Malaysia

am-best-affirms-energass-ratings-but-negative-rating-maintained

AM Best affirms Energas's ratings, but negative outlook maintained for captive

February 23 2024

AM Best spotlights underwriting volatility, increase in large loss frequency, and reinsurance reliance in latest ratings note.

zurich-malaysia-taking-proactive-action-to-enhance-climate-strategy-report

Zurich Malaysia CEO outlines proactive approach to climate strategy - report

February 21 2024

Junior Cho spoke about some proactive steps insurer is taking amid increasing climate-related disclosures requirements.

Malaysia: Pacific Prime acquires MIT Insurance Brokers

February 7 2024

Global broker Pacific Prime completes full acquisition of MIT.

am-best-malaysian-reinsurance-berhads-credit-ratings

AM Best affirms Malaysian Re's 'Excellent' ratings with stable outlook

February 5 2024

Despite nat cat exposure, Malaysian Re set to benefit from portfolio remediation, geographical diversification, and stable investment approach.

FWD Insurance Berhad ties up bancassurance deal with Bank Simpanan Nasional

January 25 2024

BSN's nine million customers gain access to FWD's life products under the exclusive distribution deal, which began in January.

cyber-a-key-concern-but-top-business-risk-varied-across-apac-allianz-report

Allianz identifies cyber as key concern, but top business risks diverge across APAC

January 17 2024

Allianz Risk Barometer sees cyber as top risk in three of nine APAC countries, but BI and Nat Cat rank high, with China focused on regulatory changes.

am-best-affirms-etiqa-general-insurances-ratings

Etiqa maintains 'excellent' ratings amid Malaysia's motor and fire market reform

January 15 2024

AM Best affirms ratings for Etiqa General Insurance, reflecting its robust capitalisation and disciplined underwriting.

PolicyStreet gains approval for Malaysian Takaful operations

January 8 2024

With LFSA approval, the insurtech expands into Takaful market to meet rising demand in Syariah-compliant insurance products.

am-best-maintains-stable-outlook-for-malaysias-non-life-market-amid-ongoing-economic-recovery

Stable outlook for Malaysia’s non-life market amid increased motor and property competition

December 19 2023

AM Best maintains stable outlook with improving economic conditions and low insurance penetration balancing nat cat and hard market conditions.

Malaysian Life Re launches retakaful business, hopes to reach 10% premium contribution in 3 years

December 15 2023

Malaysian Life Reinsurance (MLRe) launches Shari’a-compliant retakaful business, aiming to reinforce Malaysia's position as a hub for Islamic finance.

fitch-affirms-malaysian-res-ifs-at-a-outlook-stable

Fitch affirms Malaysian Re's IFS at 'A' amid overseas expansion

December 8 2023

COR at 102% for second year, but capital strength and risk diversification sees ratings affirmed with stable outlook.

PIAM backs government initiative poised to curb surge in motor claims costs

December 7 2023

Malaysian insurance trade body endorses development of 'JSM MS', which could ease pressure of high inflation and soaring motor parts costs for insurers.

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