By Siti Noor Afera Abu
KUALA LUMPUR, Oct 15 (Bernama) -- The takaful scene in Malaysia and Indonesia is on a steady rise, with analysts projecting the market to soar to US$5.4 billion (US$1=RM4.22) by 2033 -- a sign that demand for Shariah-compliant protection is no longer niche, but mainstream.
KUALA LUMPUR, Oct 13 (Bernama) -- Malaysia’s medical tourism industry is expected to sustain strong growth, supported by targeted initiatives and strategic partnerships, said BMI, a Fitch Solutions company.
KUALA LUMPUR, Oct 11 (Bernama) -- The design of the base medical and health insurance/takaful product, which is being introduced as part of the Budget 2026 agenda, is expected to be finalised by end-2025 with a view to launch in 2027, said Bank Negara Malaysia (BNM).
KUALA LUMPUR, Oct 10 (Bernama) -- The newly introduced i-Saraan Plus tailored for e-hailing and p-hailing drivers announced under Budget 2026 is built on the success of the i-Saraan programme, said the Employees Provident Fund (EPF).
KUALA LUMPUR, Oct 9 (Bernama) -- Global credit rating agency, AM Best has maintained its outlook on Indonesia’s non-life insurance segment at stable, citing resilient growth prospects, ongoing regulatory refinements and robust investment returns.
By Naveen Prabu Kuppusamy
KUALA LUMPUR, Oct 9 (Bernama) -- The General Insurance Association of Malaysia (PIAM) has proposed that the government extend the Perlindungan Tenang Voucher (PTV) scheme to cover motorcycles under Budget 2026, as part of efforts to improve insurance penetration and road safety.
KUALA LUMPUR, Oct 8 (Bernama) -- Malaysia’s general insurance industry grew 4.0 per cent year-on-year in the first half of 2025 (1H 2025), with gross written premiums (GWP) rising to RM12.3 billion from RM11.8 billion, driven mainly by the motor and fire segments, according to the General Insurance Association of Malaysia (PIAM).
KUALA LUMPUR, Oct 7 (Bernama) -- The Life Insurance Association of Malaysia (LIAM) is calling for higher combined tax relief for education, medical, and health insurance, raising the limit from RM4,000 to RM6,000 under the upcoming Budget 2026.
KUALA LUMPUR, Sept 29 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” (Excellent) to Samsung Property & Casualty Insurance Company (China) Ltd (Samsung P/C China). The outlook for both credit ratings (ratings) is stable.
KUALA LUMPUR, Aug 28 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” (Excellent) of Thailand’s Allianz Ayudhya General Insurance Public Company Limited (AAGI).
KUALA LUMPUR, Aug 15 (Bernama) -- Interim measures to manage rising medical costs remain effective, as ongoing initiatives will strengthen healthcare delivery and help curb medical insurance inflation, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.
KUALA LUMPUR, Aug 15 (Bernama) -- The Credit Counselling and Debt Management Agency (AKPK) has introduced a free financial management service to assist policyholders affected by premium increases for their medical and health insurance and takaful (MHIT) plans.
