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Monday, 7 March 2011

News Posts 20110228-20110306

Insurance News Pentasoft has rebranded itself into AETINS.
Software company, Pentasoft Malaysia Sdn, Bhd, which recently rebranded itself into AETINS Sdn Bhd, will leverage on its past experience to make a mark in the international arena.
March 5, 2011

Insurance News Insurers may not find life any easier with the increase in motor insurance premiums. Customer expectation is better service and faster claims in return.
PETALING JAYA: The implementation of the new motor insurance premium framework next year should result in a higher quality of service.
March 3, 2011

Insurance News HLA Holdings has received BNM's approval to purchase 35% stake in HLTMT from Tokio Marine & Nichido and sell the same stake to Mitsui Sumitomo.
Hong Leong Assurance Holdings Sdn Bhd has obtained Bank Negara approval to sell its takaful unit to Mitsui Sumitomo Insurance Group (MSIG), said Hong Leong Tokio Marine Takaful Bhd (HLTMT) chief executive officer Abdul Latiff Abu Bakar.
March 2, 2011

Insurance News Great Eastern Takaful launched i-EPCC, an investment-linked rider that pays benefits at early stages of various critical illnesses.
Great Eastern Takaful Sdn Bhd (GETSB) aims to be among the top three companies in the local takaful business by capturing about 20 percent of the market share by year end.
March 2, 2011

Insurance News The European Court of Justice has made a ruling that bans premium differentiation by gender. The ruling comes into effect from 21 December 2012. Differentiation by gender is ruled to be discriminatory.
The decision by the European Court of Justice (ECJ) to ban the use of gender in insurance policies from December 2012 has been described as "disappointing" by the Association of British Insurers (ABI).
March 1, 2011

Insurance News Kurnia has reported a Q4 net loss of RM8.5 mil.
Kurnia Asia Bhd, a Malaysian insurer, fell the most in more than three months in Kuala Lumpur trading after reporting a fourth-quarter net loss of RM8.5 million.
March 1, 2011

Insurance News More transparency in rates charged by private hospitals is certainly welcome, and is likely to help to contain the medical costs and hence the medical insurance premium rates.
SHAH ALAM: Private hospitals have been urged by the Health Ministry to publish their rates on their websites.
March 1, 2011

Insurance News Datuk Zamani, the former BNM deputy governor, has been made the Chairman of Bank Islam.
KUALA LUMPUR: Former Bank Negara Malaysia Deputy Governor Datuk Zamani Abdul Ghani has been appointed Chairman of Bank Islam Malaysia Bhd, effective today.
March 1, 2011

Insurance News Lonpac has gained 20% market share in Cambodia and targets to capture 35% in the next 5 years. The business in Cambodia is profitable; a new branch is planned for Siem Reap.
GENERAL insurer Lonpac Insurance Bhd is putting on hold its plans to venture into other overseas countries to focus on growing its operations in Cambodia as well as Singapore.
February 28, 2011

Insurance News Best Re has been assigned AA rating by MARC.
Malaysia Rating Corporation Bhd (MARC) has assigned an insurer financial strength rating of "AA" to BEST RE (L) Ltd and BEST RE Family (L) Ltd.
February 28, 2011

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