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Sunday, 27 June 2010

News Posts 20100621-20100627

Insurance News Insurance agents are not happy that Tuanku Ja'afar Hospital bans them from meeting their clients in hospital. Agents claim that they need to help their clients to make claims and payments while hospital claim that they were acting following complaints from patients.
SEREMBAN: Insurance agents here are up in arms over a directive prohibiting them from meeting their clients at the Tuanku Ja’afar Hospital (HTJ).
June 27, 2010

Insurance News The details of the proposed Insurance Compensation Scheme (ICS) are out. The consultation paper is available on PIDM's website and the public has until 23 July to provide their views and feedback. The scheme is similar to the deposit insurance scheme that protects depositors in banking institutions but with a higher protection level proposed in ICS.
Perbadanan Insurans Deposit Malaysia (PIDM) has issued a consultation paper on the proposed Insurance Compensation Scheme (ICS) for public feedback.
June 24, 2010

Insurance News TM Asia Life changes its name to Tokio Marine Life and sets itself a target to become 1 of the top 5 insurers in Malaysia by 2015. It needs to increase its market share from the current 3.7% to 6% and improves its current ranking of 11th. It will continue to count on its agency force while at the same time buiding up its bancassurance channel.
The company, formerly known as TM Asia Life Malaysia Bhd, expects to capture 6 per cent of the market share in the life insurance industry from its current 3.7 per cent. For the first quarter of 2010, ...
June 23, 2010

Insurance News Multi-Purpose Insurans' profit target is raised to RM48 mil for next year from the current RM30 mil to RM40 mil figure.
KUALA LUMPUR: MULTI-PURPOSE HOLDINGS BHD [] (MPHB), an investment holding company, is targeting to increase the net profit of its insurance business to RM48 million next year, director T. Vijeyaratnam said.
June 22, 2010

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