday, June 27, 2014 9:44:00 AM Categories: Aviva Executive Movement Great Eastern
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Pacific completed due diligence on MCIS? 

Insurance News

  -  June 25, 2014
According to unnamed sources, Pacific Insurance has completed the due diligence on the GI business of MCIS. A team has also been set up to oversee the integration of the operations of the 2 companies.  http://bit.ly/TAS140625a 

 

Posted by Loo Hai Wednesday, June 25, 2014 9:20:00 PM Categories: MCIS Zurich Merger Pacific
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MAA eyes Southern Philippines for takaful expansion 

Insurance News

  -  June 20, 2014
MAA is eyeing the Takaful market of the Philippines, in particular in the southern Philippines including Mindanao.  http://bit.ly/TAS140620a 

 

Posted by Loo Hai Friday, June 20, 2014 9:11:00 PM Categories: MAA
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MAS approves Etiqa Insurance Ptd Ltd 

Insurance News

  -  June 18, 2014
Etiqa Insurance Pte Ltd has received approval from MAS to operate as a direct insurer for life and non-life segments in Singapore.  http://bit.ly/TAS140618a 

 

Posted by Loo Hai Wednesday, June 18, 2014 10:36:00 PM Categories: Etiqa
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Tokio Marine launches Essential Elite SaverPlus with RHB 

Insurance News

  -  June 17, 2014
Tokio Marine Life launched Essential Elite SaverPlus product with its bancassurance partner RHB Bank and aims to secure RM7.5 mil premiums or 3000 policies by year end. The product pays guaranteed cash payments of up to 4% of basic SA every 2 years and has a 100% refund of premium guarantee at maturity.  http://bit.ly/TAS140617b 

 

Posted by Loo Hai Tuesday, June 17, 2014 7:22:00 PM Categories: Product Tokio Marine
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AIA's online business will form 5-10% of total business 

Insurance News

  -  June 17, 2014
AIA will offer some simple life insurance products online in the next 6 to 9 months and expects online business to form 5-10% of the total business. The company grew by 37% in Q1 compared to the 9% industry growth.  http://bit.ly/TAS140617a 

 

Posted by Loo Hai Tuesday, June 17, 2014 7:11:00 PM Categories: AIA
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AIA unveils its new financial centre 

Insurance News

  -  June 16, 2014
AIA will focus in growing its takaful business in 2H. The company has also unveiled its newly-refurbished AIA Financial Centre, a new 5000 sq ft customer service centre and a 6000 sq ft staff recreational area with a gym, a 300-seating auditorium and a staff lounge with pool tables, video game consoles and a jukebox.  http://bit.ly/TAS140616a 

 

Posted by Loo Hai Monday, June 16, 2014 9:25:00 PM Categories: AIA
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