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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.


Gibraltar BSN launches Malaysia’s first WhatsApp e-Policy delivery system

KUALA LUMPUR, Aug 23  -- Life insurance company, Gibraltar BSN Life Bhd, has launched the first-in-market WhatsApp e-Policy delivery system and a Chatbot to provide instant, efficient and superior customer service, called GINA (Gibraltar INtelligent Assistant).


Allianz Q2 net profit rises to RM117.67 mln on higher operating revenue

KUALA LUMPUR, Aug 22 -- Allianz Malaysia Bhd posted a higher net profit of RM117.67 million for the second quarter ended June 30, 2019 (Q2 2019) from RM89.87 million recorded in the same period last year due to higher operating revenue.


Singapore-based Axinan secures Labuan FSA's General, Reinsurance licence

KUALA LUMPUR, Aug 21 (Bernama) -- Singapore-based insurtech firm Axinan, through its subsidiary, Axinan Labuan Ltd, has secured a combined General and Reinsurance licence, issued by the Labuan Financial Services Authority (Labuan FSA), a statutory regulator under the Ministry of Finance.


Finance Ministry: No insurance company making big bucks from mySalam

PUTRAJAYA, Aug 21 -- Not a single insurance company is profiting from the national health protection scheme, mySalam, asserted the Finance Ministry today.


Insurance coverage for longhouses

KUCHING, Aug 20 (Bernama) -- Allianz General Insurance Company (Malaysia) Berhad has come up with an affordable insurance coverage plan for longhouses.


AIA appoints Ben Ng as CEO

KUALA LUMPUR, Aug 20 (Bernama) --AIA Bhd has appointed Ben Ng as its new chief executive officer, effective Aug 15, 2019.


CIMB Islamic, Takaful Ikhlas partnership eyes RM168 mln of business

KUALA LUMPUR, Aug 7 (Bernama) -- MNRB Holdings Bhd’s wholly-owned subsidiary, Takaful Ikhlas General Bhd, and CIMB Islamic Bank Bhd aims to achieve an 11 per cent year-on-year growth in gross contribution over the next five years, totalling RM168 million, through their bancatakaful strategic partnership.


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

Etiqa introduces first-of-its kind insurance coverage for mental illness 
Allianz General, Anora and Solarvest ink MoU to further promote renewable energy

 
Takaful consulting can be a rewarding career

CLOSING, FRIDAY, SEP 20
US4.1680/1720
S'pore3.0297/0337
100 Yen 3.8589/8637
Sterling 5.2196/2254
Euro4.6040/6.101
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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