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Malaysia tag returned 520 results

  • Malaysia: Central bank issues draft revised rules on health insurance

    Bank Negara Malaysia (BNM) has issued an exposure draft of a policy document to update the Bank's proposed requirements and guidance for insurers carrying out medical and health insurance/takaful (MHIT) business.

    Asia | 19 Jan 2023
  • Malaysia: Zurich introduces two medical riders

    Zurich Malaysia has announced two new medical riders catering to different customer needs to provide greater access to medical plans for peace of mind.

    Agents | 10 Jan 2023
  • Malaysia: Reinsurer shows more favourable performance in India and MENA

    Malaysian Reinsurance's operating performance is viewed as adequate, as evidenced by a five-year average return-on-equity ratio of 5.6% between fiscal years 2018 and 2022, notes AM Best.

    Asia | 09 Jan 2023
  • Malaysia: More take up flood cover

    Owing to a raised consumer awareness of the risks of damage to property and assets that arose from recent flash floods, the Motor (Comprehensive) insurance flood take-up rate has more than doubled in 1H2022 to 12% compared to 5% for the full year 2021, says the General Insurance Association of Malaysia (PIAM) in a report.

    Asia | 06 Jan 2023
  • Asia: Property reinsurance pricing rises by up to 20% in 1 Jan season

    Property reinsurance pricing on loss free risk and CAT programmes in ASEAN and China varies from +15% to +20% risk adjusted, and even larger increases are seen in Taiwan and Korea, says Gallagher Re in its January 2023 "1st View Market Report" released on 1 January.

    Asia | 05 Jan 2023
  • Malaysia: Central bank seeks to update medical insurance requirements

    Bank Negara Malaysia (BNM) has released an exposure draft setting out the Bank's proposed requirements and guidance in carrying on the medical and health insurance/takaful (MHIT) business.

    Asia | 04 Jan 2023
  • Malaysia: Life insurance, family takaful set to grow

    The new business premiums (NBPs) for the life insurance and family takaful industry is anticipated to chalk up a higher single-digit growth in the second half of 2022 and 2023 amid the challenging market conditions, said RAM Rating Services Bhd.

    Agents | 03 Jan 2023
  • Malaysia: Reinsurer to see moderate underwriting performance

    Malaysian Reinsurance Berhad (Malaysian Re) is expected to achieve recovery in its financial performance in the financial year ending 31 March 2023 (FY23). It is further tightening underwriting terms and conditions to become more selective and reviewing its retrocession arrangement to ensure adequate risk protection, says Fitch Ratings.

    Asia | 16 Dec 2022
  • Malaysia: Financial planners urged to embrace technology to better serve clients

    Financial planners need to embrace technology to better serve their clients, as digital tools can enhance the effectiveness and efficiency of their services, as well as increase their appeal to more technology-savvy investors such as the younger generation.

    Agents | 11 Dec 2022
  • Malaysia: Bank Negara issues policy document on climate risk management

    Bank Negara Malaysia (BNM), the central bank, has issued a policy document setting out principles and requirements on climate risk management and scenario analysis for financial institutions, including insurers and reinsurers, to enhance the financial sector's resilience against climate-related risks and to facilitate a just and orderly transition to a low-carbon economy.

    Asia | 12 Dec 2022