The MCA Civil Society Movement Bureau has set up a non-governmental organisation to seek justice for unfairly treated insurance claimants, says its chief Ng Kian Nam. “The Campaign To Protect The Right Of Insurance Consumers&hellip
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Motorists share struggles dealing with auto insurers, Bank Negara
Motorists are frustrated over problems caused by automotive insurers and the inefficiency of Bank Negara Malaysia’s (BNM) dispute resolution department, the Ombudsman for Financial Services (OFS). During a virtual press conference organised by Bangi MP&hellip
Insurer AXA hit by ransomware after dropping support for ransom payments
Branches of insurance giant AXA based in Thailand, Malaysia, Hong Kong, and the Philippines have been struck by a ransomware cyber attack. As seen by BleepingComputer yesterday, the Avaddon ransomware group claimed on their leak&hellip
Liberty Insurance expects a sharp V-shaped recovery for motor insurance
Liberty Insurance Bhd expects a sharp V-shaped recovery for motor insurance from June 2021 onwards but a prolonged U-shaped recovery in non-motor segment till the fourth quarter (Q4) 2021. Chief executive officer Puneet Pasricha said&hellip
Chubb launches MY Smart Car Insurance for low mileage drivers in Malaysia
Chubb announced today the launch of MY Smart Car Insurance, a flexible, yet comprehensive mileage-based car insurance product tailored specially for low mileage drivers in Malaysia. With the rapid development of the country’s public transportation&hellip
AXA launches enhanced business protection plan
AXA Affin General Insurance Berhad (AXA) has launched an enhanced product, ‘Business Advantage Plus (Enhanced)’ or BAPE, to provide small and medium-sized enterprises (SMEs) with continuous protection and financial support. This business protection plan is&hellip
Allianz’s earnings increase in FY20 on higher gross written premiums
Allianz Malaysia Bhd’s net profit increased 5.7 per cent to RM520.33 million during the financial year ended December 31, 2020 (FY20) from RM492.48 million recorded in FY19. The group’s revenue in FY20 increased 7.4 per&hellip
Gibraltar BSN appoints new CEO
Gibraltar BSN Life Bhd has today appointed Lee Kok Wah as its new chief executive officer, succeeding Rangam Bir whose term of tenure ended on January 23 this year. Previously chief financial officer of Gibraltar&hellip
Khoo Ai Lin is the new CEO for Zurich Life Insurance
Zurich Malaysia today announced the appointment of Khoo Ai Lin as the new chief executive officer (CEO) of Zurich Life Insurance Malaysia Bhd (ZLIMB) effective January 4, 2021. In this role, Ai Lin will be&hellip
Malaysia’s first online combo insurance package offers comprehensive 3-in-1 coverage
Picking the right insurance plan is never easy. There are just so many elements to take into account, especially when you have to plan and divide your money to afford multiple insurance packages like life&hellip
