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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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News Posts 20120827-20120902 

Insurance

 

News

1 Sep 2012 21:20  -  Public
 
With the acquisition of Jerneh, ACE Jerneh aims to increase its agency business to 40% of its total business within 5 years. The company currently has 1,800 agents. It intends to adopt multi-product, multi-distribution strategy going forward. http://bit.ly/TAS0901b


ACE Jerneh Insurance Bhd expects its agency business to contribute about 40 per cent to its total business in five years, its top executive said.
 
Oliver Tan has been appointed Head of Kuala Lumpur branch and director of reinsurance by Swiss Re. Oliver's areas of responsibility include Vietnam, Cambodia and Laos. http://bit.ly/TAS0901a


KUALA LUMPUR: Swiss Reinsurance Co Ltd (Swiss Re) has appointed Oliver Tan as its head of Kuala Lumpur branch and director of reinsurance.

Insurance

News

31 Aug 2012  -  Public
 
With the adoption of RBC framework for the takaful industry in 2014, there may be opportunities for Zurich to venture into takaful. The company also thinks that the Malaysian takaful market alone is too small for its liking but together with the Indonesian market, it would be different.  Meanwhile Zurich is still discussing with Koperasi on its exit plans with regards to its stake in MCIS Zurich.http://bit.ly/TAS0831b


KUALA LUMPUR: Zurich Financial Group Ltd (Zurich), Switzerland’s biggest insurer, has not ruled out venturing into the takaful business in Malaysia.

Insurance

 

News

31 Aug 2012  -  Public
 
Namlifa has called on BNM to review the OCC guidelines and Replacement of Policy definition. http://bit.ly/TAS0831a
65% of insurance agents earn below RM20,000 a year »
GENTING HIGHLANDS: Figures show that 65% of insurance agents earn below RM20,000 per year.

Insurance

 

News

30 Aug 2012  -  Public
 
ING may now split the auction of its Asian operations into more pieces - 1) Japan; 2) South Korea; 3) Hong Kong; 4) Malaysia & Thailand. The Malaysia & Thailand piece is facing complication as the regulators do not allow 100% foreign ownership. http://bit.ly/TAS0830b


ING is exploring a separate sale of its roughly US$1 billion (RM3.12 billion) Hong Kong insurance business, sources said, a move that could further complicate the auction of its Asian operations. 

Insurance

 

News

30 Aug 2012  -  Public
 
Zurich Insurance is keen to enter into Takaful market in Malaysia.http://bit.ly/TAS0830a


KUALA LUMPUR (Aug 30): Zurich Insurance Group Ltd, a composite insurer, is considering a foray in the Islamic insurance market in Malaysia.

Insurance

News

29 Aug 2012  -  Public
 
Zurich launched 3 new products: 1) CondoPAC 2) ShopPAC & OfficePAC and 3) SmiPAC. These are comprehensive insurance protection plans with 5-in-1 and 10-in-1 coverage. http://bit.ly/TAS0829a


THREE NEW PRODUCTS: Its target is to achieve 5pc of the value for first year and 10pc for second and third years

Insurance

 

News

28 Aug 2012  -  Public
 
Great Eastern sold 25% of its stake in its China Joint Venture to Chongqing City Construction Investment (Group) Co. Ltd. http://bit.ly/TAS0828e


Sale of 25% stake in China Joint Venture to Chongqing City Construction Investment Group

Insurance

 

News

28 Aug 2012  -  Public
 
Etiqa's motor takaful won bronze for 'Best Digital Promotion Marketing Campaign' and 'Best Use of the Internet in a Promotion Marketing Campaign', and silver for 'Best Activity Generating Brand Volume' awards.http://bit.ly/TAS0828d


Etiqa's Motor Takaful clinched three awards at the Promotion Marketing Awards of Malaysia. 

Insurance

 

News

28 Aug 2012  -  Public
 
GE Takaful, which currently ties up with OCBC and MBSB in bancatakaful, aims to secure another 3 strategic tie-ups by 2015. Bancatakaful is expected to contribute 20% of the new business for the operator. http://bit.ly/TAS0828c


KUALA LUMPUR: Great Eastern Takaful Sdn Bhd wants to have at least five bancatakaful partnerships by 2015 in order to become one of the country's top three takaful players.

 

Posted by Loo Hai Sunday, September 2, 2012 5:53:00 PM Categories: ACE Jerneh Etiqa Great Eastern ING Namlifa Swiss Re Zurich
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