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LIAM: New Business Weighted Premium Rises To RM2.56 Billion For 1H17

KUALA LUMPUR, Aug 22 (Bernama) -- The life insurance industry's new business weighted premium rose to RM2.56 billion in the first half of this year (1H17), up 4.7 per cent from RM2.44 billion recorded in the same period last year.

Overseas Assurance Corp Rebranded As Great Eastern Insurance

KUALA LUMPUR, Aug 21 (Bernama) -- Overseas Assurance Corporation (Malaysia) Bhd has been rebranded as Great Eastern General Insurance (Malaysia) Bhd (GEGM).

BNM To Issue Framework To Address Medical Insurance Inflation

KUALA LUMPUR, Aug 18 (Bernama) -- Bank Negara Malaysia (BNM) will come out with a framework as soon as possible to reduce the inflation of medical insurance, which now stands at 12 per cent.

BNM To Issue Framework To Address Medical Insurance Inflation

KUALA LUMPUR, Aug 18 (Bernama) -- Bank Negara Malaysia (BNM) will come out with a framework as soon as possible to reduce the inflation of medical insurance, which now stands at 12 per cent.

Disaster Insurance Scheme To Be Introduced Nationwide - Shahidan

KUALA LUMPUR, Aug 17 (Bernama) -- A Disaster Insurance Scheme to protect flood victims will be implemented soon after the Cabinet's approval for implementation on Aug 11.

Insurance Industry Needs To Continue Innovating To Combat New Competition

KUALA LUMPUR, Aug 16 (Bernama) -- The Labuan International Insurance Association (LIIA) has called on insurance industry players to continue to innovate in order to provide the best-suited solutions, especially on managing and mitigating risks to effectively combat new competition.

Captive Insurance Is Poised To Move Beyond The Predominant Focus

KUALA LUMPUR, Aug 16 (Bernama) -- Captive insurance is poised to move beyond the predominant focus on the single parent-captive model and the exclusive domain of large corporates, said Bank Negara Malaysia.

PIDM Appoints Rahamat Bivi As Board Chairman

KUALA LUMPUR, Aug 10 (Bernama)--The Malaysia Deposit Insurance Corporation (PIDM) has appointed Datuk Seri Dr Rahamat Bivi Yusoff as Chairman of its Board of Directors, for a three-year term, effective Aug 15, 2017.

MII Hopes To Cooperate With Insurance Aggregator Apps

KUALA LUMPUR, Aug 4 (Bernama) -- The Malaysian Insurance Institute (MII) hopes to work together with insurance aggregator applications (apps) to provide more detailed information about insurance products in the country.

PIDM Appoints Rafiz Azuan As CEO

KUALA LUMPUR, Aug 3 (Bernama) -- Perbadanan Insurans Deposit Malaysia (PIDM) has appointed Rafiz Azuan Abdullah as its Chief Executive Officer (CEO), effective Aug 28, 2017.

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Overseas Assurance Corp Rebranded As Great Eastern Insurance
Disaster Insurance Scheme To Be Introduced Nationwide - Shahidan

 
Insurance Industry Needs To Continue Innovating To Combat New Competition

CLOSING, TUESDAY, AUG 22
US 4.2790/2830
S'pore 3.1399/1439
100 Yen 3.9138/9193
Sterling 5.4925/4985
Euro 5.0291/0355
Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Bankerís Cheque, Bank Draft and Cashierís Order. Do you think this additional charge is justified?
 

 
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