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Monday, 4 April 2011

News Posts 20110328-20110403

Insurance News ING's strategy is to move away from merely focusing on topline growth by relooking at how to create value for customers. Improving customer service is not a strategy but a way of life. ING and Public Bank's new takaful firm will launch its 1st product this month.
INSURANCE companies need to re-look their growth strategies and create value for their customers, given the changing landscape of the financial services industry post the recent global financial crisis.
April 2, 2011

Insurance News Tidjane Thiam will afterall get his bonus after the failed AIA takeover last year. However, instead of receiving 50% of his 1.57 million pounds bonus in cash and the other 50% in deferred shares, he has been "penalised" by being given 100% in shares deferred for 3 years.
* CEO gets deferred all-share bonus instead of 50 pct cash * CEO bonus 1.57 million pounds, total pay 2.76 million * CEO also gets 2 mln stg shares under incentive plan* Shares down 0.1 percent
April 1, 2011

Insurance News LIAM has elected Mohd Din bin Merican and Vincent Kwo as the new President and Vice President respectively.
Kuala Lumpur, Friday, 1 April 2011: At the 37th Annual General Meeting (AGM) of the Life Insurance Association of Malaysia (LIAM) held on 30 March 2011, Encik Mohd Din bin Merican and Mr Vincent Kwo Shih Kang have been elected as the new President and Vice-President of LIAM respectively.
April 1, 2011

Insurance News Ravi Menon will be the new MD for MAS effective April 2. Ravi who was the assistant MD in 2002, will take over from Heng Swee Keat who retires.
SINGAPORE: Monetary Authority of Singapore (MAS) announced yesterday that Ravi Menon will be appointed managing director effective April 2.
March 31, 2011

Insurance News Great Eastern expects the local stock market to outperform as its current valuations are not excessive. Equity is the preferred asset class although the market will remain volatile.
KUALA LUMPUR: Great Eastern Life Assurance (Malaysia) Bhd expects the Malaysian stock market to be more resilient than its regional peers due to the elections.
March 31, 2011

Insurance News Why it took 3 months for PAMB to announce to Bernama the appointment of its Chief Information Officer?
Prudential Assurance Malaysia Bhd (PAMB) has appointed Au E-Wan as its Chief Information Officer (CIO), effective January this year.
March 30, 2011

Insurance News MII launched CF-Miti, a framework aims to enhance the professionalism of the insurance and takaful workforce. The framework covers key job profiles in the industry and can be adapted for the purpose of training & development, talent programmes, coaching, recruitment and setting internal standards.
The newly-launched Competency Framework for the Malaysian Insurance and Takaful Industry (CF-Miti) is expected to retain and attract top talents to the industry, which is on a double-digit growth path.
March 29, 2011

Insurance News Kong Shu Yin, who was once the CEO of Kurnia, has been appointed the new CEO for RHB Insurance.
PETALING JAYA: RHB Insurance Bhd has appointed Kong Shu Yin its new chief executive officer. Bank Negara has given the green light for the appointment, a source told StarBiz.
March 29, 2011

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