Fitch Ratings: Malaysia takaful growth beats conventional insurance

10 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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4.4 million insurance, takaful policyholders to be reimbursed

19 Dec 2018 - The Star Online
PUTRAJAYA: The Finance Ministry today announced tax exemptions for all individual policyholders who had bought or renewed an insurance or general takaful policy for motor, fire or accident insurance during the tax holiday period from June 1 to Aug 31, 2018. Minister Lim Guan Eng said insurance or takaful ...
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Bank Negara, Dubai FSA enhance supervision of banks, insurers

5 Dec 2018 - The Star Online
KUALA LUMPUR: Bank Negara Malaysia and Dubai Financial Services Authority (DFSA) are working closer together to enhance their supervision of banks and insurance/takaful/reinsurance companies in both countries. Bank Negara and DFSA had on Nov 28 inked an MoU on supervisory cooperation and coordination ...
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CIMB Research upbeat on Maybank unit Etiqa’s overseas growth

8 Nov 2018 - The Star Online
KUALA LUMPUR: CIMB Equities Research sees the potential for Maybank’s group insurance and takaful business to grow in overseas markets, principally in Singapore, Indonesia and the Philippines, where Maybank has strong footholds in commercial banking. It said on Thursday Etiqa can leverage on Maybank’s ...
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Syarikat Takaful profit rises RM50.42mil

28 Jul 2018 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (recorded a higher net profit of RM50.42mil for the second quarter (Q2) ended June 30, 2018 versus RM45.07mil registered in the previous corresponding period. Revenue for the quarter under review increased to RM542.43mil from RM485.34mil previously. ...
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Etiqa wins three awards for best Malaysia general insurer, Takaful company

19 Jul 2018 - The Star Online
KUALA LUMPUR: Etiqa stamped its mark as the best multi-channel distributor of insurance and Takaful products when it won three awards recently in Hong Kong, London and Kuala Lumpur. It said on Thursday it was adjudged Malaysia’s Insurance Company of the Year for General Insurance, an inaugural award ...
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Hong Leong MSIG Takaful to exit general business

1 Jul 2018 - The Star Online
KUALA LUMPUR: Hong Leong MSIG Takaful Bhd (HLMT) will cease to be a composite licensed takaful operator with effect from Sunday, July 1 under 2018 its internal streamlining exercise. HLMT will exit the general takaful business in line with the legislative requirements under Islamic Financial Services ...
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Al Rajhi Bank eyes RM3.5mil in takaful contributions by year-end

7 Jun 2018 - The Star Online
KUALA LUMPUR: Al Rajhi Bank Malaysia aims to garner RM3.5mil in takaful contributions by year-end, leveraging on its partnership with Sun Life Malaysia Takaful Bhd. Al Rajhi Bank Chief Executive Officer (CEO) Steve Chen said the bank is currently on track and is confident of achieving the target. “We ...
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Takaful Malaysia converts its composite licence into single licences

2 Jun 2018 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd (STMB) has announced the conversion of its composite licence into single licences and splitting of the company into two entities to manage the operations of its family and general takaful businesses separately. The conversion of STMB’s composite licence to ...
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Bank Negara issues exposure draft on insurance trade credit

2 Jun 2018 - The Star Online
KUALA LUMPUR: Bank Negara has issued an exposure draft on its proposed requirements for the offering of trade credit insurance and trade credit takaful. In a statement posted on its website yesterday, it also proposes the recognition of trade credit insurance and trade credit takaful as credit risk mitigation ...
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