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Tuesday, 7 February 2012

News Posts 20120129-20120204


Insurance News  -  4 Feb 2012  -  Public
Interview with Etiqa's CEO. Targets set for Etiqa: 1) Grow gross written premium by 75% by 2015 to RM7.5 bil. 2) Expand assets under management by 30% to RM30 bil in 2015 from RM23 bil currently. The twin debt crises in US and euro zone could mean dark days ahead for the industry.http://bit.ly/xHX9tD
As the CEO of an insurance entity, he is focussed on ‘rebranding and humanising’ the financial service market.
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Insurance News  -  3 Feb 2012  -  Public
Korea Life may be bidding for ING's Asia Pacific insurance operations. http://bit.ly/ydRg3Z

SEOUL: Korea Life Insurance Co Ltd said yesterday that it is reviewing the feasibility of bidding for ING Groep NV’s Asia-Pacific insurance operations.
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Insurance News  -  3 Feb 2012  -  Public
Munich Re's profits plummeted 71% in 2011 due to eurozone debt crisis and catastrophes.http://bit.ly/xzSgco

FRANKFURT: Munich Re, the world’s biggest reinsurer, said profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes.
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Insurance News  -  30 Jan 2012  -  Public
The stolen vehicles claims amount has increased from RM340 mil in year 2000 to RM604 mil in 2010. http://bit.ly/xkEqQr

PETALING JAYA: The amount that insurance companies spent on stolen vehicle claims has almost doubled over the past decade, hitting RM604mil last year.
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Insurance News  -  30 Jan 2012  -  Public
ING Public Takaful targets to increase its market share from 2% to 10% by 2015. It will sign up 2 more banks as distributors and increase the number of agents to 1,500 this year. The company launched an investment-linked medical rider today. http://bit.ly/wvEqsS

KUALA LUMPUR: ING PUBLIC Takaful Ehsan Bhd (Takaful Ehsan) is eyeing a 10 per cent market share of the takaful industry by 2015 from the current two per cent.
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Insurance News  -  29 Jan 2012  -  Public
Suggestion to create an online database of contentious insurance claims cases with objective facts, name of insurer, nature of customer dissatisfaction, insurer's response and course of action. The idea is for potential customers to judge themselves which insurance companies to avoid. What do you think? http://bit.ly/AtBAwi

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