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FWD Takaful injects RM5 million for para athletes in preparation for 2020 Paralympics

KUALA LUMPUR, 14 Nov -- To ensure the national para athletes can do their best preparation for the 2020 Tokyo Paralympic Games, FWD Takaful Berhad (FWD Takaful), an insurance company, has pledged sponsorship for a one year term worth RM5 million to the National Sports Council (NSC).


Malaysia’s Lonpac Insurance Bhd has excellent credit ratings - AM Best

KUALA LUMPUR, Nov 4 -- AM Best has affirmed the Financial Strength Rating of A (excellent) and Long-Term Issuer Credit Rating of ‘a’ of Lonpac Insurance Bhd (Lonpac) Malaysia.


Japan non-life insurance segment has stable outlook - AM Best

KUALA LUMPUR, Nov 1 -- AM Best, a global credit rating agency is maintaining a stable market segment outlook on Japan’s non-life insurance segment, as domestic insurers record profitable underwriting performance despite significant catastrophe losses.


AM Best releases report on ASEAN insurance market development

KUALA LUMPUR, Oct 31 -- The development of insurance markets in the Association of Southeast Asian Nations (ASEAN) member states has gone hand-in-hand with these countries’ economic growth, and significant potential for future growth remains, according to AM Best.


Syarikat Takaful emerges as top gainer on stronger Q3 results 

KUALA LUMPUR, Oct 25  --  Syarikat Takaful Malaysia Keluarga Bhd emerged as the top gainer on Bursa Malaysia after recording a stronger net profit of RM112.3 million for the third quarter ended Sept 30, 2019 (Q3 2019) on higher net wakalah fee income.


Takaful Malaysia's Q3 net profit rises to RM112.34 mln

KUALA LUMPUR, Oct 24  -- Syarikat Takaful Malaysia Keluarga Bhd’s (Takaful Malaysia) net profit for the third quarter (Q3) ended Sept 30, 2019 rose to RM112.34 million from RM83.96 million posted a year ago.


More than 100,000 employees receive EIS benefits

KUALA LUMPUR, Oct 16  – A total of 109,102 people received the full-fledged benefits of the Employment Insurance System (EIS) from Jan 1 to Aug 31, 2019 involving a payment of RM59.84 million, the Dewan Rakyat was told today.


Further tax relief can boost insurance uptake - Sun Life

KUALA LUMPUR, Oct 9 (Bernama) – A possible increase in tax relief could further boost insurance uptake among the public, says Sun Life Malaysia.


Insurance premium discount for careful drivers from January 2020

SEPANG, Oct 8 -- Careful drivers will get discounts on their insurance premium starting from January, said Transport Minister Anthony Loke.


AmMetLife Takaful sees 38 per cent growth in takaful business

MANCHESTER, Oct 6 -- Ammetlife Takaful Bhd (AmMetLife Takaful) expects its takaful business to record a 38 per cent growth by the end of its financial year ending March 31, 2020, supported by continuous campaigns and cross-selling through its bancatakaful partner, Ambank (M) Bhd. 


Petronas to collaborate with Bank Muamalat on VFP
Bank Muamalat named Khairul Kamarudin as new CEO

 
Bank Muamalat aims to have 15,000 merchants using QR scanning next year

FWD Takaful injects RM5 million for para athletes in preparation for 2020 Paralympics
Malaysia’s Lonpac Insurance Bhd has excellent credit ratings - AM Best

 
Japan non-life insurance segment has stable outlook - AM Best

CLOSING, THURSDAY, NOV 21
US4.1680/1710
S'pore3.0607/0633
100 Yen3.8404/8435
Sterling5.3946/3002
Euro4.6202/6252
Source: Bank Negara Malaysia

Reduction in the overnight policy rate (OPR) by Bank Negara Malaysia would be good for consumer spending and investment;
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No
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