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.

AmGeneral eyes takaful licence 

AmGeneral does not rule out acquiring a general takaful licence. http://j.mp/TAS151124a

Tuesday, November 24, 2015 8:33:00 PM Categories: AmG
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AmG launched Perfect Rider Plus 

AmG has launched Perfect Rider Plus, the enhanced version of its previous Perfect Rider plan and aims to secure 20,000 policy holders with targeted premium of RM10 mil. http://bit.ly/TAS150209a

Monday, February 9, 2015 3:52:00 PM Categories: AmG Product
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Derek Roberts new CEO for AmGeneral 

Replacing Travis Atkinson who returns to NZ

BNM has approved Derek Roberts as the new CEO for AmGeneral, replacing Travis Atkinson who will return to IAG New Zealand. http://bit.ly/TAS140917a

Thursday, September 18, 2014 8:17:00 AM Categories: AmG Executive Movement
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AmBank considers strategic collaborations with other insurers 

Insurance News

  -  August 17, 2013
AmBank is exploring options to grow its life and takaful businesses and is open to strategic collaborations with other insurers.
AMMB open to strategic collaborations with third party insurer, says Alliance Research - The Edge KUALA LUMPUR (Aug 17): Alliance IB Research has maintained its Neutral rating on AMMB Holdings Bhd (AMMB) at RM7.96 with a lower target price of RM7.89 (from RM8.07) and said AMMB open to strategic collaborations with third party insurer to accelerate its expansion plan.


Posted by Loo Hai Saturday, August 17, 2013 7:25:00 PM Categories: AmG AmMetLife AmMetLife Takaful Bancassurance Strategy
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Acquisition of Kurnia increases scale which gives pricing advantage 

Insurance News

  -  Apr 14, 2013
The acquisition of Kurnia Insurans is to increase the scale which becomes important with the planned de-tariff. Scale allows pricing advantage as you gain more insight. General insurance also gives a higher ROE than banking in Malaysia, a fact that is not that well understood in the industry.  An information memorandum for prospective new investors in AmLife and AmTakaful was planned to be issued last week.
AMMB stays in shape to compete and grow its business - The Star FOR the mid-tier and smaller banks that are competing against the giants of the industry, it's all about fighting fit and staying in the game.


Posted by Loo Hai Sunday, April 14, 2013 6:56:00 PM Categories: AmG AmMetLife AmMetLife Takaful Kurnia Merger Strategy Tariff
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Recent M&As and the strategies 

Insurance News

  -  Mar 16, 2013
A compilation of some recent mergers and acquisitions in the market and the strategies of the merged entities, covering Sun Life, AIA, AmGeneral, Berjaya Sompo, Khazanah. "AmG looking for a partner to develop Kurnia"? I think this must be a mistake. First, they are now called AmGeneral and no longer AmG. And why would they look for a partner when they already have IAG? I think the writer got confused with AmLife? Anyone can confirm this?
Major insurance companies angling for market share amid fast expanding economies - The Star A FLOURISHING middle class and a burgeoning economy driven by domestic and intra-regional trade, Asean looks set to become a battlefield for insurance giants clamouring for a piece of the pie.


Posted by Loo Hai Saturday, March 16, 2013 9:14:00 PM Categories: AIA AmG Berjaya Sompo Kurnia Strategy Sun Life
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Combined AmG and Kurnia entity is named AmGeneral 

Insurance News

  -  Mar 3, 2013
The combined entity of AmG and Kurnia will be named AmGeneral. For marketing purposes, the company will however maintain both AmG and Kurnia brand names.
AmBank renames insurance subsidiary to AmGeneral Insurance - Business Times KUALA LUMPUR: AmBank Group has renamed its general insurance subsidiary to AmGeneral Insurance Bhd, following the completion of the Kurnia Insurans (M) Bhd acquisition.


Posted by Loo Hai Sunday, March 3, 2013 4:56:00 PM Categories: AmG Kurnia
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