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Investment returns for local life insurance companies plummet as a result of a recent sharp downturn in the Indonesian Stock Exchange (IDX) Composite index.
KUALA LUMPUR: The overall profitability of life insurance and family takaful funds declined in the second half of 2024 (2H 2024) to RM4.1 billion compared to 1H 2024's RM8.4 billion due to weaker investment performance and larger net underwriting losses.
(Reuters) - Borussia Dortmund coach Niko Kovac on Friday praised Serhou Guirassy's standout contributions for the Bundesliga club this season, highlighting the striker's importance for the side ahead of a league meeting with Augsburg.
KUALA LUMPUR: The National Association of Malaysian Life Insurance and Family Takaful Advisors (Namlifa) has urged the government to address the significant price disparity between insured and cash-paying patients at private hospitals, warning that such discrepancies could make medical insurance unsustainable.
KUALA LUMPUR: The Life Insurance Association of Malaysia, Malaysian Takaful Association and Persatuan Insurans Am Malaysia have jointly proposed key recommendations to the Public Accounts Committee to enhance affordability, transparency and sustainability in Malaysia's healthcare and insurance sectors.
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Sunday (March 30, 2025)
KUALA LUMPUR: Etiqa Life Insurance Bhd (ELIB) has appointed Leong Su Yern as its new chief executive officer (CEO), effective Jan 1, 2025.
BANGKOK: Finance Minister Pichai Chunhavajira (pic) confirmed on Friday (March 28) that the recent earthquake in Thailand has had no effect on the economy and financial structure.
Nippon Life Insurance Co agreed to buy Resolution Life Group Holdings Ltd for about US$8.2bil, the biggest takeover by a Japanese insurer as it seeks to grow beyond the domestic market.
KUALA LUMPUR, The Life Insurance Association of Malaysia (LIAM) on Wednesday launched the Starter Pack Insurance Fund(SPIF) through its i-MULA 50 initiative, designed to make life insurance more accessible and affordable for 100,000 eligible Malaysians.
PETALING JAYA: AMMB Holdings Bhd and US-based MetLife International Holdings LLC have mutually agreed to terminate the proposed disposal of their jointly-owned insurance and takaful businesses to Great Eastern Holdings Ltd, a deal that was initially worth RM1.12bil.
MEDICAL claims inflation has led to a higher rate of claims for medical and health insurance and takaful (MHIT), says Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR: The continuous rise in medical inflation has led to an increase in the claims rate for medical and health insurance and takaful (MHIT), says Finance Minister II Datuk Seri Amir Hamzah Azizan.
KUALA LUMPUR: Sun Life Malaysia has appointed Noor Azam Mohd Yusof as the chief executive officer of Sun Life Malaysia Takaful Bhd (SLMT), effective Feb 3, 2025.
Bank Negara has been busy addressing concerns about skyrocketing health insurance premiums that have been making headlines in the mass media.
KUALA LUMPUR: AMMB Holdings Bhd said the proposed disposal of its insurance business to Great Eastern has been terminated.
SINGAPORE: Malaysian lender AMMB Holdings said on Monday that the proposed sale of its Malaysian insurance businesses, jointly owned with MetLife, to Singapore insurer Great Eastern for RM1.12bil ($249.61 million), has been called off.
PETALING JAYA: As the country prepares to become an ageing nation, the government should consider increasing tax relief for life insurance premiums.
KUALA LUMPUR: Zurich Life Insurance Malaysia Bhd (ZLIMB) has appointed Pauline Teoh as its new chief executive officer (CEO), effective Nov 1, 2024.
HANOI: After a tough year in 2023, the business performance of life insurance companies hasn’t yet recovered.
