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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.

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An investment-linked product too good to be true 

...and apparently there are people who believe it!

An investment-linked product with a minimum guaranteed rate between FD rates and EPF returns while paying commissions to distributors, salary to staff and at the same time providing insurance protection? Do people actually believe such a product exists?. http://bit.ly/TAS140908a

Monday, September 8, 2014 9:05:00 PM Categories: Investments Product
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European life business unviable due to low interest rates 

Insurance News

  -  September 27, 2013
Low interest rates have made life insurance business increasingly unviable in Europe.
Low rates bite Europe insurers’ profit - Business Times LONDON: Life insurance is becoming an unviable business in Europe as low interest rates reduce insurers’ profits, forcing many to compensate with higher-risk investments or move overseas, according to an industry survey by law firm Linklaters. Fifty-five per cent of 100 top executives at largest insurers believe it may become impossible to provide affordable life cover in Europe. Low interest rates pressure profits at insurance companies because they drive down returns on their investments, such as bonds. Reuters

 

Posted by Loo Hai Friday, September 27, 2013 9:06:00 PM Categories: Investments
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Insurers' call for long-dated bonds answered 

Insurance News

  -  September 26, 2013
The RM2.5 bil 30-year government bonds will debut this week with expected yields in the range of 4.35% to 4.75%. Insurance companies are likely to be interested in the long-dated bonds given their long duration liabilities.
Malaysia debuts longest bonds - Business Times Malaysia will sell 30-year bonds for the first time in its longest-maturity offering to set a benchmark for companies raising funds under Prime Minister Datuk Seri Najib Razak’s US$444 billion development programme.

 

Posted by Loo Hai Friday, September 27, 2013 8:48:00 PM Categories: Investments
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