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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.

Takaful Malaysia's net profit grows 11% 

Takaful Malaysia's net profit grows 11%TAS160128a

Thursday, January 28, 2016 10:15:00 AM Categories: STMB
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STMB pays RM110 mil for bancatakaful partnership 

STMB has entered into a 10-year exclusive bancatakaful deal with RHB Islamic Bank for a fee of RM110 million. The deal covers both family and general takaful products. http://j.mp/TAS150827a

Thursday, August 27, 2015 6:34:00 PM Categories: Bancassurance STMB
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STMB to acquire takaful company before 2018 

STMB is looking to acquire a local takaful company before the 2018 deadline of separation of life and general insurance businesses. http://j.mp/TAS1500513b

Wednesday, May 13, 2015 11:10:00 PM Categories: Merger STMB
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Takaful sector to see M&A activities 

Insurance News

  -  May 26, 2014
Analysts foresee some consolidation activities in takaful sector in view of the requirements under IFSA to split family and general takaful operations by 2018. Potential candidates for M&A include STMB and Takaful Ikhlas.  http://bit.ly/TAS140526a 

 

Posted by Loo Hai Monday, May 26, 2014 9:24:00 PM Categories: Ikhlas Merger STMB
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STMB delivered improved results 

Insurance News

  -  February 17, 2014
STMB posted 37.4% improvement in full-year earnings and 6.5% increase in revenue in 2013.  http://bit.ly/TAS140217a 

 

Posted by Loo Hai Monday, February 17, 2014 8:28:00 PM Categories: STMB Takaful
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STMB share price surges 

Insurance News

  -  August 15, 2013
Insurance stocks have enjoyed a good run in the local share market recently. In particular, STMB stocks have run up close to 75% this year alone.
Insurance stocks on upward momentum - The Star PETALING JAYA: Shares of insurers on Bursa Malaysia have been getting some attention lately among certain investors as they catch up in price, tradability and valuations with the wider financial services sector.

 

Posted by Loo Hai Thursday, August 15, 2013 9:21:00 PM Categories: STMB
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Improved Takaful myGen Life in the pipeline 

Insurance News

  -  July 29, 2013
STMB plans to introduce improved version of Takaful myGen Life and launch a new standalone health takaful by the end of the year to boost revenue.  It expects its revenue to grow at 20%, the same growth rate as the industry.
Takaful Malaysia sees better H2 growth - Business Times PETALING JAYA: Syarikat Takaful Malaysia Bhd (Takaful Malaysia) expects its revenue growth to equal the industry growth of 20 per cent this year.

 

Posted by Loo Hai Monday, July 29, 2013 5:45:00 PM Categories: Product STMB Strategy
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