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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.

DBS' bancassurance deal attracts many insurers 

DBS Bank's exclusive 15-year bancassurance deal has attracted many insurers including AIA, Prudential, Manulife, Aviva and Sun Life. http://bit.ly/TAS150205b

Thursday, February 5, 2015 6:04:00 PM Categories: AIA Aviva Bancassurance Manulife Prudential Sun Life
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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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Sun Life Malaysia kicks off with RM640 mil target 

Insurance News

  -  August 22, 2013
Sun Life Malaysia, the new player in the local insurance and takaful industries, is targeting first year annualised premium of RM640 mil for this year.
Sun Life aims to achieve RM640m FYAP - Business Times SUN Life Malaysia, a new player in the Malaysian insurance market, aims to achieve first year annualised premium (FYAP) of RM640 million for fiscal year 2013.


Posted by Loo Hai Thursday, August 22, 2013 6:40:00 PM Categories: Aviva CIMB Strategy Sun Life
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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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Acquisition of CIMB Aviva completed 

Insurance News

  -  Apr 12, 2013
Sun Life and Khazanah have completed the acquisition of CIMB Aviva. Ooi Say Teng, the ex-CEO of Uni.Asia Life has been named the new CEO of the company. The company will be rebranded once regulatory approval is obtained.
Sun Life Financial And Khazanah Complete Acquisition Of CIMB Aviva - Bernama KUALA LUMPUR, April 12 (Bernama) -- Sun Life Financial Inc and Khazanah Nasional Bhd Friday announced that they have completed the acquisition of CIMB Aviva Assurance Bhd and CIMB Aviva Takaful Bhd (together, the company) after having obtained approvals from both Malaysian and Canadian regulatory authorities.


Posted by Loo Hai Friday, April 12, 2013 9:42:00 PM Categories: Aviva CIMB Executive Movement Merger
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Sun Life's plans for CIMB Aviva 

Insurance News

  -  Mar 14, 2013
Post acquisition of CIMB Aviva, Sun Life wants to introduce a broader product suite including more accident and health coverages. The company will be rebranded. Distribution will be mainly through bancassurance with CIMB bank and BSN.
CIMB Aviva New shareholder Sun Life to introduce broader life insurance products - The Star PETALING JAYA: Canadian insurance giant Sun Life Financial Inc will be undertaking aggressive plans to grow CIMB Aviva, the insurance unit it recently acquired with partner Khazanah Nasional Bhd.


Posted by Loo Hai Thursday, March 14, 2013 9:28:00 PM Categories: Aviva CIMB Product Strategy Sun Life
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Aviva Asia appoints Khor Hock Seng CEO 

Insurance News

  -  Jan 29, 2013
The former AIA's CEO in Malaysia, Khor Hock Seng, has been appointed the CEO of Aviva Asia. He will take on his new role on 8 March and will be based in Singapore.
Aviva brings on board former AIA exec Khor as new Aviva Asia CEO - International AdviserAviva has appointed former AIA Malaysia managing director Khor Hock Seng as chief executive of Aviva Asia.


Posted by Loo Hai Tuesday, January 29, 2013 6:38:00 PM Categories: AIA Aviva Executive Movement
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