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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. 

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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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MNRB to boost Tier 2 capital 

Insurance News

  -  September 4, 2013
MNRB proposes to strengthen its Tier 2 capital via setting up of a subordinated medium term note programme of up to RM250 mil.
Malaysian Reinsurance proposes RM250m debt notes - The Star KUALA LUMPUR: MNRB Holdings Bhd's unit has proposed to set up a subordinated medium term note programme of up to RM250mil in nominal value.


Posted by Loo Hai Friday, September 6, 2013 7:05:00 PM Categories: MNRB RBC
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Etiqa's CAR at 225% 

Insurance News

  -  Mar 12, 2013
Etiqa's capital adequacy ratio (CAR) was 225% at December 2012. With the planned issuance of RM500 mil subordinated bonds, its CAR is expected to exceed 250%.
RAM Ratings assigns AA1 to Etiqa Insurance's proposed RM500m bonds - The Star KUALA LUMPUR: RAM Rating Services Bhd has assigned a final long-term rating of AA1 to Etiqa Insurance Bhd's proposed subordinated bonds of up to RM500mil.


Posted by Loo Hai Tuesday, March 12, 2013 10:24:00 PM Categories: Etiqa Ratings RBC
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RBCT to come live in 2014 

Insurance News

  -  Feb 13, 2013
The RBCT has started its parallel run this year and will be effective in 2014. It is benchmarked against the conventional RBC framework. Capital injection is likely for some takaful players especially those that sold capital-intensive products.
RBC framework ensure healthy takaful growth - Business Times KUALA LUMPUR:The risk-based capital (RBC) framework for the takaful industry is a necessary medicine for healthy growth, especially to an industry still very much in a growing stage, says the Malaysian Takaful Association (MTA).


Posted by Loo Hai Wednesday, February 13, 2013 5:45:00 PM Categories: RBC Regulations Takaful
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HLA to boost CAR to 212% 

Insurance News

  -  Jan 15, 2013
HLA targets its CAR at above 200%. Its tier-1 CAR is at 165% and with the issuance of the proposed subordinated notes, its overall CAR will be boosted to about 212%.
HLA claims-paying ability gets AA2 and P1 ratings - The Star KUALA LUMPUR: RAM Ratings has assigned respective long- and short-term claims-paying ability ratings of AA2 and P1 to Hong Leong Assurance Bhd (HLA).
Posted by Loo Hai Tuesday, January 15, 2013 9:35:00 PM Categories: HLA RBC
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