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Sunday, 13 May 2012

News Posts 20120507-20120513


Prudential has launched Project Listen in celebrating its 88th anniversary.http://bit.ly/TAS0512a
PRUDENTIAL Assurance Malaysia Bhd (PAMB) has kicked off its 88th anniversary celebration by lending its ears to fellow Malaysians in Project Listen as a tribute to Malaysians for inspiring 88 y...
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Insurance News 11 May 2012  -  Public
Reuters reported that Aviva planned to sell the 49% stake in CIMB Aviva. The Wall Street Journal further reported that Aviva had hired Morgan Stanley to help with the sale deal. Both CIMB and Aviva however declined comment. CIMB could have the right of first refusal should the stake be made available for sale.http://bit.ly/KePA9R
KUALA LUMPUR: Britain’s second-largest insurer Aviva plc’s sale of its Malaysian life-insurance business could offer a buying opportunity for its competitors looking for a slice of the industry pie h...
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Insurance News 10 May 2012  -  Public
Sales in Asia has helped to propel Prudential UK Q1 sales to a 9% growth. The growth rates for the 3 key markets were: Asia (21%), US (3%) and UK (-5%).http://bit.ly/TAS0510c
LONDON: Prudential plc, the UK's biggest insurer by market value, said first-quarter sales rose 9 per cent, driven by health and protection products in Asia.
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Insurance News 10 May 2012  -  Public
Prudential is confident in outperforming the estimated industry growth of 7-10% this year. The CEO attributed the expected out performance to: a) strong and strategic partnership on bancassurance; b) healthy and quality agency recruitment; c) more innovation and expansion. http://bit.ly/TAS0510b
KUALA LUMPUR: Prudential Assurance Malaysia Bhd (PAMB) is upbeat over outperforming the 7%-10% average industry growth this year, compared with the 8% new business sales annual premium equivalent (APE...
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Insurance News 8 May 2012  -  Public
The PIDM's funds at at 31 Dec 2011 amounted to: (i) general insurance: RM948 mil; (ii) life insurance: RM36.7 mil; (iii) general takaful: RM2.1 mil; (iv) family takaful: RM4.4 mil. http://bit.ly/TAS0508a
NATIONAL deposit insurer Malaysia Deposit Insurance Corporation (PIDM) reported a RM226.8 million revenue for the financial year ended December 31 2011.
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Insurance News 8 May 2012  -  Public
Allianz General is counting on its consistency of policy issuance and timely payment of claims to give itself competitive edge. For 2012, it targets gross written premiums of RM1.65 bil to RM1.7 bil, up from RM1.46 bil last year. The company is also adding telemarketing as a new distribution channel. Actuaries' involvement in risk management is seen to be limited by the severe shortage of qualified and experienced GI actuaries. http://bit.ly/TAS0507a
KUALA LUMPUR: Allianz General Insurance Company (M) Bhd (AGIC), which is targeting gross written premiums of RM1.65bil to RM1.7bil this year, is unperturbed by the proposed merger of Kurnia Insurans 

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