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.

Tune Ins not acquiring PT Asuransi Staco Mandiri 

Tune Ins has terminated the conditional binding offer for the acquisition of PT Asuransi Staco Mandiri. http://j.mp/TAS150827c

Thursday, August 27, 2015 6:46:00 PM Categories: Merger Tune
Rate this Content 0 Votes

Allianz expects market to be flat and challenging 

Allianz expects the business and investment outlook to be difficult for the remaining year. The insurance industry growth is expected to remain flat for 2015. http://j.mp/TAS150827b

Thursday, August 27, 2015 6:40:00 PM Categories: Allianz Outlook
Rate this Content 0 Votes

STMB pays RM110 mil for bancatakaful partnership 

STMB has entered into a 10-year exclusive bancatakaful deal with RHB Islamic Bank for a fee of RM110 million. The deal covers both family and general takaful products. http://j.mp/TAS150827a

Thursday, August 27, 2015 6:34:00 PM Categories: Bancassurance STMB
Rate this Content 0 Votes

Life insurance industry suffered negative growth 

Life insurance NB weighted premiums dipped 0.7% in 1H 2015 compared with the same period last year. The gross sum assured on the other hand rose 8.1%. http://j.mp/TAS150817a

Monday, August 17, 2015 8:33:00 PM Categories: LIAM
Rate this Content 0 Votes

GI growth rate revised down 

PIAM has revised down the general insurance growth rate to 3-4% from 5.5-6.5%, citing weakening ringgit, cautious economic outlook and moderation in consumer spending post GST. In 1H 2015, the industry grew 2.3% compared with 6.4% for the same period last year. http://j.mp/TAS150813a

Thursday, August 13, 2015 6:19:00 PM Categories: Outlook PIAM
Rate this Content 0 Votes

Single digit growth for insurance industry 

CIMB Research forecasts single digit growth rates for both life and general insurance industry at 7-8% and 5-6% respectively. Higher growth rates are however forecast for family takaful (12-15%) and general takaful (10-12%). http://j.mp/TAS150805a

Wednesday, August 5, 2015 5:59:00 PM Categories: Outlook
Rate this Content 0 Votes
  • RSS
  • Subscribe