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Sunday, 9 May 2010

News Posts 20100502-20100508

Insurance News The delay in Prudential's rights issue and acquisition of AIA will add further uncertainties to AIA's staff and agents. Will staff leave due to the uncertainties or will they now hope for the deal to fail?
Wednesday's announcement may add to the possibility of defections by AIA's staff and self-employed agents. The Asian company has more than 300,000 sales agents in the region and is Hong Kong's largest life insurer, with a 16% market share.
May 6, 2010

Insurance News Prudential has to revise the timetable of its purchase of AIA as it is still in talks with FSA over its capital position. The prospectus for the rights issue was supposed to be circulated today but it would now be delayed for several days.
LONDON: British insurer Prudential Plc fuelled worries over its planned $35.5 billion acquisition of AIG's Asian unit as a last-minute regulatory delay forced it to put on ice its bumper cash call, according to Reuters
May 5, 2010

Insurance News BNM has advertised in several major newspapers inviting the public to provide feedback on TPBID.
Bank Negara Malaysia is seeking public feedback on the new basic motor insurance coverage for third-party bodily injury and death.The central bank placed advertisements in several newspapers yesterday, ...
May 4, 2010

Insurance News I think it is misleading to say "Practitioners of actuarial science can calculate how long it takes before a skyscraper needs to be repainted, or how many cars will pass through a highway concessioners toll booth before the highway pays for itself." Most people who are mathematically trained should be able to do these, you don't need an actuary for these!
ACTUARIAL science is one of the lesser-known fields of study in Malaysia. Few people outside the insurance, finance and banking industries know who an actuary is and what he does.According to the Actuarial ...
May 4, 2010

Insurance News HSBC Amanah Takaful has set an internal target of contributing 20% to HSBC Amanah Malaysia's revenue by 2011. To achieve this target, it needs to double its gross contributions this year.
HSBC Amanah Takaful (Malaysia) Sdn Bhd said it will continue to optimise its bankataful relationship with HSBC Bank Malaysia Bhd (HSBC Malaysia) to double its contribution of premiums this year. "We expect ...
May 3, 2010

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