PETALING JAYA: Employees covered by the Foreign Workers Hospitalisation and Surgical Insurance Scheme need not pay a deposit or produce a guarantee letter to be admitted to a government hospital.
January 7, 2011
January 7, 2011
Insurance News Review of some major events in the insurance and takaful industry in 2010.
January 7, 2011
Insurance News Double-digit growth projected for insurance industry driven by ETP initiatives. Uncertain outlook in the western economies however may affect consumer confidence and hence performance of the industry.
January 7, 2011
Insurance News The oil Palm and rubber plantation firms are not happy with the compulsory contributions to the foreign workers health insurance scheme. Under the Workers Minimum Housing Standard & Amenities Act 1990, many estate owners have set up their own hospitals and clinics and only 2-5% of foreign workers sought treatment in government hospitals. The usage of public health facilities is therefore low.
Oil palm and rubber plantation firms will now have to fork out another RM50 million to insurance companies.
January 5, 2011
January 5, 2011
Insurance News A bank and an insurance company have each put in a bid to acquire OCA. The RM1.59 per share bid values OCA at 1.3 times book value.
PETALING JAYA: Two financial institutions have put in a bid of RM1.59 per share to acquire the controlling stake in Oriental Capital Assurance Bhd (OCA) from Maika Holdings Bhd, according to sources. A source said the two interested financial institutions consisted of a bank and an insurance company
January 5, 2011
January 5, 2011
Insurance News Vincent Kwo has been appointed the new CEO for Uni.Asia Life.
Uni. Asia Life Assurance Bhd has appointed Vincent Kwo Shih Kang as its new Chief Executive Officer (CEO) effective today.
January 5, 2011
January 5, 2011
Insurance News Prudential Singapore will have Kevin Holmgren as its new CEO. The existing CEO Philip Seah will take on a regional role as Chief Agency Officer, Asia.
Prudential Corporation Asia has announced leadership changes in its Singapore life insurance business, Prudential Assurance Company Singapore (Pte) Limited.
January 3, 2011
January 3, 2011
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