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.

AIG provides Firefly travel insurance cover 

AIG has teamed up with Firefly to offer travel insurance. The partnership will run for 3 years until 2018. http://j.mp/TAS1500624a

Posted by Loo Hai Wednesday, June 24, 2015 8:23:00 PM Categories: AIG Product
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AIG retakaful to start by June 

Insurance News

  -  February 18, 2014
AIG targets to start its retakaful operation in Malaysia by June.   http://bit.ly/TAS140218a 


Posted by Loo Hai Tuesday, February 18, 2014 8:10:00 PM Categories: AIG
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Antony Lee is new CEO for AIG 

Insurance News

  -  October 9, 2013
Antony Lee is the new CEO for AIG Malaysia. Meanwhile the previous CEO, Matt Harris, was promoted as Southeast Asia head of country operations.
AIG Malaysia appoints new CEO - Business Times AIG Malaysia Insurance Bhd, the local unit of American International Group's property and casualty insurance business, has appointed Antony Lee as new chief executive officer (CEO).


Posted by Loo Hai Wednesday, October 9, 2013 6:02:00 PM Categories: AIG Executive Movement
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AIG launched CyberEdge 

Insurance News

  -  June 5, 2013
AIG launched a product named CyberEdge which covers companies' liabilities arising due to the loss of corporate information and personal data to cyber crimes.
CyberEdge to boost AIG Malaysia's premium contribution - Business Times KUALA LUMPUR: AIG Malaysia Insurance Bhd expects Malaysia to contribute 10 per cent to the US$2.5 million (RM7.73 million) premiums set for Asia-Pacific this year from its new product CyberEdge.


Posted by Loo Hai Wednesday, June 5, 2013 7:01:00 PM Categories: AIG Product
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AIG launched Injury Guard 

Insurance News

  -  Mar 14, 2013
AIG launched a new A&H product named 'Injury Guard'. It covers death, permanent disablement and injuries due to accident. Hospital income is also provided in the package. Entry age ranges from 18 to 75 and renewable is up to age 85.
AIG Launches New Accident And Health Coverage - Bernama KUALA LUMPUR, March 14 (Bernama) -- American International Group (AIG) Malaysia Insurance Bhd has launched 'Injury Guard', a new accident and health insurance policy.


Posted by Loo Hai Thursday, March 14, 2013 9:19:00 PM Categories: AIG Product
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Tune and AIG interested in internet insurance 

Insurance News

  -  Feb 14, 2013
The rapid growth of digital technology, strong profit margins due to the low cost nature and the abolishment of the tariff structure will spur the growth of online insurance business. Tune Insurance and AIG have so far expressed interest to invest in developing online business.
Online insurance attractive, Tune and others competing for its strong profit margins - The Star KUALA LUMPUR: In a bid to boost bottomlines, more insurers are competing for a larger slice of the online insurance business in view of its strong profit margins.


Posted by Loo Hai Thursday, February 14, 2013 7:04:00 PM Categories: AIG Tune
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AIG and MyEG to offer insurance online 

Insurance News

  -  Jan 24, 2013
AIG has teamed up with MyEG to offer insurance products online. Currently 60% of AIG's revenue comes from its 3,000 agents, 20 to 22% through insurance brokers and the rest through corporate partners. AIG sees good growth in the liabilities sector and indemnity products while home insurance is deemed an area of growth.
AIG: ‘Rosy’ outlook for M'sian insurers - The Star KUALA LUMPUR: The outlook for the Malaysian insurance sector is very bright, according to AIG Malaysia Insurance Bhd chief executive officer Matt Harris. Reason? There is still much upside potential for certain products while the well-regulated environment provides solid growth.


Posted by Loo Hai Thursday, January 24, 2013 5:51:00 PM Categories: AIG Strategy
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