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.

Fitch predicts more M&A activities 

Fitch Ratings predicts more M&A activities in Malaysia's insurance industry in the near term, fueled by attractive growth prospects and intensified market competition. The GI underwriting performance is expected to remain steady due to favourable margins in fire and non-motor classes. GST is not expected to adversely affect the industry's performance. http://j.mp/TAS150420c

Monday, April 20, 2015 6:16:00 PM Categories: Merger Ratings
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Insurers not badly affected by floods 

Insurers in Malaysia are not likely to be badly affected by the recent floods. Although the flood losses are estimated to be up to RM2 bil by the government, the insured losses are much lower given the low insurance penetration rate as well as due to the fact that flood damages are not automatically covered. Insurers' losses would have also been capped by reinsurance. http://bit.ly/TAS150203a

Tuesday, February 3, 2015 9:01:00 PM Categories: Ratings
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Life and GI industries low risk 

S&P rates the life and general insurance sectors in Malaysia as low risk. The assessment was based on 5 factors: return on equity, barriers to entry, growth prospects, product risk and institutional framework. http://bit.ly/TAS141229a

Monday, December 29, 2014 9:11:00 PM Categories: Ratings
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Fitch expects insurance sector to remain solid 

Insurance News

  -  July 18, 2014
Fitch Ratings releases its report "Malaysia Insurance Market Dashboard 1H14" and expects market consolidation to continue. The industry's overall capital strength is expected to remain solid. Favourable underwriting margins in fire and other non-motor classes are likely to persist. The strong demand for investment-linked products, underpinned by rising consumers' risk appetite, will offset pressure from lower sales in traditional life products.  http://bit.ly/TAS140718a 


Posted by Loo Hai Friday, July 18, 2014 9:22:00 PM Categories: Ratings
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Life insurance sector receives good ratings from S&P 

Insurance News

  -  April 9, 2014
S&P has rated the local life insurance sector positive on: a) profitability; b) barriers to entry; and c) market growth prospects. On product risk and institutional framework, the industry received neutral rating.  http://bit.ly/TAS140409a 


Posted by Loo Hai Wednesday, April 9, 2014 9:27:00 PM Categories: Ratings
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MNRB Retakaful receives 'BBB+' rating 

Insurance News

  -  September 30, 2013
MNRB Retakaful has received 'BBB+' insurer financial strength rating from Fitch. Positive factors taken into account in the rating were support from MNRB Group, sound capital level and prudent investment strategy while negative factors were competitive and evolving takaful operating environment and high expense ratio. Business portfolio of the company comprises of 60% general retakaful and 40% family retakaful sourced mainly from Malaysia.
Fitch affirms Malaysia's MNRB Retakaful at IFS 'BBB+'/stable - The Edge (Sept 30): The following statement was released by the rating agency. Fitch Ratings has affirmed Malaysia-based MNRB Retakaful Berhad's (MRT) Insurer Financial Strength rating at 'BBB+' with Stable Outlook.


Posted by Loo Hai Monday, September 30, 2013 6:52:00 PM Categories: MNRB Ratings
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Etiqa Takaful needs to improve its risk-based capitalisation 

Insurance News

  -  September 9, 2013
Etiqa Takaful receives 'A' rating from Fitch on its insurer financial strength. Key factors for the rating are leading position, distribution coverage, operating history of 20 years, sound liquidity, favourable operating margins and being subsidiary of Maybank Ageas. Etiqa Takaful's risk-based capitalisation was however assessed as weak by Fitch.
Fitch assigns 'A' rating to Etiqa Takaful's IFS - Business Times Global rating agency, Fitch Ratings, has given an 'A' rating to Etiqa Takaful Bhd's insurer financial strength (IFS), with stable outlook.


Posted by Loo Hai Friday, September 13, 2013 4:45:00 PM Categories: Etiqa Ratings RBC
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