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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.
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.
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.
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.
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?
KUALA LUMPUR: The MCA will provide insurance coverage to its members following requests from them.
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.
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...
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.
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.
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.
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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