Insurance News on Facebook

Sunday, 11 March 2012

News Posts 20120305-20120311


Insurance News  -  9 Mar 2012  -  Public
The deadline for submission of application for a licence to be a provider of Private Retirement Scheme has passed (15/2/2012). It is not sure when SC will announce the successful applicants. Hwang Investment Management Bhd has submitted its application. Does anyone know which are the other companies that have submitted applications? http://bit.ly/zQCVdR

KUALA LUMPUR: Hwang Investment Management Bhd (Hwang IM) has applied for a licence to be a provider under the Private Retirement Scheme (PRS).
-----------------------------------------------------------------------------------------------------

Insurance News  -  8 Mar 2012  -  Public
MAA Takaful has declared and will pay profit commission to its qualifying general takaful agents. It believes that such a move will encourage agents to bring in quality business. http://bit.ly/yV9G4s

KUALA LUMPUR, March 8 (Bernama) -- MAA Takaful Bhd (MAA Takaful) became the first takaful operator in Malaysia to declare and pay profit commission to its qualifying general takaful agents. Its Chief ...
----------------------------------------------------------------------------------------------------

Insurance News  -  7 Mar 2012  -  Public
HSBC has agreed to sell its general insurance businesses as part of its plan to divest non-core assets that are capital intensive. It would be interesting to see what HSBC will do with its life insurance/takaful businesses, which rightfully should be even more capital-intensive.http://bit.ly/xvOorQ

HONG KONG (March 7): HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia's QBE Insurance Group for $914 million in cash, as Europe's biggest bank moves ahead with its plan to divest non-core assets.
----------------------------------------------------------------------------------------------------

Insurance News  -  7 Mar 2012  -  Public
STMB expects its Indonesian operation to contribute at least 1/2 of its profit and revenue base in the next 5 to 7 years. In Malaysia, it plans to launch at least 4 investment-linked products and health insurance this year. http://bit.ly/zkEvIb & http://bit.ly/xdtbU5

KUALA LUMPUR: Syarikat Takaful Malaysia Bhd is expecting “exponential growth” in its Indonesian operations in the medium to long term, said managing director Datuk Hassan Kamil.
----------------------------------------------------------------------------------------------------

Insurance News  -  7 Mar 2012  -  Public
This news article by Business Times (http://bit.ly/yN3Toz) says that STMB is close to selling a stake in its Indonesian unit to a local Indonesian partner, quoting the MD of the company. However, the same newspaper subsequently published another article (http://bit.ly/xdtbU5) also quoting the MD refuting the sale. What is happening? 

Kuala Lumpur: Syarikat Takaful Malaysia Bhd (Takaful Malaysia) is close to selling a stake in its Indonesian unit to a local partner to expand its distribution network in the republic.
----------------------------------------------------------------------------------------------------

Insurance News  -  7 Mar 2012  -  Public
Oriental Capital Assurance (OCA), which was acquired by G Team from Maika in 2010, may be sold to Tune Money. http://bit.ly/x2YzNR
PETALING JAYA: Tune Money Sdn Bhd, the financial services arm of the Tune Group, is speculated to be one of the candidates to acquire the controlling stake of 74.16% in Oriental Capital Assurance Bhd ...
----------------------------------------------------------------------------------------------------

Insurance News  -  6 Mar 2012  -  Public
Etiqa's customers can now check the status of their motor insurance claims on the company's website. http://bit.ly/xHddd6

KUALA LUMPUR (March 5, 2012): Etiqa customers can now conveniently check the status of their motor insurance claims via a new feature on its website, www.etiqa.com.my. In a statement today, Etiqa said...
----------------------------------------------------------------------------------------------------

Insurance News  -  6 Mar 2012  -  Public
STMB plans to invest in properties in London as prices have been depressed given the depreciated currency and a devalued property market. http://bit.ly/AgdlJN
SYARIKAT Takaful Malaysia Bhd is looking at diversifying its investment portfolio by acquiring properties in London this year.
----------------------------------------------------------------------------------------------------

Insurance News  -  5 Mar 2012  -  Public
MII plans to expand the type of job profiles in the Competency Framework for the Insurance and Takaful Industry beyond the current 6 job families, viz. underwriting, customer service, claims, management and sales, compliance and insurance broking. http://bit.ly/yhlcNZ
KUALA LUMPUR: The Malaysian Insurance Institute (MII) is focusing on some key initiatives which will raise the insurance industry to a higher level so that it can compete globally and build a level of...

No comments:

Post a Comment