Prudential has launched Project
Listen in celebrating its 88th anniversary.http://bit.ly/TAS0512a
PRUDENTIAL Assurance Malaysia Bhd
(PAMB) has kicked off its 88th anniversary celebration by lending its ears to
fellow Malaysians in Project Listen as a tribute to Malaysians for inspiring 88
y...
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Reuters reported that Aviva planned
to sell the 49% stake in CIMB Aviva. The Wall Street Journal further reported
that Aviva had hired Morgan Stanley to help with the sale deal. Both CIMB and
Aviva however declined comment. CIMB could have the right of first refusal
should the stake be made available for sale.http://bit.ly/KePA9R
KUALA LUMPUR: Britain’s
second-largest insurer Aviva plc’s sale of its Malaysian life-insurance
business could offer a buying opportunity for its competitors looking for a
slice of the industry pie h...
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Sales in Asia has helped to propel
Prudential UK Q1 sales to a 9% growth. The growth rates for the 3 key markets
were: Asia (21%), US (3%) and UK (-5%).http://bit.ly/TAS0510c
LONDON: Prudential plc, the UK's
biggest insurer by market value, said first-quarter sales rose 9 per cent,
driven by health and protection products in Asia.
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Prudential is confident in
outperforming the estimated industry growth of 7-10% this year. The CEO
attributed the expected out performance to: a) strong and strategic partnership
on bancassurance; b) healthy and quality agency recruitment; c) more innovation
and expansion. http://bit.ly/TAS0510b
KUALA LUMPUR: Prudential Assurance
Malaysia Bhd (PAMB) is upbeat over outperforming the 7%-10% average industry
growth this year, compared with the 8% new business sales annual premium
equivalent (APE...
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The PIDM's funds at at 31 Dec 2011
amounted to: (i) general insurance: RM948 mil; (ii) life insurance: RM36.7 mil;
(iii) general takaful: RM2.1 mil; (iv) family takaful: RM4.4 mil. http://bit.ly/TAS0508a
NATIONAL deposit insurer Malaysia
Deposit Insurance Corporation (PIDM) reported a RM226.8 million revenue for the
financial year ended December 31 2011.
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Allianz General is counting on its
consistency of policy issuance and timely payment of claims to give itself
competitive edge. For 2012, it targets gross written premiums of RM1.65 bil to
RM1.7 bil, up from RM1.46 bil last year. The company is also adding
telemarketing as a new distribution channel. Actuaries' involvement in risk
management is seen to be limited by the severe shortage of qualified and
experienced GI actuaries. http://bit.ly/TAS0507a
KUALA LUMPUR: Allianz General
Insurance Company (M) Bhd (AGIC), which is targeting gross written premiums of
RM1.65bil to RM1.7bil this year, is unperturbed by the proposed merger of
Kurnia Insurans
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