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Monday, 18 April 2011

News Posts 20110411-20110417

Insurance News AIA aims to be in the top 3 in NB over the next 3 years, climbing from its current 4th position. Takaful is seen as a high growth area with current low penetration and huge Muslim population. Agency channel remains the main distribution channel although AIA also has 4 key bancassurance tie-ups.
SUBANG: AIA Group will bank on organic growth to spur its business in Asia and via this strategy make its subsidiary, AIA Bhd, one of the top three largest insurance providers in the country in terms of new business premiums over the next three years.
April 16, 2011

Insurance News Do you know that you could be jailed for 835 years for causing the collapse of a life insurance company?
WASHINGTON: It's easy to see why insurance swindler Sholam Weiss was not entirely satisfied with a judge's decision to cut 10 years from his prison term.
April 14, 2011

Insurance News Half of Britons do not want to pay for financial advice. A third think that such advice is worth less than £300, although full advice currently costs £670. Is there a future for financial advisers in Malaysia? Your views?
New research from the Association of British Insurers (ABI) indicates that over a half of Britons may not be prepared to pay for financial advice.
April 14, 2011

Insurance News The strong shariah framework in the country is named as one contributing factor for the success in takaful. Meanwhile lack of long-term assets could hinder growth.
PETALING JAYA: Malaysia has successfully propelled the takaful industry to the next level, says RAM Rating Services Bhd.
April 12, 2011

Insurance News The private pension scheme as announced under ETP will be finalised by year-end.
Under the Capital Masterplan 2, a new private retirement scheme approved by the Securities Commission would also be in place by year-end.
April 12, 2011

Insurance News Hans De Cuyper has been appointed the Head, Etiqa Insurance & Takaful.
Malayan Banking Bhd (Maybank) today announced four new senior management appointments for the group.
April 12, 2011

Insurance News Will Jerneh Asia sell off its stake in HSBC Amanah Takaful? If it does, there should be plenty of interested parties. Even HSBC itself may decide to buy to increase its stake in the takaful operator.
The sale of the 80 per cent stake in JIB marks Jerneh Asia's exit from the domestic insurance scene although it still owns a 31 per cent stake in HSBC Amanah Takaful (M) Sdn Bhd and has operations in China and Thailand as well as a stake in Areca Capital Sdn Bhd, a local fund management firm.
April 11, 2011

Insurance News MAA Holdings has today submitted application to BNM for approval to dispose off MAA insurance business to Zurich.
MAA Holdings Bhd has submitted an application to Bank Negara Malaysia (BNM) to seek approval to enter into an agreement and dispose off five of its units to Zurich Insurance Company Ltd.
April 11, 2011


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