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Wednesday, 2 May 2012

News Posts 20120423-20120429

Insurance News 27 Apr 2012  -  Public
Tune Money is interested in acquiring foreign-based insurance companies. It recently proposed to acquire OCA for RM157 mil. It is also looking to start an undisclosed line of business and is waiting for approval from BNM.http://bit.ly/TAS0427a
Tune Money keen to buy foreign insurance firms »
KUALA LUMPUR: Tune Money Sdn Bhd, the financial services arm of the Tune Group, plans to acquire foreign-based insurance companies and is in discussions with several parties now, its chief said.
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Insurance News 26 Apr 2012  -  Public
LIAM has applied to MyCC to be exempted from complying with the Competition Act 2010. MyCC has yet to arrive at a decision on whether the exemption is justified. Under the Competition Act, there are 4 criteria that must be met to earn an exemption. http://bit.ly/TAS0426b
PETALING JAYA: Four parties from the logistics, insurance, and food industries have applied to the Malaysia Competition Commission (MyCC) to be exempted from complying with the Competition Act 2010.
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Insurance News 26 Apr 2012  -  Public
MCA will provide insurance coverage to its members, which provides RM4,000 for funeral expenses, permanent/partial disability and accidental death. Does anyone know which insurance company underwrites the scheme?http://bit.ly/TAS0426a
KUALA LUMPUR: The MCA will provide insurance coverage to its members following requests from them.
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Insurance News 25 Apr 2012  -  Public
Takaful Ikhlas' plan for the year: a) Increase the number of agents from 4,000 to 5,000; b) Allocate 5% of payroll for training purposes; c) Invest RM5 mil over the next 2 years to develop cloud computing systems; d) Launch a new group health and medical product. http://bit.ly/TAS0425a
By Norshafawati Ab Wahab KOTA KINABALU, April 25 (Bernama) -- Takaful Ikhlas Sdn Bhd plans to increase the number of agents to 5000 this year from 4000 previously. President/CEO Datuk Syed Moheeb Syed...
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Insurance News 24 Apr 2012  -  Public
STMB has embarked on a "We Should Talk" campaign, an aggressive effort to engage and connect with its potential clients and investors.http://bit.ly/TAS0424b
Takaful Malaysia listed as OSK top 5 »
Syarikat Takaful Malaysia Bhd (Takaful Malaysia), was listed among the top five companies in the 2012 edition of OSK Top Malaysia Small Cap Companies - 30 Jewels, launched today.
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Insurance News 23 Apr 2012  -  Public
Takaful Ikhlas targets to increase contributions from non-Muslim customers to RM8 mil in 2012 from RM1 mil last year. To achieve this, it intends to recruit 200 non-Muslim agents, up from 50 currently. http://bit.ly/TAS0423a
Takafu lkhlas eyes non-Muslims segment »
Takaful Ikhlas Sdn Bhd expects gross contributions from non-Muslims to increase to RM8 million this year from RM1 million previously.

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