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.

U for Life may expand into other products 

U for Life, a 40:60 joint venture by Intelligent Life Ltd and Hannover Re, will only work solely with Tokio Marine in the near future. The company may also expand into other insurance products depending on the feedback from its customers. http://j.mp/TAS150727a

Monday, July 27, 2015 5:43:00 PM Categories: Hannover Re Tokio Marine
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PruBSN grew 56% in 1Q 

PruBSN's ACE grew 56% year-on-year from RM76 mil to RM118.4 mil in 1Q 2015 and commanded a market share of 39%. http://j.mp/TAS1500715a

Wednesday, July 15, 2015 8:21:00 PM Categories: PruBSN
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Aman Chowla new CEO for PruBSN 

Aman Chowla has replaced Azim Mithani as the CEO of PruBSN. Meanwhile Azim has taken a new role as the COO of PCA based in Hong Kong. http://j.mp/TAS150713a

Monday, July 13, 2015 9:15:00 PM Categories: Executive Movement PruBSN
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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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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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Allianz launched products for PWDs 

Allianz launched a new YRT plan, Allianz Ability Life, targeting persons with disabilities (PWDs).  2 existing products, viz. Allianz Care Individual and Allianz Individual Personal Accident, have also been extended to PWDs. http://j.mp/TAS1500622b

Posted by Loo Hai Monday, June 22, 2015 8:54:00 PM Categories: Allianz Product
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Uni.Asia General rebranded Liberty Insurance 

Uni.Asia General has been rebranded as Liberty Insurance following acquisition of 87% stake by Liberty Seguros. The company is targeting the motor insurance business given its current market share of only 5% in the sector. http://j.mp/TAS1500609a

Tuesday, June 9, 2015 9:10:00 PM Categories: Liberty Uni.Asia
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