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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.

PruBSN grew 56% in 1Q 

PruBSN's ACE grew 56% year-on-year from RM76 mil to RM118.4 mil in 1Q 2015 and commanded a market share of 39%. http://j.mp/TAS1500715a

Wednesday, July 15, 2015 8:21:00 PM Categories: PruBSN
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Aman Chowla new CEO for PruBSN 

Aman Chowla has replaced Azim Mithani as the CEO of PruBSN. Meanwhile Azim has taken a new role as the COO of PCA based in Hong Kong. http://j.mp/TAS150713a

Monday, July 13, 2015 9:15:00 PM Categories: Executive Movement PruBSN
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PruBSN increased market share 

PruBSN's market share increased from 27.1% in 2013 to 33.1% in 2014. The ACE grew 26.4% to RM340.1 mil from RM269.2 mil a year earlier. http://j.mp/TAS1500508b

Saturday, May 9, 2015 12:42:00 PM Categories: Market Share PruBSN
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PruBSN Mobility and Navigator 

Insurance News

  -  February 19, 2014
PruBSN launched 2 apps: PruBSN Mobility and PruBSN Navigator. PruBSN Mobility enables agents to make a complete sales submission from tablet while PruBSN Navigator is a smartphone application that provides information on company's network hospitals and estimated room rates.  http://bit.ly/TAS140219a

 

Posted by Loo Hai Wednesday, February 19, 2014 9:01:00 PM Categories: PruBSN
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PruBSN launched HealthEnrich 

Insurance News

  -  October 18, 2013
PruBSN has made available its new medical plan HealthEnrich to Saadiq's customers. HealthEnrich is a comprehensive medical plan attachable to investment-linked plans.
PruBSN HealthEnrich for Saadiq customers - The Sun Daily KUALA LUMPUR (Oct 18, 2013): Prudential BSN Takaful Bhd's (PruBSN) new medical plan known as HealthEnrich will be made available to Standard Chartered Saadiq Bhd's customers.

 

Posted by Loo Hai Friday, October 18, 2013 5:54:00 PM Categories: Medical Product PruBSN
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Uni.Asia Life found new buyers 

Insurance News

  -  August 15, 2013
Another acquisition in the making. The Prudential Insurance Company of America and BSN have teamed up (70:30 JV) to acquire Uni.Asia Life for RM518 mil. The application has been submitted to Minister of Finance for approval. It is interesting to note that post acquisition, BSN will be working with both UK and US Prudential in 2 different companies (PruBSN Takaful and Uni.Asia Life).
Bank Simpanan-Prudential JV eyes Uni.Asia Life in RM518m deal - The Star KUALA LUMPUR: Bank Simpanan Nasional (BSN) and The Prudential Insurance Company of America have teamed up to look into the acquisition of the 100% stake in Uni.Asia Life Assurance Bhd for RM518mil.

 

Posted by Loo Hai Thursday, August 15, 2013 8:52:00 PM Categories: BSN Merger PruBSN Prudential Uni.Asia
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General takaful licences up for grabs? 

Insurance News

  -  June 24, 2013
HSBC Amanah Takaful, PruBSN, HLMT and maybe even CIMB Aviva Takaful are considering disposing their general takaful business, given that under IFSA their family and general takaful businesses are to be separated into 2 legal entities with minimum capital of RM100 mil each. The small size of their general takaful business means that injection of new capital is hardly sensible from commercial point of view.
Takaful companies plan to dispose general biz - The Sun Daily PETALING JAYA (June 24, 2013): At least three Islamic insurers are considering disposing their general takaful business ahead of the Islamic Financial Services Act 2013 (IFSA), which comes into force next month.

 

Posted by Loo Hai Monday, June 24, 2013 6:39:00 PM Categories: Aviva CIMB FSA Hong Leong MSIG HSBC Amanah Takaful Merger PruBSN Takaful
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