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.

Malaysian Re ventures into retakaful 

Malaysian Re has received BNM's approval to conduct general and family retakaful business. The MNRB group will undertake an internal restructuring exercise following this new development. http://j.mp/TAS150422b

Wednesday, April 22, 2015 8:14:00 PM Categories: Malaysian Re
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PIAM re-elects Chua as chairman 

Chua Seck Guan, the CEO of MSIG, has been re-elected as the Chairman of PIAM. http://j.mp/TAS150422a

Wednesday, April 22, 2015 8:12:00 PM Categories: PIAM
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Fitch predicts more M&A activities 

Fitch Ratings predicts more M&A activities in Malaysia's insurance industry in the near term, fueled by attractive growth prospects and intensified market competition. The GI underwriting performance is expected to remain steady due to favourable margins in fire and non-motor classes. GST is not expected to adversely affect the industry's performance. http://j.mp/TAS150420c

Monday, April 20, 2015 6:16:00 PM Categories: Merger Ratings
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Lloyd's of London eyes Malaysia 

Lloyd's of London is exploring the possibility of setting up its shop in Malaysia. It apparently has been in talks with BNM. http://j.mp/TAS150420b

Monday, April 20, 2015 6:15:00 PM Categories: BNM Lloyd's
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RHB Insurance will see new owners? 

Following the group corporate restructuring of RHB, it is speculated that RHB Insurance may be disposed of or with a strategic partner brought into the picture. RHB Capital's spokeperson however denied that such a move has been planned. http://j.mp/TAS150417a

Friday, April 17, 2015 7:00:00 PM Categories: Merger RHB
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Singapore launches portal for life insurance comparisons 

Singapore launched its first web portal that allows consumers to compare life insurance products of different companies. The portal is a joint effort by the Consumers Association of Singapore, the Monetary Authority of Singapore, the Life Insurance Association of Singapore and MoneySENSE. Consumers can compare features such as premium, guaranteed death benefit, and the surrender values at different years. Life insurance companies also start selling direct purchase insurance. These are simple life insurance products sold without commissions and financial advice. http://j.mp/TAS150407a

Tuesday, April 7, 2015 8:55:00 PM Categories: MAS Nice2Know Product
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Toi elected as LIAM's new President 

Toi See Jong has been elected as the new President of LIAM at LIAM's AGM held last week. Toi replaces Kwo who has helmed LIAM for the past 3 years and stepped down after serving the maximum term of 3 years. http://j.mp/TAS150406a

Monday, April 6, 2015 12:21:00 PM Categories: LIAM
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