KUALA LUMPUR, Nov 14 (Bernama) – Bank Negara Malaysia’s (BNM) proposed basic medical and health insurance/takaful (MHIT) product is being finalised this year, with a pilot to begin next year as part of a strategy to address medical inflation and rising insurance premiums.
KUALA LUMPUR, Nov 6 (Bernama) -- Insurers and takaful operators (ITOs) are required to submit all necessary information to Bank Negara Malaysia (BNM) for review before implementing premium readjustments, said Deputy Finance Minister Lim Hui Ying.
KUALA LUMPUR, Oct 31 (Bernama) -- Global credit rating agency, AM Best has maintained its stable outlook on Taiwan’s non-life insurance segment, noting that premium growth prospects remain robust and are supported by steady economic conditions and strong insurance demand.
KUALA LUMPUR, Oct 31 (Bernama) -- AM Best has maintained a stable outlook on China’s non-life insurance segment, supported by sustained premium growth driven by new energy vehicles (NEVs), health reforms and emerging product developments, alongside supportive regulatory policies and market development initiatives.
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) -- Global credit rating agency, AM Best has affirmed the financial strength rating of B++ (Good), the long-term issuer credit rating of “bbb” (Good) and the Philippines National Scale Rating of aa+.PH (Superior) of National Reinsurance Corporation of the Philippines (Nat Re), with a stable outlook.
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 11 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICRs) of “aa+” (Superior) of Japan’s Tokio Marine & Nichido Fire Insurance Co Ltd (TMNF) and its subsidiaries.
By Danni Haizal Danial Donald
KUALA LUMPUR, Aug 24 (Bernama) -- Malaysia’s palm oil industry is expected to stay bullish in the near term, supported by stronger exports and easing inventories, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said.
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.
