MSIG

Insurance sector may grow 4% to 5% in 2016

The insurance industry is projected to grow by 4% to 5% in 2016, said MSIG Insurance (M) Bhd chief executive officer Chua Seck Guan. “In terms of growth percentage, we used to plan for 6% to 8% growth on a good year but then, moving forward, we had to change…

PIAM

Industry Players Express Confidence In Malaysia’s General Insurance Market

Despite an anticipated slower growth for the general insurance industry in 2016, industry players have, however, expressed confidence in the Malaysian market. “You may say that the actual growth of the general insurance industry in Malaysia was below expectations this year. But, it was still positive and strong,” said QBE…

playstore description image1

New Mobile Application that goes after irresponsible drivers

Malaysians who has the care-less attitude whereby they think they can simply park their car without regards toward other road users, should now be warned!  There is a new mobile app, known as “Citizen Squad” whereby they are recruiting civil-minded road users in battling against irresponsible road users. This mobile…

uber-grab-car

Gov’t mulling over Uber, GrabCar with conditions

PETALING JAYA: The government is considering legalising ride-sharing services, such as Uber and GrabCar on the condition they comply with requirements it sets. Berita Harian reported today that Deputy Transport Minister Aziz Kaprawi said a formula and announcement on the matter will be disclosed after a lab, involving the ministry…

zurich-logo

Zurich Looks To Double Premiums To RM3 Billion

Zurich Insurance Malaysia Bhd is looking to double premiums to RM3 billion in the near future from RM1.5 billion to date, says Chief Executive Officer Philip Smith. The insurance company also expects to grow its market share to five per cent in the next five years from around 3.5 per…

uber-grab-car

Uber and GrabCar riders not covered by insurance, says association

Uber and GrabCar riders are putting themselves at risk, taxi drivers have said, with an online poll showing the public favoured regulating these service. Federal Territories and Selangor Taxi Association president Datuk Aslah Abdullah said Uber and GrabCar riders were not covered by insurance. “If an accident happens, who will…

axa insurance

Tops in insurance – AXA

AXA Group moves into Top 50 of best global brands ranking by Interbrand, and named No 1 insurance brand INSURANCE and asset management corporation AXA Group recently moved into the Top 50 of Interbrand’s Best Global Brands 2015 ranking, moving up five spots to 48 from last year. It was…

zurich-logo

Zurich Malaysia Launches Medical Insurance Plan With 10 Per Cent NCB Reward

Zurich Insurance Malaysia Bhd (ZIMB)today launched a medical insurance plan, Omni Health, the first in the market which offers cash back on premiums paid under its no claim bonus (NCB) benefits to give customers more reason to stay fit. Chief Executive Officer Philip Smith said the ten per cent cashback…

NCSM logo

‘Boost breast cancer policy’

Insurance companies should provide better coverage for breast cancer, said National Cancer Society of Malaysia principal patron Tan Sri Rafidah Aziz. They should offer mammogram screening to those qualified, cover those with benign lumpy breast for breast cancer, pay out to those diagnosed with Stage 0 cancer (carcinoma in situ)…

LIAM

LIAM Wants Separate Tax Relief For EPF Contributions, Tax Cut For Life Insurance Premiums

The Life Insurance Association of Malaysia (LIAM) wants a separate tax relief for the Employees Provident Fund (EPF) contributions and tax deduction for life insurance premiums. In a statement today, LIAM said its Wishlist for 2016 Budget was for the change so that it would promote financial planning and create…