The insurer says much of the impact will fall on households, with unpaid care projected at 123 million hours and 42% of treatment costs paid out of pocket by 2030.
The parties have six months to conclude negotiations and market analysts believe a deal appears more credible than RHB Bank’s earlier, unsuccessful attempt in 2019.
BNM said that Zurich's Malaysian units failed to update their sanctions database, resulting in customer screening being conducted against an outdated database.
