Insurance News
26 Aug 2012 - Public
If there is a significant demand for PRS,
the SC may issue more licences. However it is not likely that more new licences
would be issued this year.http://bit.ly/TAS0826b
BUILDING DEMAND: Private Retirement Scheme providers will
first need to create awareness
AIA received about 5000 applications for
its Early Pay Critical Illness Rider since its mid-June launch. The rider
covers up to 92 critical illness events grouped into 36 categories, with
payouts of 30%, 60% or 100% of sum assured, depending on the severity of the
illness. http://bit.ly/TAS0824a
AMERICAN International Assurance Bhd (AIA) has launched a new
insurance protection plan that covers early medical treatment for those
diagnosed with a critical illness.
Pakistan's 5 takaful operators filed
a petition to protest the rules which allow conventional insurers to offer
takaful services through takaful windows. Pending the final ruling by the
court, conventional insurers meanwhile are not allowed to offer takaful
services. http://bit.ly/TAS0823a
DUBAI, Aug 16 (Reuters) - Pakistan's
conventional insurancefirms will have to wait a few more weeks to learn if they
canopen takaful, or Islamic insurance, windows after a state courton Thursday
adjou...
ACE Jerneh is totally focused on organic
growth but does not rule out further acquisition. The company is targeting
double-digit growth annually and will start refurbishing Wisma ACE Jerneh this
month. http://bit.ly/TAS0822b
GENERAL insurer ACE Jerneh Insurance Bhd is interested in
mergers and acquisitions (M&As) if it fits into its business strategy, said
its top executive.
Allianz's authorised agents will soon
provide estate planning services offered by OSK following the recent strategic
partnership between the 2 companies.http://bit.ly/TAS0822a
KUALA LUMPUR: Allianz Life Insurance Malaysia Bhd which today
signed a strategic partnership agreement with OSK Trustees Bhd, hopes to offer
a holistic financial solution to existing customers.
Korea Life may not pursue with its
planned purchase of ING's Southeast Asian life business due to its
"disadvantageous position". It is not clear whether the
"disadvantageous position" has any connection with the jailing of the
Chairman of the parent group for breach of trust. http://bit.ly/TAS0821c
SEOUL: Korea Life Insurance Co Ltd is
unlikely to pursue its planned purchase of Dutch insurer ING's Southeast Asian
life insurance operations, a spokesman for the Korean firm's parent Hanwha
Group sa...
Professional indemnity insurance may
have stronger growth and enjoy more prominence in the next few years due to
greater consumer awareness. Competition among the insurance companies however
may contain the increase in the premium rates. http://bit.ly/TAS0821b
PETALING JAYA: Although the recent
legal suit brought by Silver Bird Group Bhd against its auditors may bring
professional indemnity insurance into play, industry players see this class of
insurance ...
Insurance fraud would be included in
the 4th International Conference on Financial Crime and Terrorism Financing
held next month due to the increase in frauds in the sector and also the sector
has increasingly becoming a potential money laundering target. http://bit.ly/TAS0821a
KUALA LUMPUR: The International
Conference on Financial Crime and Terrorism Financing 2012 (IFCTF 2012), to be
held next month, will address cyber security issues as well as insurance fraud.
Posts
No comments:
Post a Comment