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Purpose: This blog provides brief insurance news and digest for the busy executives. It is a handy archive covering major insurance news in Malaysia and nearby countries. 

Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we are not liable for any loss arising from the use of any information contained in this blog.

Reproduction: You may reproduce materials published here provided that the source (actuaries.com.my/insurance-news) is properly acknowledged.

Indonesia insurers to spin off takaful windows within 10 years 

The new law that came into effect last month in Indonesia requires insurers to spin off their takaful windows within 10 years. There were 5 full-fledged takaful operators and 37 takaful windows in Indonesia as of Dec 2012. http://goo.gl/zxP3TH

Tuesday, November 4, 2014 9:21:00 PM Categories: Takaful
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STMB provides bursary to actuarial students 

STMB has provided a RM50,000 bursary scheme to UiTM degree and diploma holders in actuarial scence to sit for the professional exams. http://bit.ly/TAS141007a

Wednesday, October 8, 2014 8:38:00 PM Categories: Takaful
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EY is bullish on the local takaful industry 

Contradicting earlier Allianz' view

Interestingly, EY is fairly bullish on the local takaful industry, contradicting Allianz' view as published 2 days ago which said the takaful market had been stagnant. http://bit.ly/TAS140904a

Thursday, September 4, 2014 7:22:00 PM Categories: Allianz Takaful
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Allianz does not find takaful market appealing 

Allianz believes that it is not economically viable to enter into the local takaful market. The growth in takaful sector is said to be cooling down and the market has been stagnant. http://bit.ly/TAS140902a

Tuesday, September 2, 2014 8:52:00 PM Categories: Allianz Takaful
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Direct channels are critical ETP target this year 

Insurance News

  -  May 13, 2014
One of the critical ETP targets identified by the government this year is to establish a framework for the provision of basic life insurance and family takaful products through direct channels. Advertising and marketing efforts will also be intensified to increase membership of PRS.  http://bit.ly/TAS140513a 


Posted by Loo Hai Tuesday, May 13, 2014 6:38:00 PM Categories: PRS Takaful
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New takaful guidelines for Brunei 

Insurance News

  -  February 19, 2014
Brunei will introduce new guidelines for takaful sector by June to regulate commission rates and to set the minimum requirements to qualify as an agent. http://bit.ly/TAS140219b


Posted by Loo Hai Wednesday, February 19, 2014 9:07:00 PM Categories: Takaful
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Indonesia's insurance companies boosting agent numbers and product ranges 

Insurance News

  -  February 18, 2014
In anticipation of the new law this year that requires takaful firms to be spun off into stand-alone businesses, Indonesia's insurance companies that sell takaful are boosting their agent numbers and product ranges. As of December 2012, Indonesia had 5 full-fledged takaful firms and 37 shariah units of conventional insurers. Consolidation in the market is expected with a minimum capital being required under the new law.  http://bit.ly/TAS140218b 


Posted by Loo Hai Tuesday, February 18, 2014 8:17:00 PM Categories: Takaful
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