RAM sees firm growth for life insures, flat for general biz

26 Feb 2018 - The Star Online
KUALA LUMPUR: RAM Ratings expects Malaysia's general insurance and takaful premiums and contributions to stay flat in 2018. The rating agency said on Monday the flat outlook would be due to competitive pressures, progressive impact of tariff liberalisation, and still-weak consumer sentiment that will ...
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RM1.38t sum assured in life insurance sector

14 Feb 2018 - The Star Online
KUALA LUMPUR: Future growth for the life insurance sector remains promising as the percentage of Malaysians with life insurance or takaful plans is still low at 54%, said Life Insurance Association of Malaysia president Toi See Jong. The sum assured of the life insurance industry in Malaysia amounted ...
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Growth momentum of Takaful insurance to outpace conventional, says Kenanga

26 Jan 2018 - The Star Online
KUALA LUMPUR: Kenanga Research is positive on Syarikat Takaful Malaysia for its better-than-expected FY17 net profit on higher investment income and and lower-than-expected claims incurred ratio. "We like Takaful for its decent earnings prospects, driven by resilient demand for Takaful products. Its ...
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Syarikat Takaful gains 3% as Q4 profit rises 43%

26 Jan 2018 - The Star Online
KUALA LUMPUR: Shares of Syarikat Takaful Malaysia Bhd advanced 3% in early trade on Friday after reporting a 43% rise in fourth quarter earnings. The counter rose 11 sen, or 3.06% to RM3.70 and was the top gainer on Bursa Malaysia. Syarikat Takaful Malaysia Bhd saw its net profit for the fourth quarter ...
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Takaful Malaysia to step up digital push

25 Jan 2018 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd is embarking on multiple digital initiatives, including online marketing, after full-year net profit tops RM200mil for the first time. The company, in a filing with Bursa Malaysia today, said net profit in the last quarter ended Dec 31, jumped 43% to RM56.3mil ...
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Hong Leong MSIG Takaful appoints Mohd Asri as new CEO

11 Jan 2018 - The Star Online
KUALA LUMPUR: Hong Leong MSIG Takaful Bhd (HLMT) has appointed Mohd Asri Omar as its new chief executive officer, effective Jan 2, 2018. It said Mohd Asri’s role is to drive and execute transformation strategies to achieve profitable growth, accelerate the returns of shareholders, and ensure the operational ...
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Takaful Malaysia forms partnership with Ambank Islamic

5 Dec 2017 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd said it has formed a partnership with AmBank Islamic Bhd and will market its general takaful products to its customer base across the country. The takaful operator said that at the initial stage, general takaful products for motor, fire/house and personal accident ...
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Takaful Malaysia to sell its stake in Indonesian subsidiary

3 Nov 2017 - The Star Online
KUALA LUMPUR: Syarikat Takaful Malaysia Bhd (STMB) will be pocketing 7 billion rupiah (RM2.19mil) by selling its 64.7% effective equity interest in Indonesia-based PT Asuransi Takaful Umum (ATU), a general takaful operator that was initially targeted for liquidation. In a statement to Bursa Malaysia ...
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UOB Kay Hian positive on Hong Leong Bank fintech initiatives

23 Oct 2017 - The Star Online
KUALA LUMPUR: UOB Kay Hian Research maintained its Buy recommendations on Hong Leong Bank, Tune Protect Group and Syarikat Takaful Malaysia Bhd which are all actively developing their respective fintech and insurtech platforms. The research house said on Monday that within its financial sector coverage, ...
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Takaful to continue growth momentum, says Kenanga

23 Oct 2017 - The Star Online
KUALA LUMPUR: Kenanga Research has maintained Outperform on Syarikat Takaful Malaysia with an unchanged target price of RM4.27. Takaful's 9M17 net profit of RM48.6mil brought 9M17 core net profit to RM150.4mil, which made up 77% and 76% of Kenanga Research's and consensus full-year forecasts. "As expected, ...
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