Great Eastern and Axiata team up to offer insurtech solutions in Malaysia, Indonesia

12 Dec 2019 - The Edge Markets
SINGAPORE (Dec 12): Insurance group Great Eastern has signed a regional strategic partnership with Axiata Digital Capital to provide insurance and takaful (Islamic insurance) products in Malaysia and Indonesia. Axiata Digital Capital, the digital services arm of Malaysian teleco Axiata Group, is a fintech ...
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Takaful's strong partnerships will drive earnings growth, says RHB

7 May 2019 - The Star Online
KUALA LUMPUR: RHB research remains bullish on Syarikat Takaful Malaysia Keluarga on its overall low insurance penetration in Malaysia, better-than-industry growth, strong bancatakaful channel and business digitalisation. Further more, it said Takaful's strong partnership with four major partners including ...
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Quick take: Takaful shares up 5% after results beat estimates

26 Apr 2019 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd’s shares rose in early trading Friday, after the insurer reported better-than-expected results for the latest quarter. The takaful company, the second top gainer on Bursa Malaysia rose 4.9%, or 28 sen to RM6. Syarikat Takaful saw net profit grow by ...
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Etiqa Group insurance and takaful gross premium up 17% to RM7.2b

25 Apr 2019 - The Star Online
KUALA LUMPUR: Etiqa Group Insurance & Takaful's gross premium for FY ended Dec 31, 2018 increased by 17% to RM7.2bil and retained its position as the top online insurer in the country with more than 65% market share. However, profit before tax (PBT) fell by 19% to RM825mil primarily caused by adverse ...
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Alliance Bank, Zurich Malaysia ink bancassurance and bancatakaful agreement

22 Apr 2019 - The Star Online
KUALA LUMPUR: Alliance Bank Malaysia Bhd and its unit, Alliance Islamic Bank Bhd, have inked a 15-year bancassurance and bancatakaful agreement with Zurich General Insurance Malaysia Bhd and Zurich General Takaful Malaysia Bhd which will see a partnership value of RM200 million. The agreement will see ...
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Huge potential for growth

30 Mar 2019 - The Star Online
THE huge potential for growth in Malaysia’s takaful market has attracted FWD Group to set up its presence in the country. Over the week, the Hong Kong-based insurer emerged as the largest shareholder in HSBC Amanah Takaful (M) Bhd after completing its acquisition of a 49% stake in the latter, which would ...
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Takaful Malaysia Keluarga likely to pay special dividend

22 Mar 2019 - The Star Online
PETALING JAYA: There is potential for Syarikat Takaful Malaysia Keluarga Bhd (STMK) to pay out special dividends following its low capital expenditure (capex) requirements, said Affin Hwang Capital Research. “Our investment thesis on STMK is based on its potential to deliver a return on equity (ROE) ...
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Bursa edges higher, Mesiniaga, Takaful among gainers

25 Jan 2019 - The Star Online
KUALA LUMPUR: Bursa Malaysia edged up in early Friday trade as investors sentiment was supported by the firmer key Asian markets while Mesiniaga and Takaful were among the top gainers. At 9.09am, the KLCI was up 2.89 points or 0.17% to 1,696.48. Turnover was 185 million shares valued at RM66.32mil. There ...
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Takaful Malaysia top pick insurer at CIMB Research

25 Jan 2019 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd remains an Add and CIMB Equities Research’s top pick for the Malaysian insurance sector. The research house said on Friday this was based on (1) the positive outlook for growth in the takaful market, and (2) high return on equity (ROE) of more than ...
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Fitch: M’sia takaful growth beats conventional insurance

11 Jan 2019 - The Star Online
SINGAPORE: Fitch Ratings expects Malaysia’s takaful segment to benefit from the government’s push for affordable insurance and higher insurance penetration, particularly as Muslims dominate the country’s population. Greater adoption of technology – particularly in distribution – will be important for ...
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