QBE Insurance (M) Bhd expects to continue to grow at above industry average this year, similar to the cumulative annual growth rate (CAGR) of about 16 per cent it achieved over the past five years.&hellip
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Employment Insurance system for productivity
THE Employment Insurance System (EIS), to be implemented next year, is said to benefit about 6.5 million local employees (current count) in the private sector. However, one hears concerns among many quarters. Among the questions&hellip
no new policy on foreign ownership in insurance companies
Malaysia’s central bank said on Tuesday that foreign shareholders of local insurers must honour their commitment in maintaining specified levels of domestic shareholding. Bank Negara Malaysia (BNM) said there is no new policy on foreign&hellip
It’s business as usual for insurers
It’s early days yet to gauge the impact of the detariffication of motor insurance premiums on the listed insurers as they take time to adjust to how the competition reacts. Since last Saturday, insurance companies&hellip
Allianz still eyeing takaful ops
Allianz Malaysia Bhd is still keen on venturing into the takaful business and will continue to be on the lookout for such opportunities. This follows as talks to purchase HSBC Amanah Takaful was discontinued recently,&hellip
Foreign insurers eye stake in Syarikat Takaful
Syarikat Takaful Malaysia Bhd, which is a target for acquisition, could see the entry of a foreign-based insurer buying up a stake in the country’s oldest takaful company. BIMB Holdings Bhd, which owns 60% stake&hellip
FMM: Defer and review Employment Insurance Scheme
The Federation of Malaysian Manufacturers (FMM) is asking the Government to defer and review the implementation of the Employment Insurance Scheme (EIS) as it would be an added tax burden to employers and employees. FMM&hellip
Insurance sector likely to consolidate further
Further consolidation may be in the cards for the Malaysian insurance industry in the years to come as measures to strengthen local insurers and make them more efficient as well as resilient are implemented. Fitch&hellip
Takaful IKHLAS To Introduce Online Platform By Year-end
Takaful Ikhlas Bhd aims to introduce its online platform for basic term life insurance by year-end to encourage youths to obtain insurance coverage. Its Senior Vice-President, Wan Rosli Shaharuddin Wan Yaacob, said with 24/7, 365-day&hellip
Employment Insurance Scheme in 2018
The Employment Insurance System giving employees financial help, upskilling opportunities and job counselling will come into effect in 2018. These long-term benefits will not only protect them but help their bosses as well. The Employment&hellip
