Majority of insurers endorse the Australian Prudential Regulation Authority’s supervisory role, but many warn that the cost of compliance remains high.
Sim brings more than two decades of experience in casualty insurance, most recently serving as Assistant Vice President of General Casualty at Allied World.
Former company chair Ronald Ong said shareholders have “persistently, strongly and increasingly requested a viable liquidity option” since Income’s corporatisation.
The committee’s work builds on existing reforms and aims to create a more transparent, affordable, and value-driven private healthcare system in Malaysia.
