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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 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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Etiqa claims No. 1 spot 

Insurance News

  -  Apr 17, 2013
Etiqa claims that it commands 49.9% and 36.3% of market share in general takaful and family takaful respectively. Its conventional insurance and takaful arms recorded a total combined gross premium and contribution of RM5.4 bil last year.
Etiqa records RM5.4bil gross premium - The Star KUALA LUMPUR: Etiqa Insurance and Takaful Bhd recorded a total combined gross premium and contribution of RM5.4bil for the financial year ended Dec 31, 2012.

 

Posted by Loo Hai Wednesday, April 17, 2013 8:36:00 PM Categories: Etiqa Market Share
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AXA Affin General aims to be in the top 5 

Insurance News

  -  Apr 1, 2013
AXA Affin General is counting on recruitment, product development and innovation to boost its market share of 6% and rank of 7 to be within the top 5 in 3-year time.
AXA Affin has double-digit growth covered - Business Times KUALA LUMPUR: AXA Affin General Insurance Bhd is confident of hitting double-digit growth this year with a gross written premium close to RM1 billion, said its top executive.

 

Posted by Loo Hai Monday, April 1, 2013 10:57:00 PM Categories: Axa Affin Market Share Strategy
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PruBSN achieves 28.4% market share 

Insurance News

  -  Mar 30, 2013
PruBSN new business sales grew 15% on ACE basis in 2012 and achieved a market share of 28.4%.
PruBSN new business sales up 15pc Prudential BSN Takaful Bhd (PruBSN), a shariah-compliant financial services provider, says its new business sales has grown by 15 per cent to RM265.7 million on an annual contribution equivalent basis for the financial year ended Dec 31, 2012.

 

Posted by Loo Hai Saturday, March 30, 2013 8:14:00 PM Categories: Market Share PruBSN
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AIA to return ING's licence by June 

Insurance News

  -  Mar 15, 2013
AIA targets to operate under a single licence by June. The full integration with ING will take 18 to 24 months. In terms of market share, the merged entity ranks number 1 in terms of total premium but number 3 in terms of new business. AIA has filed its PRS product with regulator and target to launch in the next few months.
AIA set to operate under single licence by June - The Star KUALA LUMPUR: American International Assurance Bhd (AIA) is set to operate under a single licence in Malaysia by June, after acquiring ING Group's local insurance operations.

 

Posted by Loo Hai Friday, March 15, 2013 9:04:00 PM Categories: AIA ING Market Share Merger PRS
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Manulife sets to increase its 2% market share 

Insurance News

  -  Dec 23, 2012
To increase its current market share of close to 2%, Manulife is focusing on 4 areas namely distribution, product propositions, services and technology.
George Chew
Manulife eyes four fronts - The Star WITH a relatively small market share in the competitive insurance landscape, Manulife Insurance Bhd is now looking at four fronts which it hopes will propel the company to have a stronger presence and reach in the market.

 

Posted by Loo Hai Sunday, December 23, 2012 4:19:00 PM Categories: Manulife Market Share Strategy
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