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LIAM committed to increasing life insurance penetration rate

By Ahmad Syabil Sultan Noordin Ahmad

KUCHING, Sept 13  -- The Life Insurance Association of Malaysia (LIAM) is committed to increasing the life insurance penetration rate in the country and is learning from experience.


Govt likely to revise life insurance penetration rate target

KUALA LUMPUR, Sept 10 -- The government is likely to revise the national target of a 75 per cent life insurance penetration rate in 2020, as it is still some distance away from the present rate of 55 per cent, said Finance Minister Lim Guan Eng said.


LIAM appoints new president for 2019/2020 term

KUALA LUMPUR, Sept  3 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) has appointed Loh Guat Lan, Hong Leong Assurance Bhd’s (HLA) chief executive officer (CEO) as its new president during its management committee meeting on Aug 28.


AM Best withdraws credit ratings of AIA New Zealand

KUALA LUMPUR, Sept 3 -- AM Best has affirmed the Financial Strength Rating of A+ (superior) and the Long-Term Issuer Credit Rating of ‘aa-’ of AIA New Zealand Limited (AIA New Zealand).


AM Best gives excellent rating to Macau Insurance Company Limited

KUALA LUMPUR, Sept 3 (Bernama) -- AM Best has affirmed the Financial Strength Rating of A- (excellent) and the Long-Term Issuer Credit Rating of ‘a-’ of Macau Insurance Company Limited (MIC), Macau.


United India Insurance Company Limited’s credit ratings downgraded - AM Best

KUALA LUMPUR, Aug 29  -- AM Best has downgraded the Financial Strength Rating (FSR) to C++ (marginal) from B (fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) to ‘b+’ from ‘bb+’ for United India Insurance Company Limited (United).


PIAM: General insurance industry needs more liberalisation

KUALA LUMPUR, Aug 27 (Bernama) -- The general insurance industry is set to witness challenges ahead after recording a 1.4 per cent drop in gross direct premiums to RM8.915 billion in the first half of 2019 (1H19).


PMB Investment, Zurich Malaysia to co-market each other’s products

PMB Investment Bhd, a wholly-owned subsidiary of Pelaburan MARA Bhd has partnered with Zurich Takaful Malaysia Bhd to co-market and cross sell each other’s product portfolios.


RHB Bank aims to complete insurance arm disposal by Q1 2020

KUALA LUMPUR, Aug 26 (Bernama) -- RHB Bank Bhd hopes to complete the proposed disposal of its insurance arm to Tokio Marine Asia Pte Ltd by the end of the first quarter next year (Q1 2020).


Sun Life Malaysia, healthcare providers offer free diabetes screening programme

KUALA LUMPUR, Aug 23 -- Sun Life Malaysia Assurance Bhd and Sun Life Malaysia Takaful Bhd (Sun Life Malaysia) have partnered with four healthcare providers to conduct Brighter Health Screening Programme to combat the rising threat of diabetes among Malaysians.


Islamic Banking institutions urged to provide training to strengthen SME sector
Govt sets up special committee on Islamic Finance

 
Bank Muamalat's Mohd Arfaizal emerges champion of BNM's elocution contest

LIAM committed to increasing life insurance penetration rate
Govt likely to revise life insurance penetration rate target

 
LIAM appoints new president for 2019/2020 term

CLOSING, FRIDAY, SEP 13
US4.1630/1660
S'pore3.0318/0345
100 Yen3.8550/8581
Sterling5.1829/1883
Euro4.6205/6255
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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