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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.

Allianz expects market to be flat and challenging 

Allianz expects the business and investment outlook to be difficult for the remaining year. The insurance industry growth is expected to remain flat for 2015. http://j.mp/TAS150827b

Thursday, August 27, 2015 6:40:00 PM Categories: Allianz Outlook
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GI growth rate revised down 

PIAM has revised down the general insurance growth rate to 3-4% from 5.5-6.5%, citing weakening ringgit, cautious economic outlook and moderation in consumer spending post GST. In 1H 2015, the industry grew 2.3% compared with 6.4% for the same period last year. http://j.mp/TAS150813a

Thursday, August 13, 2015 6:19:00 PM Categories: Outlook PIAM
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Single digit growth for insurance industry 

CIMB Research forecasts single digit growth rates for both life and general insurance industry at 7-8% and 5-6% respectively. Higher growth rates are however forecast for family takaful (12-15%) and general takaful (10-12%). http://j.mp/TAS150805a

Wednesday, August 5, 2015 5:59:00 PM Categories: Outlook
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Allianz revises down growth target 

Allianz has revised down its growth target from double to single digit citing the current challenging economic climate. http://j.mp/TAS150709a

Thursday, July 9, 2015 7:17:00 PM Categories: Allianz Outlook
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P&O cautious on outlook 

P&O is cautious on its business outlook given the uncertainties in the global economy. The company's claims ratio stands at 70% and has 3-5% market share. http://j.mp/TAS150325a

Wednesday, March 25, 2015 4:46:00 PM Categories: Outlook P&O
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Allianz optimistic despite challenges 

Allianz recognises that year 2015 would be more challenging on the back of a global economic slowdown and implementation of GST. However the group is optimistic and is targeting a double-digit growth in GWP. http://bit.ly/TAS150304a

Wednesday, March 4, 2015 7:19:00 PM Categories: Allianz Outlook
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Life insurance industry expects strong single digit growth in 2015 

The life insurance industry's new business APE grew 5.5% in 2014 to reach RM4.71 bil. The sum assured per capita increased to RM38,449 in 2014 from 36,387 in 2013. For 2015, the industry is expected to achieve a strong single digit growth. http://bit.ly/TAS150213a

Friday, February 13, 2015 6:40:00 PM Categories: LIAM Outlook
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